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California Regulator Opens Licensing Application For Debt Collectors
Debt collectors operating in California may now submit applications for licensure by the Department of Financial Protection and Innovation (DFPI) in compliance with the state’s newly enacted Debt...
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CFPB Increases Scrutiny on Student Loan Servicers
On February 18, 2022, the Consumer Financial Protection Bureau (CFPB) issued a Compliance Bulletin and Policy Guidance (Bulletin) regarding the servicing of Federal student loans for borrowers who may...
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Massachusetts AG Announces Settlement with Auto Lender for Alleged Unfair and...
On May 27, 2021, the Massachusetts Attorney General’s Office (AG) announced that it had reached a settlement with a subprime auto lender resolving alleged violations of the state’s unfair and...
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Massachusetts AG Settles with Debt Collector for $2.25 Million
On September 7, 2021, the Massachusetts Attorney General (AG) announced that it reached a settlement with a debt collection company, resolving allegations that the company engaged in unfair and...
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North Carolina AG Permanently Enjoins Debt Settlement Business
On May 26, 2022, the North Carolina Attorney General (NC AG) announced that it obtained a default judgment against a California-based debt settlement business, and its proprietor. The lawsuit, filed...
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CFPB Reaches $3.7 Billion Settlement With National Bank to Resolve Alleged...
On December 20, 2022, the Consumer Financial Protection Bureau (CFPB) announced that it had entered into a consent order with a large national bank to resolve alleged violations of the Consumer...
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CFPB Seeks Dismissal of Complaint Filed by the U.S. Chamber of Commerce...
On December 23, 2022, the Consumer Financial Protection Bureau (CFPB) moved for dismissal, or in the alternative partial summary judgment, of the complaint filed by the U.S. Chamber of Commerce in...
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CFPB Issues New Supervisory Highlights Report
On July 26, 2023, the Consumer Financial Protection Bureau (CFPB) released a Supervisory Highlights report covering findings from its examinations completed between July 2022 and March 2023 (the...
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CFPB Updates Exam Manual in Light of the United States District Court for the...
As previously reported, on September 8, 2023, the United States District Court of the Eastern District of Texas granted plaintiff U.S. Chamber of Commerce’s (the “Chamber”) motion for summary...
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CFPB Bemoans “Junk Fees” in Mortgage Servicing
On April 24, 2024, the CFPB released its Supervisory Highlights, Mortgage Servicing Edition, (Issue 33, Spring 2024) which provides insight on the CFPB’s current focus in examining mortgage loan...
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