(CFPB-PR-241205.2) (12-05-24) CFPB Announces Return of $1.8 Billion in Illegal Junk Fees to 4.3 Million Americans Harmed in Massive Credit Repair Scheme – Payments to victims of Lexington Law and CreditRepair.com are the largest-ever distribution from the CFPB’s victims relief fund Excerpt: WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) is distributing $1.8 billion to […]
Category: CFPB-PR-2412
CFPB-PR-2412 – Press Releases in December, 2024 (GO)
(CFPB-PR-241205.1) (12-05-24) CFPB Takes Action Against Climb Credit and Investment Firm 1/0 for Deceiving Borrowers About Coding Bootcamps and Vocational Programs – Companies illegally lured students in with false promises of quality education and job placement success stories Excerpt: WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) took action against student lender Climb Credit […]
CFPB-PR-241204-2 (12-04-24) 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 […]
CFPB-PR-241204-1 (12-04-24) 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 […]
CFPB-PR-241203-1 (12-03-24) CFPB Proposes Rule to Stop Data Brokers from Selling Sensitive Personal Data to Scammers, Stalkers, and Spies – Rule seeks to protect Americans from crime and illegal foreign surveillance Excerpt: WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today proposed a rule to rein in data brokers that sell Americans’ sensitive personal and […]