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CFPB to Hold Debt Relief Event

The Consumer Financial Protection Bureau will host a day-long convening, ‘Evolutions in Consumer Debt Relief.’ The event will explore options for consumers facing unmanageable unsecured debt and limited credit options. March 10, 2020, at 8 AM at Consumer Financial Protection Bureau Basement Auditorium, 1700 G St. NWWashington, DC 20552. This event is open to the …

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I Want to Join in Lawsuit Against Lexington Law

Question: Dear Steve, Looking for someone to help me with the lawsuit against Lexington law I’m a client I heard through the grapevine that they are getting sued for in practices. My name is [X] I chosen Lexington law to help me with my credit score seems like I heard through the grapevine that they …

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Mulvaney CFPB Further Abandons Consumer Interests by Firing Volunteer Experts

Recently I wrote about the changing mission of the CFPB from consumer-oriented to business-oriented under acting director Mick Mulvaney. The agency is having such an identity crisis at the moment it is known by two names, the CFPB and BCFP. American Banker is reporting the further castration of the CFPB consumer mission with the new …

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CFPB or BCFP. Who Are They Today And Where Did Consumers Go?

The Acting Director of the CFPB, Mick Mulvaney (Bio coming soon), has indicated he wants the entity name changed to Bureau of Consumer Financial Protection. Recently I received a press release from the organization that still identifies itself as the Consumer Financial Protection Bureau and the press release is from the Bureau of Consumer Financial …

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Case Dismissed as CFPB Ruled Unconstitutional

Well here is a little piece of information that is going to throw cases brought by the Consumer Financial Protection Bureau (CFPB) into a mess. On June 21, 2018, Senior United States District Judge Loretta Preska ruled the CFPB “is unconstitutionally structured and lacks authority to bring claims.” In the case CFPB v. RD Legal …

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2005 Bankruptcy Reforms “Failed Miserably” to Help Students

It’s official, bankruptcy reform in 2005 totally sucked for people with private student loans. Academic research shows lenders won and consumers lost. Here is the abstract from a paper in the Harvard Law & Policy Review by Alexei Alexandrov and Dalie Jimenez that looks at the data of how the 2005 Bankruptcy Abuse Prevention and …

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Trump Administration Wants to Neuter CFPB Who Brought More Than $750 Million in Relief for Student Loan Borrowers

The Consumer Financial Protection Bureau (CFPB) yesterday released a report that shows complaints by student loan borrowers have driven actions that have produced more than $750 million in relief for student loan borrowers and strengthened the student loan repayment process for millions more. These changes include automatic student loan interest-rate reductions for eligible servicemembers, more …

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