A broker agreed to pay roughly $275,000 to settle allegations related to pension scams in a proposed consent order with the CFPB and the Arkansas State Attorney General.
Equifax agreed to pay up to $700 million to settle federal and state claims regarding its massive 2017 data breach. Consumers can file claims to receive cash reimbursement of up to $20,000 per consumer.
The CFPB updated its 2016 advisory notice on elder financial abuse. Though the recommendations are voluntary, companies that fail to comply might become targets of enforcement actions, attorneys warned.
There has been a huge decline in enforcement actions and civil money penalties imposed by the CFPB in the first six months of 2019. What does this say about the bureau’s enforcement trend?
Mortgage servicers said there was no decrease in state examinations of fair servicing and, in fact, states' new focus is on the disparate-impact theory.
The Structured Finance Industry Group wants the CFPB to reconsider its decision to take action against securitization trusts for the wrongdoing of independent student loan servicers.