stay informed with the latest news and analysis from across the financial services industry.
Today, the CFPB issued a press release announcing that it filed two complaints and a proposed final judgment in federal court against Prime Credit, LLC, IMC Capital, LLC, Commercial Credit Consultants, and Park View [...]
On June 22, 2017, over 20 trade associations signed a joint letter to the Chairmen and Ranking members of the Senate and House Appropriations Committees urging Congress to pursue legislation that would allow a [...]
Earlier this month, the Treasury Department issued a report with recommendations designed to ease regulations imposed on the financial services industry by restructuring major provisions of the Dodd-Frank Act, which was passed in 2010 [...]
Last December, the CFPB released it Fall Unified Regulatory Agenda which outlined the Bureau’s regulatory priorities for the subsequent six months. In their semi-annual regulatory agenda, the CFPB set a February 2017 target to [...]
On Wednesday, a Wisconsin federal judge approved a $39 million judgment against a now-defunct mortgage assistance relief law firm. The settlement resolves CFPB claims that The Mortgage Law Group LLP took advantage of struggling [...]
A California federal jury found Tuesday that TransUnion, one of the nation’s three largest credit reporting agencies, violated the Fair Credit Reporting Act (FCRA) when it incorrectly conflated a class of consumers with similarly [...]