PYMNTS

MARCH 10, 2020

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Cincinnati-based Fifth Third Bancorp alleging that employees opened accounts for customers without their consent in an effort to reach sales targets, according to reports on Tuesday (March 10). The CFPB filed a complaint with the U.S.

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CFPB Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency Accounts 67

PYMNTS

JANUARY 19, 2017

The Consumer Financial Protection Bureau (CFPB) announced yesterday (Jan. The CFPB suit alleges that Navient, formerly part of Sallie Mae, has been in violation of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Fair Credit Reporting Act and the Fair Debt Collections Practices Act.

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CFPB Consumer Financial Protection Bureau (CFPB) Enrollments Consumer Protection 40

PYMNTS

JANUARY 24, 2017

According to a report , a Ninth Circuit of Appeals panel ruled online lenders Great Plains Lending, MobiLoans and Plain Green, all of which offer payday loans and installment loans, have to comply with the demands of the CFPB in its civil investigation. Rawlinson wrote in a 20-page opinion in the case, CFPB v.

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CFPB Enrollments Rules Consumer Protection 40

PYMNTS

JULY 15, 2016

“Santander tricked consumers into signing up for an overdraft service they didn’t want and charged them fees,” said CFPB Director Richard Cordray in announcing the fine. Santander’s telemarketer used deceptive sales pitches to mislead customers into enrolling in overdraft service. Customers were charged $35 per overdraft.

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CFPB Enrollments Debit Card ATM 40

PYMNTS

JANUARY 24, 2017

House Republicans have spent most of their waking hours not dedicated to hating the ACA on hating the CFPB for the last several years. Of course, depending on what happens with a new report put together by the Republican staffers of the House Financial Services Committee, that end date may be a bit sooner than the CFPB is currently thinking.

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CFPB Underwriting Enrollments Laws 40