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All posts tagged "Consumer Financial Protection bureau"

  • Judge Calls BS On Navient in Suit by Government Watchdog to Protect Student Loan Borrowers

    The behemoth student loan originator and servicer Navient was sued by the Consumer Financial Protection Bureau (CFPB) for basically providing bad service and advice to six million student loan debtors it is contracted to serve for the...

    • Posted August 8, 2017
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  • Posting Consumer Complaints About Credit Card Companies Increases Consumer Satisfaction With Bank

    An interesting academic paper out which studies Consumer Financial Protection (CFPB) complaint reporting found the reporting assisted both consumers and the credit card companies. The investigation looked at the results of public reporting of complaints and found...

    • Posted June 7, 2017
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  • Navient Sued by CFPB for Failing All Student Loan Borrowers

    Today the Consumer Financial Protection Bureau (CFPB) is suing the nation’s largest servicer of both federal and private student loans for systematically and illegally failing borrowers at every stage of repayment. For years, Navient, formerly part of...

    • Posted January 18, 2017
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  • Paymap and LoanCare Nailed for Stupid Simple Reason

    Yesterday the Consumer Financial Protection Bureau announced they took action against companies that sold consumers on an equity accelerator program. Typically these programs make payments every two weeks instead of once a month and that gives people...

    • Posted July 29, 2015
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  • Did the CFPB Just Totally Blow Off CCCS and NFCC?

    I could not help but notice an absence of some familiar faces in an announcement by the Consumer Financial Protection Bureau (“CFPB”) today on financial education. The CFPB announced an inspired national project to help those most...

    • Posted July 30, 2014
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  • Government Agencies Request Banks Be Gentle With Borrowers

    The Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Consumer Financial Protection Bureau, Federal Deposit Insurance Corporation, and National Credit Union Administration are all asking banks and lenders to be...

    • Posted October 9, 2013
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  • Think You Might Owe the CFPB Money in Penalties? Read This.

    Tomorrow the CFPB will publish final rules regarding the collection of money owed to the Consumer Financial Protection Bureau. It is very possible that fines levied against companies and individuals will fall under the rules. With tougher...

    • Posted July 10, 2013
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  • August 2, 2013 is the Day for the New Debt Relief Industry

    I wrote extensively about the new coverage by the Consumer Financial Protection Bureau of rules that regulate the debt relief industry. See Here It Comes. CFPB Supervision of Debt Relief Industry and Credit Counseling. The new rules...

    • Posted July 4, 2013
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  • Obama or Romney: Which One is Better for Debtors

    With the 2012 presidential election coming up and the choice left to either sitting President Barack Obama or Republican nominee Mitt Romney, anyone concerned about their personal finances might want to look at the positions of the...

    • Posted September 4, 2012
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  • Debt Collectors and Credit Bureaus to Report to the Consumer Financial Protection Bureau

    The CFPB has just announced they will be rolling out new proposed rules that will regulate consumer debt collection and consumer reporting markets. Proposed rules would mark the first time these important markets would be subject to...

    • Posted February 16, 2012
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  • Will Proposed Government Programs Really Help Homeowners?

    by Cora Currier ProPublica The Obama administration has recently unveiled a string of proposals to help struggling homeowners and get the housing market back on its feet2014 part of the administration’s “We Can’t Wait” election year to-do...

    • Posted February 14, 2012
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  • FTC And CFPB Pledge To Work Together To Protect Consumers

    It was announced today that the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) have signed an agreement to coordinate efforts to protect consumers in an effort to avoid duplication of federal law enforcement...

    • Posted January 23, 2012
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  • CFPB Still Moving Ahead. Enforcement and Supervision Imminent.

    Yesterday was the last Congressional hearing I’m aware of prior to the July 21, official launch date for the Consumer Financial Protection Bureau (CFPB). There was tension that House Republicans would roll back the scope and authority...

    • Posted July 15, 2011
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  • Credit Counseling Against Registration of Debt Relief Providers? Huh?

    In what is another of the ultimate ironies of nonprofit charitable credit counseling, it appears that at least two trade associations feel nonprofit credit counselors should not have to participate in any national registration of debt relief...

    • Posted July 14, 2011
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  • CFPB is Looking for Public Comments on Debt Relief Industry

    Last week I had the pleasure of visiting the Consumer Finance Protection Bureau (CFPB) in Washington, DC. to meet with staff and attend a planning session. Elizabeth Warren started the meeting with an introduction and left the...

    • Posted July 11, 2011
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