We Represent Consumers In Cases Against Robocallers, Telemarketers, Debt Collectors, Financial Institutions And Credit Bureaus.
CreditLaw.com
Archive for 'CFPB'
CFPB Considers Suing Student Loan Giant Navient For Cheating Borrowers
Federal regulators are considering suing Navient Corp., the nation’s largest student loan company, for allegedly cheating borrowers, the company said Monday. The Consumer Financial Protection Bureau, which has been investigating the company for nearly two years, sent Navient a letter...
Read MoreCFPB Reports 88,300 Debt Collection Complaints in 2014
The Consumer Financial Protection Bureau (CFPB) has released its 2015 Annual Report, providing an in-depth look at the thousands of consumer complaints received by the Bureau in 2014. A staggering 88,300 complaints, 35% of those made to the CFPB, related to...
Read MoreCourt Allows Class Action Accusing Collector, Law Firm of ‘Sewer Service’
Reuters reports that, last month, over 100,000 potential plaintiffs were permitted to pursue a class action against a New York-based debt collector and law firm. The claim is that both Leucadia National Corp and the Mel S. Harris law firm were using...
Read MoreCFPB Called Upon to Toughen Payday Loan Standards
In a recent opinion piece for the New York Times, Executive Vice President and Director of Federal Policy at the Center for Responsible Lending, Gary Kalman, calls upon the Consumer Financial Protection Bureau (CFPB) to crack down on standards for payday...
Read MoreObama Admin Seeks to Expand MLA, Reduce Predatory Lending
The Obama Administration and the U.S. Department of Defense (DoD) are aiming to curtail predatory lending practices by expanding the protections offered to active service members and their families. These actions are intended to broaden the Military Lending Act (MLA), crushing...
Read MoreCFPB Pursues Georgia Firm for “Cookie-Cutter” Debt Collection Lawsuits
Imagine having paid-off a debt only to receive a legal notice years down the line insisting you owe more money. That’s what happened to Eduardo Austin of Atlanta, GA, who paid off a $2,400 credit card bill only to discover...
Read MoreCFPB Issues New Rules for Supervising Debt Collectors
The Consumer Financial Protection Bureau on Tuesday unveiled new rules for supervising large debt-collection firms, marking the first time that industry will be subject to federal oversight. Starting Jan. 2, the government watchdog will regulate 175 debt-collection firms that each...
Read More
