Page 36 - Cfpb News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Credit repair titans face a $2.7 billion settlement with the CFPB for charging customers illegal fees. The Consumer Financial Protection Bureau (CFPB) settled with some of the largest credit repair companies on Monday, including Lexington Law and CreditRepair.com. This action is the latest example of the CFPB cracking down on the credit repair industry. Credit repair companies’ settlement The settlement found that the companies charged customers illegal "advance" fees, violating federal laws rel

Heights Finance was charged over a loan-churning scheme that aggressively pushed borrowers to refinance. The government’s consumer watchdog group is suing high-cost installment lender Heights Finance Holding and its subsidiaries for illegal loan-churning practices that collected hundreds of millions of dollars in loan costs and fees from struggling borrowers.In a complaint filed in a South Carolina district court, the Consumer Financial Protection Bureau (CFPB) alleges that Heights Finance ident

The district court had ruled that the Equal Credit Opportunity Act (ECOA) was only applicable to applicants

The parent company of subprime lender TitleMax is warning nearly 5 million customers that a data breach affecting them is worse than was previously reported. In

A ruling in Illinois from a Democratic-approved judge would invalidate the Equal Credit Opportunity Act in actions taken before the application stage.