WASHINGTON, D.C. – La Oficina para la Protección Financiera del Consumidor (CFPB, por sus siglas en inglés), finalizó una normativa para establecer un registro que permita detectar y detener a infractores corporativos que hayan violado leyes de protección al consumidor y que estén sujetos a órdenes judiciales federales, estatales o locales. El registro también ayudará
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today finalized a rule to establish a registry to detect and deter corporate offenders that have broken consumer laws and are subject to federal, state, or local government or court orders. The registry will also help the CFPB to identify repeat offenders and recidivism trends. The
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) sued student loan servicer Pennsylvania Higher Education Assistance Agency (PHEAA), which does business as American Education Services (AES), for illegally collecting on student loans that have been discharged in bankruptcy and sending false information about consumers to credit reporting companies. The CFPB’s lawsuit asks the
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today launched a public inquiry into junk fees that are increasing mortgage closing costs. The CFPB wants to understand why closing costs are increasing, who is benefiting, and how costs for borrowers and lenders could be lowered. According to a CFPB analysis, the closing costs borrowers
In this journal article—published in the UC Irvine Law Review —CFPB Director Rohit Chopra explains the CFPB’s Policy Statement on Abusive Acts or Practices and the importance that it plays in protecting people from business misconduct. The post-financial crisis ban on abusive conduct is rooted in early 20th century attempts to regulate fair dealing and
