The Government Wants to Protect Robux From Hackers
The CFPB proposed new protections for gamers against scams and unauthorized transactions involving virtual currencies like Robux, interpreting the EFTA to include these digital assets.
New CFPB report looks at reverse mortgage activity in 2023
Top lenders dominate reverse mortgage market, comprising 88.6% of originations according to CFPB's 2023 report.
CFPB data highlights focus is primarily on HECM, while proprietary mortgages are gaining traction.
CFPB sues Rocket,The Jason Mitchell Group overRESPA violations
Rocket Homes is accused of a kickback scheme violating RESPA by directing clients to its affiliated companies.
The lawsuit also implicates The Jason Mitchell Group for participating in the alleged unethical practices.
CFPB seeks settlement in Townstone Financial redlining dispute
The CFPB seeks a settlement with Townstone Financial for discriminatory lending practices and redlining, pressing for compliance with the Equal Credit Opportunity Act.
Fairway, accused of redlining in Alabama, agrees to settle for $1.9M
Fairway Independent Mortgage Corp. settles allegations of lending discrimination, agreeing to pay $1.9 million and invest $7 million in majority-Black neighborhoods.
CFPB seeks settlement in Townstone Financial redlining dispute
The CFPB seeks a settlement with Townstone Financial for discriminatory lending practices and redlining, pressing for compliance with the Equal Credit Opportunity Act.
Fairway, accused of redlining in Alabama, agrees to settle for $1.9M
Fairway Independent Mortgage Corp. settles allegations of lending discrimination, agreeing to pay $1.9 million and invest $7 million in majority-Black neighborhoods.
Student-loan companies that don't do their jobs should be fired, Elizabeth Warren says. Her next target is one that manages 8 million borrowers.
The CFPB's settlement with Navient reinforces accountability in the student-loan industry and ensures millions of borrowers receive relief.
Student-loan borrowers are getting $100 million in payments after being 'cheated' out of lower bills by a major lender, a federal consumer watchdog says
The CFPB settled a lawsuit with Navient for mishandling student loan payments, leading to $100 million in relief for affected borrowers.
Student-loan companies that don't do their jobs should be fired, Elizabeth Warren says. Her next target is one that manages 8 million borrowers.
The CFPB's settlement with Navient reinforces accountability in the student-loan industry and ensures millions of borrowers receive relief.
Student-loan borrowers are getting $100 million in payments after being 'cheated' out of lower bills by a major lender, a federal consumer watchdog says
The CFPB settled a lawsuit with Navient for mishandling student loan payments, leading to $100 million in relief for affected borrowers.
SEC v. Jarkesy: Another 5th Circuit Decision Under Supreme Court Scrutiny
The Supreme Court is closely monitoring 5th Circuit decisions, particularly in cases involving administrative agencies like the CFPB and SEC.
How Appealing Weekly Roundup
The Ninth Circuit takes on California firearms ban challenge, potential recusal divides CFPB and industry, and calls for greater financial disclosures for amicus briefs.
SEC v. Jarkesy: Another 5th Circuit Decision Under Supreme Court Scrutiny
The Supreme Court is closely monitoring 5th Circuit decisions, particularly in cases involving administrative agencies like the CFPB and SEC.
How Appealing Weekly Roundup
The Ninth Circuit takes on California firearms ban challenge, potential recusal divides CFPB and industry, and calls for greater financial disclosures for amicus briefs.
SF school, founder fined $164,000 for allegedly tricking students
BloomTech (formerly Lambda School) fined for misleading students and hiding true nature of income share agreements.
Coding bootcamp Lambda School - now BloomTech - is finally getting punished
Lambda School rebranded to BloomTech deceived students with deceptive Income Sharing Agreements (ISAs) portrayed as loans, resulting in penalties and debt relief for students.
SF school, founder fined $164,000 for allegedly tricking students
BloomTech (formerly Lambda School) fined for misleading students and hiding true nature of income share agreements.
Coding bootcamp Lambda School - now BloomTech - is finally getting punished
Lambda School rebranded to BloomTech deceived students with deceptive Income Sharing Agreements (ISAs) portrayed as loans, resulting in penalties and debt relief for students.
Online Games Act Like Unregulated Banks, And The US Gov't Has Noticed
Video games act as pseudo-banks for kids with in-app purchases and digital currencies.
CFPB is monitoring video games turning into online banks for players, especially children.
CFPB turns rulemaking eye toward AI use in automated home appraisals
The CFPB approved a new rule targeting algorithms and AI in home valuations to ensure accuracy and prevent discrimination in the appraisal process.
SCOTUS Deals a Blow to Medical Debt Collectors - MedCity News
The U.S. Supreme Court ruled in favor of CFPB's ability to continue receiving funds through the Federal Reserve, ensuring its ability to protect consumers from aggressive medical debt collectors.