CFPB Fines Navy Federal $28.5M for Improper Debt Collection Practices
The Consumer Financial Protection Bureau today ordered Navy Federal Credit Union -- the nation’s largest credit union -- to pay ...
Tag: Debt collection
CFPB Issues Proposals for Regulating Debt Collection
The Consumer Financial Protection Bureau today issued an outline of proposals under consideration for updating the Fair Debt Collection Practices ...
ABA: FCC Undermines Congress on Debt Restructuring Robocalls
ABA and the Consumer Bankers Association today challenged the Federal Communications Commission’s proposed rule regarding robocalls made to collect debts ...
Arbitration, Overdraft, Mortgages, Business Loans on CFPB Radar
Arbitration, mortgages, small business lending and small-dollar loans are among the Consumer Financial Protection Bureau’s policy priorities over the next ...
CFPB Updates Rulemaking Agenda for 2015-16
The Consumer Financial Protection Bureau today updated its rulemaking agenda for the remainder of 2015 and into 2016.
FTC Files Amicus Brief Criticizing 11th Circuit’s Interpretation of ‘Debt Collector’ Under FDCPA
The Eleventh Circuit’s ruling creates a circuit split with the Third, Seventh, and Sixth Circuits through which these circuits held ...
Second Circuit Denies Rehearing in Third Party Debt Collector Preemption Case
The Second Circuit’s ruling does not apply where a non-bank entity is acting as an agent for the bank or ...
Servicing Rule Compliance Lapses Are Focus of CFPB Report
The Consumer Financial Protection Bureau yesterday issued a “Supervisory Highlights” report that outlined several areas of concern its examiners have ...
Fifth Circuit Rules Texas Debt Collection Statute Not Preempted by HOLA
A Fifth Circuit ruling in Barzelis v. Flagstar Bank F.S.B. will raise questions about how to define a “borrower” under ...
CFPB Lawsuit Targets Payment Processors
The Consumer Financial Protection Bureau yesterday announced it had filed a lawsuit against several individuals and companies involved in what ...
