On June 18, 2024, the Consumer Financial Protection Bureau (CFPB or Bureau) announced that it has entered into consent orders with two companies totaling $16.5 million in civil penalties and consumer redress,...more
7/1/2024
/ Civil Monetary Penalty ,
Consent Order ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Enforcement Actions ,
Mortgage Servicers ,
Mortgages ,
Redress Payments ,
RESPA ,
Reverse Mortgages
On May 17, 2024, the Federal Deposit Insurance Corporation (FDIC) announced a settlement with an Arkansas bank and nine of its employees, resolving allegations that the bank and the employees violated Section 5 of the...more
5/28/2024
/ Banks ,
Civil Monetary Penalty ,
Fair Credit Reporting Act (FCRA) ,
FDIC ,
Financial Services Industry ,
FTC Act ,
HMDA ,
Misrepresentation ,
Mortgages ,
RESPA ,
Section 5 ,
Settlement ,
Veterans Administration