CFPB Harasses Crystal Moroney & 2nd Circuit Sides with Goliath & It…
Steel Rose
A three-judge panel of the U.S. Court of Appeals for the Second Circuit handed down a decision on March 23 holding that the funding mechanism for the federal Consumer Financial Protection Bureau is constitutionally sound. In doing so, it “respectfully decline[d] to follow the Fifth Circuit’s decision” in Cmty. Fin. Servs...
READ MOREMaking the CFPB Accountable to Small Businesses Act Introduced in Congress
Congressman Scott Fitzgerald (WI-05) introduced the Making the CFPB Accountable to Small Businesses Act. This legislation would require the Consumer Financial Protection Bureau…
We Continue to Disagree with the CFPB's Characterization of Our Conduct, Says PRA CEO
PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and servicing nonperforming loans, announced today that its subsidiary, Portfolio Recovery…
CFPB Orders Are Not Suggestions Says Chopra As PRA Settles for $24M
Portfolio Recovery Associates admitted to no wrongdoing and agreed to pay $24 million over allegedly illegal practices, the top U.S…
Proposals to Reform CFPB by the U.S. House Financial Institutions and Monetary Policy Subcommittee
The U.S. House Financial Institutions and Monetary Policy Subcommittee held a hearing entitled “Consumer Financial Protection Bureau [CFPB]: Ripe for…
Silicon Valley Bank Reckless With Risk, ESG Push: State Financial Officers
The State Financial Officers Foundation — a group of state auditors, chief financial officers, controllers, and treasurers — released a…
How To Respond When Your Overdue Account Is Sent To Collections
Imagine you got sick a few months ago, and put your medical bills on a credit card. But then life…
Collection Agency Required Disclosures for Processing a Visa Card Payment After 4/15/23
Move over, Tax Day! This year, April 15 falls on a Saturday so the IRS moved the tax filing deadline…
"Will Pay Any Person $1,000,000 with an Upcoming Case" Claim Retracted by "World's First Robot Lawyer"
Battle lines were drawn early this year over the consumer advocacy app DoNotPay, whose founder and CEO Joshua Browder announced on January…
Why You Shouldn’t Move Abroad With Unpaid Credit Card Balances
If you’re thinking of moving abroad, it’s important to know what will happen to your unpaid credit card debt. In…