Consumer Financial Protection Bureau News

Study on consumer lawsuit loans finds high rates, confusing terms

By Daniel Fisher | Mar 19, 2018

AUSTIN, Texas (Legal Newsline) - The broadest study yet of consumer litigation finance – money forwarded to lawsuit plaintiffs in anticipation of a victory in court or a legal settlement – found a “very complicated and circuitous” system in which some borrowers appear to subsidize others and the median interest rate exceeds 40%.

Illinois attorney general taking increasing consumer-activism role

By Jon Campisi | Sep 14, 2017

SPRINGFIELD — Illinois Attorney General Lisa Madigan has, for much of her career as the state’s top law enforcer, put a strong focus on consumer protection and related activities.

CFPB's new rule 'large gift for class action lawyers'; Court challenges coming

By John O'Brien | Jul 14, 2017

WASHINGTON  - As the director of a federal consumer protection agency seemingly fights for his job, he has gone forth with plans to finalize a controversial rule – and a court challenge seems imminent.

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