#CFPB

#CFPB

The CFPB's settlement with Navient reinforces accountability in the student-loan industry and ensures millions of borrowers receive relief. [ more ]

Navient will pay $120 million to settle a lawsuit over misleading borrowers, with most funds aiding affected students. [ more ]

Navient has been permanently banned from servicing federal student loans after a $120 million settlement with the CFPB. [ more ]

The CFPB settled a lawsuit with Navient for mishandling student loan payments, leading to $100 million in relief for affected borrowers. [ more ]

Lambda School rebranded to BloomTech deceived students with deceptive Income Sharing Agreements (ISAs) portrayed as loans, resulting in penalties and debt relief for students. [ more ]

TD Bank fined $28 million for inaccurate consumer credit reporting that could harm consumers' financial reputations. [ more ]

CHLA advocates for revisions to CFPB's loss mitigation proposals to protect borrowers and support mortgage servicers.

Streamlining the loss mitigation processes is essential for the benefit of all parties involved in the housing market. [ more ]

NewDay USA misled borrowers about cash-out refinance loans, leading to penalties and consumer backlash. [ more ]

CFPB settles with Fay Servicing over illegal foreclosure practices, involving fines and compensation to affected customers. [ more ]

ABA opposes CFPB's proposal to ban medical debt from credit reports, citing concerns over authority, evidence, and potential negative impacts on financial stability. [ more ]

Regulators are investigating major U.S. banks regarding handling of customer funds on Zelle, focusing on scams and fraudulent transactions. [ more ]