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.
An indirect auto finance company and its car title subsidiary are in trouble with the feds for illegal debt collection tactics.
Fifth Third Bank has discriminated against some minority borrowers by marking up car loan rates.
Honda will pay $24 million in restitution and change its car loan practices as the result of discrimination against certain borrowers.
The main responsibilities of a payee are to use the benefits to pay for the current and foreseeable needs of the beneficiary and properly save any benefits not needed to meet current needs
The CFPB is working on a tool to help colleges strike deals with banks that don’t stick students with high fees and skimpy features.
The Consumer Financial Protection Bureau alleges Sprint collected hundreds of millions of dollars in unauthorized third-party charges from cell phone customers.
The CFPB has an unlikely supporter of its proposal for tighter prepaid card regulations — Green Dot, the issuer of one of the most recognized prepaid cards in the country.
There’s a loophole in the law that protects your bank debit card against errors, fraud and lost cards, and those protections don’t apply to most prepaid cards.