Within a little less than four weeks after the publication on March 30, by the Consumer Financial Protection Bureau (CFPB) of its nearly 900-page final rule related to small business data collection (the Final Rule) mandated by Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act), the Texas Bankers Association and Rio Bank filed suit in federal court in Texas against the CFPB and the agency's director.
The Office of the Attorney General (“OAG”) issues this consumer alert to help ensure that Texans are not deceived by companies appearing as though they may be government agencies.
The number of vacant homes in foreclosure is up for the fifth consecutive quarter, according to property data provider ATTOM’s second-quarter Vacant Property and Zombie Foreclosure Report.
Washington D.C., May 30, 2023 —
The Securities and Exchange Commission today announced its settlement with the former head of Wells Fargo & Co.’s Community Bank, Carrie L. Tolstedt, in which she has agreed to pay a $3 million penalty stemming from charges brought in 2020 for her role in allegedly misleading investors about the success of the Community Bank, Wells Fargo’s core business.
On May 15, the Pennsylvania attorney general announced a $11.4 million settlement with a rent-to-own lender and its subsidiaries accused of engaging in predatory practices targeting low-income borrowers and employing deceptive collection practices.
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