Chester County News and Community Website
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) is taking action against Freedom Mortgage Corporation, a major mortgage lender, for repeatedly submitting error-filled mortgage loan data to federal regulators. …
CFPB Seeks $3.95 Million Penalty from Freedom Mortgage for Inaccurate Data Reporting Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has taken significant steps to hold James R. Carnes and Melissa C. Carnes accountable for their attempt to avoid paying restitution …
CFPB Reaches Settlement with Couple Over Fraudulent Transfers Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) is moving forward with a proposed regulation designed to eliminate medical bills from a significant portion of credit reports. This significant …
CFPB Advances Proposal to Exclude Medical Debts from Credit Reports: A Catalyst for Higher Credit Scores and Loan Approvals Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has finalized a rule defining the qualifications for recognized industry standard-setting bodies. These bodies will issue standards that companies can use …
CFPB Finalizes Rule to Ensure Fair Industry Standards in Open Banking Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently issued a strong warning against using unlawful or unenforceable terms in contracts for consumer financial products. This move targets companies …
CFPB Warns Against Unlawful Fine Print in Consumer Contracts Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has finalized a rule to create a registry aimed at detecting and deterring corporate offenders who violate consumer laws. This new …
New CFPB Rule Targets Corporate Misconduct, Establishes Registry for Offenders Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has made news by suing student loan service provider Pennsylvania Higher Education Assistance Agency (PHEAA), operating as American Education Services (AES). …
Student Loan Giant PHEAA Sued by CFPB for Harmful Practices: An Unraveling Saga Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has initiated a public inquiry into the mounting junk fees that are elevating mortgage closing costs. The bureau aims to uncover …
CFPB Launches Inquiry Into Rising Mortgage Closing Costs and Junk Fees Read More
WASHINGTON, D.C. — In a significant shift, the Consumer Financial Protection Bureau (CFPB) recently ruled that Buy Now, Pay Later lenders are credit card providers according to the law. This …
“Buy Now, Pay Later” No Longer the Wild West: CFPB Rules Lenders Must Provide Full Credit Card Protections Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has taken decisive action against Western Benefits Group, a company based in Pleasanton, California, for charging illegal advance fees for student …
CFPB Shuts Down Western Benefits Group for Illegal Student Loan Fees Read More