Major Consumer Groups Sue Director of CFPB for Sucking Up to Financial Industry

The National Association of Consumer Advocates (NACA), United States Public Interest Research Group (USPIRG), and Professor Kathleen Engel have filed a complaint for declaratory and injunctive relief against Kathleen Kraninger as Director of the Consumer Financial Protection Bureau (CFPB). The issue alleged in the complaint is that the CFPB has stacked the deck when it … Read more

Does Moran Drexen’s Preferred Creditor Program Create a Problem for Consumers?

Last week new information in the lawsuit between Morgan Drexen and the CFPB brought to light a commission compensated department called the Preferred Creditor Program. You can read that article, here. At least one commenter mentioned Morgan Drexen is not the only company to have such a program. If not, then an industry wide problem … Read more