Twenty-four supervisory actions were taken by the Federal Deposit Insurance Corp. (FDIC) in September – including eight consent orders against persons affiliated with one Pennsylvania bank – the agency reported last week. The consent orders […]
A Missouri bank has been order to pay $5 million in restitution to nearly 21,000 consumers for deceptive marketing practices related to transferring the balance of credit cards, the Federal Reserve said Thursday. The Fed […]
A policy statement issued four years ago as guidance by federal banking agencies about “leveraged lending” is a “rule” subject to the requirements of the Congressional Review Act (CRA), the Government Accountability Office (GAO) wrote […]
Two debt relief companies that allegedly claimed falsely that they are affiliated with the federal government were sued Thursday by the Consumer Financial Protection Bureau (CFPB). The bureau also alleged that the companies falsely promised […]
Two individuals were prohibited from “participating in the affairs” of any federally insured credit union, because of actions taken in August by the National Credit Union Administration (NCUA) and announced Friday. James Nathan Sheppard, a […]
A large, international banking organization headquartered in London has been fined $175 million for practices related to “deficiencies” in its foreign exchange trading, the Federal Reserve announced Friday. HSBC Holdings plc, London, United Kingdom, and […]
An Indiana real estate settlement services provider was ordered to pay up to $1.25 million and cease illegal practices of steering consumers to a title insurer owned by its executives, the Consumer Financial Protection Bureau […]
Former professional football players suffering from neurological disorders, victims of the Deepwater Horizon oil-rig disaster, 9/11 first responders and others awaiting payment from legal settlements were lied to by a New Jersey company in loan […]
Law firms and individual attorneys offering debt relief services were sued today by the CFPB for collaborating to allegedly charge “illegal fees” to consumers seeking debt relief, the consumer agency announced today. The suit filed […]
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