CFPB-PR-241204-2 (12-04-24) (CFPB-PR-2412) CFPB Bans Student Loan Pro and Owner for Fee Harvesting Scheme – Company unlawfully charged upfront fees to borrowers for accessing free debt relief programs Excerpt: WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) took action to permanently ban Student Loan Pro and Judith Noh, its owner, from offering or providing consumer […]
Day: December 4, 2024
CFPB-PR-241204-1 (12-04-24) (CFPB-PR-2412) Agencies Issue Statement on Elder Financial Exploitation Excerpt: WASHINGTON, D.C. – Five federal financial regulatory agencies, the Financial Crimes Enforcement Network (FinCEN), and state financial regulators issued a statement (PDF 11-pages) today to provide supervised institutions with examples of risk management and other practices that may be effective in combatting elder financial exploitation. Older adults who […]
CFTC-PR-9011-24 (12-4-24) (CFTC-PR-2412) CFTC Releases FY 2024 Enforcement Results Obtains Record-Setting $17.1 Billion in Monetary Relief, Sanctions Excerpt: December 4, 2024 – WASHINGTON, D.C. — The Commodity Futures Trading Commission today announced record monetary relief of over $17.1 billion for fiscal year 2024. With the resolution of digital asset cases that resulted in the agency’s […]