On July 9, 2024, the Consumer Financial Protection Bureau issued a consent order against a nationally chartered bank that, among other things, includes a number of allegations related to the bank's policies regarding...more
9/3/2024
/ Automotive Loans ,
Banks ,
Call Centers ,
Collateral ,
Consent Order ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Reports ,
Enforcement Actions ,
Financial Services Industry ,
Force-Placed Insurance ,
Loan Agreements ,
Policies and Procedures
On March 28, Rohit Chopra, the director of the Consumer Financial Protection Bureau, gave a speech at the University of Pennsylvania Law School titled "Reigning in Repeat Offenders." The gist of the speech was that certain...more
On January 26, the Consumer Financial Protection Bureau issued a "Request for Information Regarding Fees Imposed by Providers of Consumer Financial Products or Services." In a contemporaneous statement, CFPB Director Rohit...more
On September 1, 2021, the Commonwealth of Massachusetts, through the Massachusetts attorney general, entered into a settlement agreement and related Assurance of Discontinuance with a sales finance company. The AOD identifies...more