CFPB-PR-240829-1 (Aug. 29, 2024) CFPB Orders NewDay USA to Pay $2.25 Million for Illegally Luring Veterans and Military Families into Cash-Out Refinance Loans – NewDay USA’s deceptive tactics came amid VA home loan “churning” scandal WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today took action against repeat offender New Day Financial (NewDay USA) for […]
Category: CFPB-2408
Consumer Financial Protection Bureau (CFPB-2408)
Press Releases, Consumer Alerts, and other Announcements
for the Month of August, 2024
CFPB-PR-240827-1 (Aug. 21, 2024) CFPB Report Finds Large Retail Chains Charging Cash-back Fees to Customers Using Debit and Prepaid Cards – Closures of banks have created conditions for major dollar store chains to charge for cash back WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) published a new report finding Americans are paying tens […]
CFPB-PR-240821-1 (Aug. 21, 2024) CFPB Takes Action Against Fay Servicing for Illegal Foreclosure Actions and Violating Law Enforcement Order – Order requires the mortgage servicer to pay $5 million in redress and penalties, and sets compensation limits on CEO Edward Fay WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today ordered Fay Servicing to pay a $2 […]
CFPB-PR-240818-1 (Aug. 18, 2024) Consumer Resources – Wherever you are on your financial journey, you can prepare yourself to make informed financial decisions with these resources. Date Accessed: Aug.18, 2024 Source URL: https://www.consumerfinance.gov/consumer-tools/ Categories: CFPB CFPB-24 CFPB-2408 Consumer Education PDF Notes: The PDF viewer below disables the links inside the PDF file. The PDF file […]
CFPB-PR-240813-1 (Aug. 13, 2024) CFPB Takes Action to Stop Contract-for-Deed Investors from Setting Borrowers Up to Fail – CFPB affirms that contracts for deed must comply with longstanding federal mortgage protections. Date: Aug. 13, 2024 Accessed: Aug. 26, 2024 Source URL: https://www.consumerfinance.gov/about-us/newsroom/cfpb-takes-action-to-stop-contract-for-deed-investors-from-setting-borrowers-up-to-fail/ Categories: CFTC CFTC-24 CFTC-2401 Contract-for-Deed Investing PDF Notes: The PDF viewer below disables […]
CFPB-PR-240808-1 (Aug. 8, 2024) CFPB Takes Action Against Credit Repair Cloud and CEO Daniel Rosen for Enabling Credit Repair Companies that Harvest Illegal Fees – Proposed order requires defendants to pay $3 million Date: Aug. 8, 2024 Accessed: Aug. 26, 2024 Source URL: https://www.consumerfinance.gov/about-us/newsroom/cfpb-takes-action-against-credit-repair-cloud-and-ceo-daniel-rosen-for-enabling-credit-repair-companies-that-harvest-illegal-fees/ Categories: CFTC CFTC-24 CFTC-2401 Credit Repair Cloud Junk Fees PDF Notes: […]
CFPB-PR-240807-1 (Aug. 7, 2024) CFPB Report Finds Lenders Cramming Markup Fees and Confusing Terms into Solar Energy Loans – Agency issues nationwide consumer advisory on predatory solar lending. Date: Aug. 7, 2024 Accessed: Aug. 26, 2024 Source URL: https://www.consumerfinance.gov/about-us/newsroom/cfpb-report-finds-lenders-cramming-markup-fees-and-confusing-terms-into-solar-energy-loans/ Categories: CFTC CFTC-24 CFTC-2401 Agency Reports Solar Energy Loans PDF Notes: The PDF viewer below disables […]
CFPB-PR-240802-1 (Aug. 2, 2024) CFPB Joins Federal Regulators to Propose Rule to Standardize Data Submitted to Federal Financial Agencies. Date: Aug. 2, 2024 Accessed: Aug. 26, 2024 Source URL: https://www.consumerfinance.gov/about-us/newsroom/cfpb-joins-federal-regulators-to-propose-rule-to-standardize-data-submitted-to-federal-financial-agencies/ Categories: CFTC CFTC-24 CFTC-2401 Agency Rules-Changes PDF Notes: The PDF viewer below disables the links inside the PDF file. The PDF file may be downloaded […]