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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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CA Department of Business Oversight Sues Debt Repayment Service for Alleged Excessive Fees and Unlicensed Operations

California Department of Business Oversight  •  UDAP/UDAAP
On Friday, May 15, 2015, the California Department of Business Oversight (DBO) announced that it filed a complaint in state court against an Ohio-based biweekly debt repayment firm and allegedly associated entities (collectively “Defendants”) claiming certain violations […]

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