Wells Fargo Hires Two CFPB Experts on Mortgage Rules
Two officials of the Consumer Financial Protection Bureau who played important roles in shaping the new mortgage rules have joined Wells Fargo.
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A federal judge approved a class-action settlement against a law firm and collection agency for alleged Fair Debt Collection Practices Act violations. more »
Collection agency AllianceOne Receivables Management agreed to pay a civil penalty in North Carolina to refund processing fees customers in the state submitted along with monthly payments. more »
Illinois Attorney General Lisa Madigan has sued four online payday lenders and a loan lead generator promoted by talk show host Montel Williams. more »
WASHINGTON — Regulators slammed Bank of America on Wednesday with their toughest enforcement action to date on shady marketing and billing practices for add-on products like identity protection, forcing it to pay $772 million in restitution and fines. more »
Two companies that operated as consumer-reporting agencies settled charges on Wednesday that they violated the Fair Credit Reporting Act. more »
WASHINGTON — Bank of America will pay $772 million to settle allegations by two regulators that it engaged in unfair fee collection and marketing related to credit card add-on products. more »
A debt settlement company and its owner on Tuesday pleaded guilty in federal court to mail and wire fraud charges. Money bilked from 1,200 people helped pay nightclub expenses, luxury car leases and credit card bills. more »
Legislation in Louisiana aimed at making payday loans cheaper for borrowers failed Monday in a House committee. more »
The payday loan business — loathed by some, misunderstood in others' eyes — stands on the verge of its biggest shake-up ever. more »
U.S. attorneys general launched a multistate investigation into a data breach at a subsidiary of Experian that gave criminals access to consumers' bank account, Social Security and drivers' license numbers. more »
The two principal owners of Rincon Debt Management will surrender more than $3.3 million to settle charges related to a debt collection scheme. more »
Two West Virginia auto loan companies settled complaints over their debt collection practices. more »

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