The CFPB recently released a final report issued by the Small Business Review Panel (Panel), which examines the impact of the Bureau’s proposals to address consumers’ personal financial data rights.
On Wednesday, April 26, 2023, the Consumer Financial Protection Bureau (CFPB) will visit Brooklyn, New York, where Director Rohit Chopra will host a discussion with local community organizations, advocates, leaders, and members of the public about “zombie” second mortgages — debts that consumers thought were satisfied long ago by loan modifications or bankruptcy proceedings or that were written off by lenders as uncollectable — and other debt collection issues.
State lawmakers are moving to get police out of the business of being repossession workers for auto dealers and title loan companies. Legislation given preliminary approval Wednesday by the Senate would repeal laws that make it a crime to fail to return a motor vehicle after having skipped payments.
The Federal Trade Commission has acted to stop Nexway, a multinational payment processing company, along with its CEO and chief strategy officer, from serving as a facilitator for the tech support scammers through credit card laundering. The defendants in the case have agreed to proposed court orders that prohibit them from any further payment laundering and require them to closely monitor other high-risk clients for illegal activity. The complaint and proposed orders were filed by the U.S. Department of Justice on behalf of the FTC.
Following a thorough investigation, the U.S. Department of Education’s office of Federal Student Aid (FSA) informed Florida Career College (FCC) today that its application to continue to participate in the federal student aid programs has been denied. FCC’s application was denied based upon evidence demonstrating:
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