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Consumer Reports Financial Services Industry Regulatory Violations

Troutman Pepper

FTC Permanently Bans Entities Behind Credit Repair Pyramid Scheme

Troutman Pepper on

The Federal Trade Commission (FTC) recently announced that it has filed proposed orders against the owners and operators of Financial Education Services (FES), a credit repair operation accused of running a pyramid scheme and...more

Ballard Spahr LLP

CFPB files lawsuit against companies and individuals involved in offering student debt relief services

Ballard Spahr LLP on

The CFPB filed a complaint last week in a California federal district court against several companies and individuals involved in offering student loan debt relief services for allegedly obtaining consumer reports unlawfully,...more

Womble Bond Dickinson

Reasonable Investigation Under FCRA: Two Times Might Not Be a Charm

Womble Bond Dickinson on

Ponder v. Ocwen Loan Serv., LLC, 2018 WL 4474635 (N.D. Ga. July 30, 2018) is a reminder to furnishers of information to consumer reporting agencies to conduct a reasonable investigation of any reported errors the first time...more

Ballard Spahr LLP

CFPB announces consent order with State Farm Bank to settle alleged violations related to furnishing consumer report information...

Ballard Spahr LLP on

At the end of last week, the CFPB announced that it had entered into a consent order with State Farm Bank, FSB to settle allegations that the Bank violated the Fair Credit Reporting Act...more

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