Delayed Refunds Costs Chime Financial $5M
The Consumer Financial Protection Bureau (CFPB) yesterday announced an enforcement action against Chime Financial, a San Francisco-based fintech company, for ...
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Tag: Enforcement Action
CFPB Assesses $5M in Fines and Penalties Over Student Loan Servicing Issues
The Consumer Financial Protection Bureau yesterday announced an enforcement action against the National Collegiate Student Loan Trusts (NCSLT) and Pennsylvania ...
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Payment Processor to Pay $10M to Settle Claims with FTC, Barred from Working with Collectors, Debt Relief Companies
The Federal Trade Commission has taken legal action against a payment processing company and two of its former executives, accusing ...
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DFPI Fines Student Loan Servicer for Delivering Report 17 Days Late
The California Department of Financial Protection and Innovation announced yesterday it had entered into a consent order with one of ...
Read moreDetailsCFPB Fines Vocational School for Deceiving Students, Hiding Finance Charges
The Consumer Financial Protection Bureau yesterday announced an enforcement action against a for-profit vocational school accused of deceiving students about ...
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Pathward Bank to Pay $700k in Fines, Penalties For Seizing Funds Paid to Debt Collectors
The Attorney General of New York yesterday announced that a financial institution will pay $700,000 in fines and penalties for ...
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Mass. AG Seeks Injunction Against Debt Buyer, Collection Operation To Halt ‘Deceptive’ Practices
The Attorney General of Massachusetts is seeking a preliminary injunction against a number of companies owned by the same individual ...
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Collection Firm to Pay $655K in Restitution, Fines For Not Filing Satisfactions of Judgment on Time
The Attorney General of New York yesterday announced an Assurance of Discontinuance with a collection law firm and its subsidiary ...
Read moreDetailsDFPI Fines Fintech Company $2.5M For Faulty Complaint Handling
The California Department of Financial Protection & Innovation has fined a fintech company $2.5 million for not responding to consumer ...
Read moreDetailsCFFP Reaches $12M Settlement With Foreclosure Relief Scammers, 10 Years After Filing Lawsuit
The Consumer Financial Protection Bureau yesterday announced a settlement in an enforcement action that started nearly a decade ago which ...
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