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Fifth Third Bank Sued By CFPB Over Fake Accounts

PYMNTS

The consumer agency further alleges that, despite knowing since at least 2008 that employees were opening unauthorized consumer-financial accounts, Fifth Third took insufficient steps to detect and stop the conduct and to identify and remediate harmed consumers.

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CFPB Sues Student Loan Servicer Navient

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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 Gets Green Light To Investigate Tribal Lenders

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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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The CFPB Comes Out Swinging In 2017

PYMNTS

The now-sitting Trump administration has made no secret that it is no fan of the Dodd-Frank legislation that enables the Consumer Finance Protection Bureau to exist, and the Bureau itself has drawn the critical ire of the new President. Most of those consumers could have been better served by income-tethered loans instead.

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