The CFPB will distribute over $95 million in redress to over 87,000 consumers harmed by Consumer Advocacy Center Inc., d/b/a Premier Student Loan Center, and related companies (Premier). Premier operated its student loan debt relief enterprise through multiple corporate entities and under multiple names, including co-defendants True Count Staffing Inc., d/b/a SL Account Management; and Prime Consulting LLC, d/b/a Financial Preparation Services.
On December 1, the Connecticut Department of Banking issued a cease and desist order to the Law Offices of David M. Katz mandating the law firm cease conducting collection activities in the state without a license. The law firm was also fined $100,000, the maximum allowed by law.
– The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) today published updated loan-level data for public use collected through the National Survey of Mortgage Originations (NSMO). The data also provide updated mortgage performance and credit information for a nationally representative sample of mortgage borrowers from 2013 to 2020.
Nearly 90% of Americans are concerned that crypto and fintech companies aren’t held to the same regulatory standards as traditional banks, according to a Consumer Bankers Association (CBA) survey released Tuesday.
U.S. household income declined this summer for the third straight quarter as stock prices fell. That's according to the Federal Reserve's latest Financial Accounts of the United States report, which showed that the net worth of the country's households and non-profits dropped to $143.3 trillion in this year's third quarter.
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