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CFPB Issues Consent Order Against Auto Lender For Fee And Interest Practices

Collection Industry News

JUNE 7, 2021

The CFPB found that between 2016 and 2021, the company violated the Consumer Financial Protection Act of 2010 (CFPA), 12 U.S.C. §§ 5531(c), 5536(a) through their engagement in unfair acts or practices. The post CFPB Issues Consent Order Against Auto Lender For Fee And Interest Practices appeared first on Collection Industry News.

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Supreme Court case may gut the CFPB: Consumer watchdog’s ‘future is on the line,’ group says

Collection Industry News

OCTOBER 2, 2023

If the high court sides with the CFSA, a trade group representing payday lenders, its ruling could have broad and significant impacts for consumers, according to legal experts and consumer advocates. In the current case, the CFSA trade group sued the CFPB in 2018, seeking to invalidate a 2017 rule that cracked down on payday lenders.

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