WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the issuance of a prohibition order and a $17 million civil money penalty by consent against Carrie Tolstedt, former head of Wells Fargo Bank, N.A.’s Community Bank, for her role in systemic sales practices misconduct.
The Consumer Financial Protection Bureau (CFPB) has released a special edition of its Supervisory Highlights that reports on unlawful junk fees uncovered in the mortgage servicing space, student loans, payday lending, and in financial institutions via deposit accounts. As described in the Supervisory Highlights, the CFPB continues rooting unlawful fees out of consumer financial markets.
When Americans have medical debt, it's typically to a hospital, according to new research. The Urban Institute found that more than 15% of non-elderly adults in the United States have past-due medical debt. Nearly 73% owe some or all of that money to hospitals.
The Oregon Legislature is considering a wage garnishment bill that had its first hearing in a House committee this month, including testimony from ACA International CEO Scott Purcell and Oregon Collectors Association Lobbyist Matt Markee, president of Markee & Associates.
On February 28, 2023, the Federal Trade Commission (“FTC”) and Consumer Financial Protection Bureau (“CFPB”) issued a Request for Information (“RFI”) seeking public comment on background screening issues affecting rental housing applicants and tenants in the United States.
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