BOSTON — Attorney General Andrea Joy Campbell has announced a $8.75 million settlement, via an assurance of discontinuance (AOD), with Rent-A-Center (RAC), to resolve allegations that the company engaged in a pattern of unfair and deceptive business practices against consumers in violation of state consumer protection laws.
The Consumer Financial Protection Bureau has failed to account for credit unions’ mission and structure in its activities, a trend that has continued under Director Rohit Chopra, CUNA and NAFCU wrote to the Senate Banking, Housing, and Urban Affairs Committee. Chopra will testify before the committee Thursday.
HAUPPAUGE, NY (November 30, 2023) — Teachers Federal Credit Union, one of the largest credit unions in the United States with $9.7 billion assets and more than 470,000 members, is celebrating Giving Tuesday with the launch of its annual Season of Giving campaign, pledging $50,000 to three remarkable non-profit organizations – Memorial Sloan Kettering Cancer Center, Ronald McDonald House, and Tunnel to Towers Foundation.
I am pleased to share that the CFPB has reached important milestones on critical priorities, including personal financial data rights and credit reporting, while continuing to enforce the law and deliver results for consumers and law-abiding businesses. Today, I will share some observations about household financial stability and highlight our progress on important areas of work.
The Consumer Financial Protection Bureau (CFPB) sends 20,000 complaints to companies for responses every week. “I am proud of the CFPB’s work in getting consumers the resolutions they deserve, often through referrals from local organizations, Congressional offices and many others,” CFPB Director Rohit Chopra said Thursday (Nov. 30) in his opening statement during the bureau’s Semiannual Report to Congress.
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