Consumer Financial Protection Bureau Files Suit Against Nationwide Biweekly for Luring Consumers with False Promises of Mortgage Savings 11 May 2015 12:23  Press Release Consumers Paid $49 Million in Fees for Deceptive Mortgage Payment Program WASHINGTON, D.C. —(ENEWSPF)—May 11, 2015. Today the Consumer Financial Protection Bureau (CFPB) filed a lawsuit in federal district court against… Read More

Prepared Remarks of Richard Cordray Director of the Consumer Financial Protection Bureau Field Hearing on Student Loans Milwaukee, Wisconsin May 14, 2015 Thank you all for joining us today in Milwaukee.  Plato once said, “The direction in which education starts a man will determine his future life.”  More Americans are heeding that advice and going… Read More

NEWARK – Acting Attorney General John J. Hoffman and the New Jersey Division of Consumer Affairs today warned consumers of a scam in which con artists, falsely claiming to represent the New Jersey Attorney General’s Office, call unsuspecting victims to demand immediate payment of a non-existent debt. “This is the latest in a long line… Read More

Article from trade publication Inside ARM about one of our cases   The Inconvenient Reality of Convenience Fees Mike Bevel May 18, 2015 You should probably stop charging convenience fees. You also probably won’t listen to me, or to your compliance team Nevertheless, it’s a risky prospect, the precedents aren’t terribly clear, and, if a… Read More

Borrowers say interest is excessive Trial Notebook By Steven P. Garmisa Hoey & Farina Three Illinois residents who agreed to pay 139 percent interest on $2,525 in loans from Western Sky Financial — a “payday loan” company chartered in South Dakota that advertises on television and operates on the Internet — filed a state-court class action… Read More

FTC Will Keep Consumer Product Warranty Rules in Current Form with Some Modifications FOR YOUR INFORMATION May 22, 2015 TAGS: Automobiles Bureau of Consumer Protection Consumer Protection The Federal Trade Commission has completed its review of the Interpretations, Rules, and Guides under the Magnuson-Moss Warranty Act and will keep them in their present form, with… Read More

CFPB and Department of Justice Take Action Against Provident Funding Associates for Discriminatory Mortgage Pricing MAY 28, 2015 SHARE THIS Share on Facebook Share on Twitter Share on LinkedIn Share on email Harmed African-American and Hispanic Borrowers Will Receive $9 Million WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) and the Department of… Read More