When we take an enforcement action against an entity or person
we believe has violated the law, we will post court documents
and other related materials here.
The Bureau may enforce the law by filing an action in federal
district court or by initiating an administrative adjudication
proceeding. Administrative proceedings are conducted by an
Administrative Law Judge, who holds hearings and issues a
recommended decision. Proceedings are conducted in accordance with
the
Rules of Practice for Adjudication Proceedings.
On May 11, 2015, the Bureau filed a complaint against
Nationwide Biweekly Administration, Inc., Loan Payment
Administration LLC, and Daniel S. Lipsky alleging that
they engaged in abusive and deceptive acts and practices
in violation of the Consumer Financial Protection Act
(CFPA) and the Telemarketing Sales Rule (TSR) regarding a
mortgage payment product known as the “Interest Minimizer
Program,” or IM Program.
On April 29, 2015, the Bureau and the State of Maryland
filed a lawsuit against Genuine Title, LLC, a title
company, its principals, and several loan...
On April 28, 2015, the Bureau issued a consent order
against Regions Bank, which is headquartered in
Birmingham, Alabama, operates approximately 1,700 retail
branches and 2,000 ATMs across 16 states.
The Bureau and the Federal Trade Commission (FTC) took
action against Green Tree Servicing, LLC, for mistreating
mortgage borrowers who were trying to save...
CFPB took action against Fort Knox National Company and
its subsidiary, Military Assistance Company, for charging
servicemembers millions of dollars in...
The CFPB announced that, together with the Navajo Nation,
it is taking action against companies and individuals who
operated an illegal tax-refund scheme.
On April 9, 2015, the CFPB issued an order against RMK
Financial Corporation for deceptive mortgage advertising
practices and failure to comply with the...
CFPB took action against the National Corrective Group, a
nationwide debt collection operation and its chief
executive officer for using deceptive threats...
On March 26, 2015, the Bureau filed a complaint against a
group of individuals, their companies, and their service
providers alleging unlawful conduct related to a phantom
debt collection operation.
CFPB took action against three reverse mortgage lenders,
All Financial Services, Flagship Financial Group and
American Preferred Lending, for misleading...
CFPB took action against three reverse mortgage lenders,
All Financial Services, Flagship Financial Group and
American Preferred Lending, for misleading...
On February 10, 2015, the Bureau issued an order against
New Day Financial, LLC (NewDay), a Maryland-based, nonbank
mortgage lender owned by Chrysalis Holdings, a private
company focused on originating refinance mortgage loans
guaranteed by the United States Department of Veterans
Affairs.
CFPB ordered Continental Finance Company LLC, a subprime
credit card company based in Delaware, to refund an
estimated $2.7 million to approximately 98,000...
The CFPB and the Attorneys General of North Carolina and
Virginia took action today to protect military
servicemembers from illegal debt collection practices.
The CFPB took action to put an end to two student “debt
relief” scams that illegally tricked borrowers into paying
upfront fees for federal loan benefits.
The CFPB took action to put an end to two student “debt
relief” scams that illegally tricked borrowers into paying
upfront fees for federal loan benefits.
CFPB took action against a "buy-here, pay-here" car
dealer. DriveTime must pay $8,000,000 as a civil money
penalty, end its unfair debt collection tactics...
CFPB ordered a California mortgage lender, Franklin Loan
Corporation, to pay $730,000 for giving its employees
illegal bonuses for steering consumers into...
