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What's up
  • [ May 30, 2025 ] Three former bank workers slapped with prohibitions after alleged fraud, exploiting elders FDIC
  • [ May 30, 2025 ] NCUA bars former CA credit union employee; terminates a cease-and-desist order NCUA
  • [ May 30, 2025 ] FDIC: 359 banks slated for CRA evaluations in second half of 2025 FDIC
  • [ May 29, 2025 ] Powell and Trump meet, Fed says in first such disclosure for 2025 The Fed
  • [ May 29, 2025 ] Fed governor draws line between decline of U.S. financial assets as ‘safe haven’ and financial stability The Fed
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CFPB

Honda financing arm to pay $12.8 million in redress, penalty over credit reporting violations during COVID-19 pandemic

January 17, 2025 0

American Honda Finance Corporation was ordered Friday to pay $10.3 million in consumer redress plus a $2.5 million civil money penalty over findings of credit report furnishing inaccuracies and dispute investigation failures during the COVID-19 […]

CFPB

CFPB orders $6 million in redress, penalties for prison financial services firm JPay

October 19, 2021 0

A dominant provider of financial services to prisons and jails nationwide has been ordered to pay $4 million in consumer redress and a $2 million civil money penalty over allegations it charged people who were departing […]

CFPB

CFPB seeks $5.4 million in consumer redress, $1 fine from MA debt settlement firm

May 17, 2021 0

A debt collection firm in Massachusetts would be required to pay $5.4 million in consumer redress and a $1 civil money penalty under a settlement proposed Monday by the Consumer Financial Protection Bureau (CFPB). The […]

CFPB

Settlement calls for $9.3 million in redress – but bureau shrinks that amount by 90%, adds $1

November 23, 2020 0

Misleading statements about what customers in an auto payment program would pay have earned the Florida company that ran the program and its owner a settlement with the consumer financial protection agency over charges of […]

CFPB

CFPB proposes $15 million penalty, plus redress, against Encore Capital Group and subsidiaries

October 15, 2020 0

A proposed stipulated final judgment and order filed Thursday by the federal consumer financial protection agency would impose a $15 million civil money penalty and require $79,308.81 in consumer redress against four firms over violations […]

CFPB

Nissan finance arm to pay up to $5 million in fine, redress over illegal collections, repo practices

October 14, 2020 0

A $4 million civil money penalty and up to $1 million in consumer redress must be paid by Nissan Motor Acceptance Corporation, an auto financing subsidiary of Nissan North America, Inc., under a consent order […]

CFPB

CFPB orders short-term lenders to pay $3.5 million in redress but allows reduction; cites deceptive, unfair acts

June 2, 2020 0

A consent order between the consumer financial protection agency and affiliated payday and auto-title lenders working in eight states imposes a judgment of about $3.5 million in consumer redress, but the settlement announced Tuesday provides […]

Today

  • Three former bank workers slapped with prohibitions after alleged fraud, exploiting elders

    May 30, 2025 0
    Three bank workers were prohibited from further employment by financial institutions under orders issued in April by the federal bank deposit insurance agency, it said Friday. According to the Federal Deposit Insurance Corp. (FDIC), those prohibited were: Maggie Kay Schaefer, [...]
  • NCUA bars former CA credit union employee; terminates a cease-and-desist order

    May 30, 2025 0
    A former employee of Antioch Community Federal Credit Union (Antioch, Calif.) was barred from any future service in a federally insured financial institution due to a May 2024 conviction of embezzlement and other charges, the National Credit Union Administration (NCUA) [...]
  • FDIC: 359 banks slated for CRA evaluations in second half of 2025

    May 30, 2025 0
    The federal bank deposit insurer is slated to evaluate 359 banks under the federal anti-redlining statute, the Community Reinvestment Act (CRA), over the third and fourth quarters of this year, the agency’s published schedules show. The Federal Deposit Insurance Corp. [...]
  • Powell and Trump meet, Fed says in first such disclosure for 2025

    May 29, 2025 0
    What appears to have been the first one-on-one meeting this year between the Federal Reserve Board chairman and the U.S. president took place Thursday at the White House, according to information released by the Fed. The Federal Reserve issued a [...]
  • Fed governor draws line between decline of U.S. financial assets as ‘safe haven’ and financial stability

    May 29, 2025 0
    How possible changes in the role of U.S. financial assets as a “safe haven” might affect financial stability both domestically and internationally is “crucial to examine,” a Federal Reserve governor said Thursday. Fed Gov. Adriana D. Kugler, in opening remarks [...]

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