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.
Morning Docket: 11.30.23
Supreme Court may eliminate SEC in-house enforcement
CFPB warns about AI concentration of power
State insurance authorities investigating discriminatory AI decisions
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.