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Home » Topics » Inside the CFPB » Enforcement

Enforcement
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Court Orders Payday Lender to Comply with CFPB’s $50M Fine

August 16, 2021
Lisa Burden
A Kansas district court asks Integrity Advance and its CEO James Carnes to pay more than $50 million in restitution and fees while the case is still on appeal in the 10th Circuit.
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House Republicans Seek Answers from Uejio, Slam Chopra

July 19, 2021
Lisa Burden
Capitol Hill Republicans want CFPB Acting Director Dave Uejio to testify before Congress about the policy actions undertaken during his six-month tenure.
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The ‘Should Lenders Self-Report Violations’ Debate Continues

July 19, 2021
Lisa Burden
Nanci Weissgold, a compliance attorney, said there’s no “one-size-fits-all” answer to whether a company should self-report violations.
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Other News in Brief

July 19, 2021
Lisa Burden
Patrice Ficklin appointed to interagency mortgage appraisal task force; Maine updates mortgage servicer definition; states take action on RON; GreenSky to refund $9 million in unauthorized loans.
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CFPB Files First Enforcement Action Under Biden, Sues Libre

March 1, 2021
Lisa Burden
In keeping with its stated priority of addressing discrimination, the CFPB recently sued bail bond company Libre for allegedly preying on immigrants held in federal detention centers.
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LendUp Loans Agrees to $1.25 Million Settlement

February 1, 2021
Lisa Burden
The CFPB had charged the Oakland, CA-based online lender with various violations under the Military Lending Act.
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Compliance Could Get Tougher for Mortgage Firms in 2021

January 4, 2021
Yemeng Yang
One of the biggest issues mortgage lenders will face is implementing changes to the general qualified-mortgage rule, which has a mandatory compliance date of July 2021.
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FTC Goes After Mortgage Data Company Ascension

January 4, 2021
Yemeng Yang
The Federal Trade Commission voted 3-1-1 to fine Texas-based Ascension Data & Analytics for failure to ensure its vendor was adequately securing consumers’ personal data.
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CFPB Ends 2020 With Three Enforcement Settlements

January 4, 2021
Yemeng Yang
Discover Bank has agreed to pay $35 million to settle student loan violations while Santander Consumer USA was fined $4.75 million for credit reporting miscues tied to auto loans.
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Seterus Fined $5.4M for Loss-Mitigation Failures

December 21, 2020
Yemeng Yang
According to the CFPB, from 2014 to 2018, Seterus failed to handle and process homeowners’ applications for loss-mitigation options. The mortgage servicer was acquired from IBM by Mr. Cooper in 2019.
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