Consumer Financial Protection Bureau
Recent News About Consumer Financial Protection Bureau
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SCOTUS decision may doom feds' efforts to sue Townstone Financial over execs' talk radio speech: New filing
Chicago mortgage broker Townstone Financial says federal banking regulators overreached in using anti-discrimination regulations to sue them for comments made on the radio by Townstone executives -
Davis Introduces Legislation to Block Biden Cfpb From Over-regulating the Farm Credit System
Davis Introduces Legislation to Block Biden Cfpb From Over-regulating the Farm Credit System. -
Attorney General Raoul Calls on Consumer Banks to Eliminate Overdraft Fees
Attorney General Raoul Calls on Consumer Banks to Eliminate Overdraft Fees. -
ILLINOIS ATTORNEY GENERAL: Attorney General Raoul Commemorates Military Consumer Month
Attorney General Kwame Raoul spoke at the American Legion Department of Illinois' 102nd Annual State Convention to highlight resources his office provides to service members, veterans and their families and commemorate Military Consumer Month. -
You’ve been canceled!
Nowadays, it’s not just actors, writers, and producers on TV show that have to worry about being canceled. It can happen to anyone at any time for any reason, and going back five years in time and starting over isn’t an option. -
'Threat to everybody:' Townstone says feds mean to make example of them to expand regulatory power over lenders
Townstone Financial President Barry Sturner said he intends to continue fighting a federal regulatory complaint he said appears intended to chill speech federal agents disapprove of, under the rubric of fighting discrimination. -
Scott Credit Union opposes class certification in overdraft fee dispute
Scott Credit Union argues that class certification should not be granted in a suit with similar claims as a class action in federal court alleging the financial institution engages in deceptive practices with its overdraft fee policy. -
Busey Bank accused of misleading overdraft fee practices
EDWARDSVILLE - Busy Bank is being sued for allegedly participating in deceptive overdraft fee practices. -
Credit union accused of deceptive practices over its charging of overdraft fees; Class action sought
BELLEVILLE - A credit union customer is seeking class action certification over claims that the financial institution engages in deceptive practices in its charging of overdraft fees. -
ILLINOIS ATTORNEY GENERAL: Attorney General Raoul: Affected Consumers Can Now File Claims in $600 Million Settlement With Equifax
Attorney General Kwame Raoul announced affected consumers can now file claims to qualify for payments from the Consumer Restitution Fund established under the historic $600 million settlement with Equifax. -
Study on consumer lawsuit loans finds high rates, confusing terms
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%. -
Consumers file class action in Madison County over Equifax data breach
EDWARDSVILLE – Four days after the credit bureau Equifax announced its computer systems were hacked and that personal data of 143 million Americans was at risk of being stolen, two Illinois consumers filed a class action in Madison County Circuit Court. -
Illinois attorney general taking increasing consumer-activism role
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
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. -
It's Time for a 'Regulatory Cocktail' Against Unethical Debt Collectors
Bartmann Medical researchers came up with a breakthrough in the 1980s in their quest to cure patients of HIV. They developed the Highly Active Antiretroviral Therapy, which non-scientists called a "drug cocktail." Even though any single medicine was not powerful enough to cure people with HIV, it was discovered that the right cocktail of drugs could be highly effective.