Toyota received big fines from the CFPB and DOJ and will change its car loan practices as a result of earlier discrimination.
The CFPB recently fined a “buy here, pay here” car dealer for abusive financing schemes, hiding auto finance charges and misleading consumers.
The CFPB says, “When employees choose a lump-sum payout instead of a monthly pension payment, the responsibility for managing and investing the pension money shifts from the employer to the employee.
The CFPB has developed a retirement planning tool that shows consumers the financial impact of when they decide to claim Social Security benefits.
An indirect auto finance company and its car title subsidiary are in trouble with the feds for illegal debt collection tactics.
The CFPB says more than a quarter of borrowers submit complaints about their mortgage, making it the most-complained-about financial product.
The 2 firms must refund more than $60 million to customers and pay nearly $20 million in penalties over their debt collection practices.
The Consumer Financial Protection Bureau says credit report complaints to the agency increased 56% between June and July.
The Consumer Financial Protection Bureau is publishing guides to help family fiduciaries act in the best interest of their loved ones. Its new guide is geared to Virginians.
Two of the nation’s largest financial institutions have discontinued their home equity loan products.