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Dodd-Frank

CFPB Files Complaints Against Credit Repair Companies for Charging Illegal Fees and Misleading Consumers

CFPA  •  CFPB  •  Credit Cards  •  Credit Reporting  •  Dodd-Frank
On June 27, 2017, the Consumer Financial Protection Bureau (CFPB) announced​ that it filed two complaints and proposed final judgments against four California-based credit repair companies for misleading consumers and charging illegal fees. The CFPB alleged that the […]

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CFPB Takes Action Against Companies for Unfair Billing of Credit Card Add-On Products and Services

Credit Cards  •  Dodd-Frank  •  UDAP/UDAAP
The Consumer Financial Protection Bureau (“CFPB”) took action against two credit card vendors, entering into proposed consent orders regarding the companies’ offerings of allegedly unlawful add-on products.  Credit card companies offer consumers “add-on” services, such as […]

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