On December 6, 2016, the Federal Reserve Board announced that it entered into a consent order with a Pennsylvania bank ordering it to cease and desist deceptive student lending practices, and assessing millions of dollars in civil […]View More
On November 1, the Federal Trade Commission (FTC) and Illinois Attorney General’s Office (Illinois AG) announced (here and here) that they had reached a settlement to resolve a joint action brought against affiliated Chicago-based debt collectors that allegedly […]View More
On September 20, the Federal Trade Commission (FTC) announced that the U.S. District Court for the Central District of California entered summary judgment against two law firms and two individuals for their participation in an allegedly fraudulent mortgage relief scheme. […]View More
Goodwin released its Consumer Finance 2016 Year In Review. In the Year In Review, Goodwin synthesizes prior coverage from the LenderLaw Watch and Consumer Finance Watch blogs, covering the most significant developments from 2016 and offering some […]View More
Today’s WSJ Pro Market Talk: Daily Analysis Roundup featured an article titled “3Q Enforcement Actions vs. Consumer Financial Firms Fell,” which cites data reported on by Enforcement Watch: During the July-September quarter, federal and state regulators […]View More
On October 19, 2016 the U.S. Attorney’s Office (USAO) announced that it had settled with a Massachusetts-based mortgage lender and its CEO for $1,025,000 to resolve allegations that the mortgage lender submitted false insurance claims on mortgages insured […]View More
On October 19, 2016, Mississippi Attorney General (AG) Jim Hood announced that “the nation’s three major credit reporting agencies will overhaul their business practices and two of the agencies will offer Mississippians unlimited access to […]View More
Click here to check out the latest article from LenderLaw Watch – DC Court of Appeals Rules CFPB Director’s “For-Cause Only” Removal Unconstitutional; Reinforces Long-Standing RESPA Interpretation. The article analyzes yesterday’s decision by the United […]View More
On September 29, the U.S. Department of Justice (DOJ) announced that it had secured a settlement from a national lender, resolving allegations that the lender violated the False Claims Act, Program Fraud Civil Remedies Act, and […]View More
On September 29, the U.S. Department of Justice (DOJ) announced that it had entered into a consent order with a national bank over allegations that the bank had engaged in unlawful debt collection practices, in violation […]View More
