Franklin Credit Management Corporation, a New Jersey-based mortgage servicer, has agreed to write off more than $10 million in mortgage debt owed by hundreds of Massachusetts residents due to the company’s alleged violations of state consumer protection and other laws ...

In the second quarter of 2024, delinquent and seriously delinquent mortgage accounts had nearly returned to pre-pandemic levels. Despite that, the portion of homeowners at real risk of losing their homes due to the inability to make payments remains historically ...

More Bad News On The Debt Bubble That’s About To Burst Consumer spending habits are an important measure of economic activity, but these trends are not necessarily in lockstep nationwide. One way to observe where consumers are spending more than ...

The Consumer Financial Protection Bureau (CFPB) has announced its suit against Climb Credit and its largest shareholder 1/0 for misrepresenting the quality of its training programmes at partner schools. 18 October 2024 Be the first to comment Climb Credit, a ...

Rohit Chopra, director of the Consumer Financial Protection Bureau. Al Drago/Bloomberg The Consumer Financial Protection Bureau's highly-anticipated open banking rule is expected radically to reshape how consumers access their financial data. The final rule, which the CFPB is expected to ...

Credit/Shutterstock Credit unions and credit union lobbyists have spent months raising objections with lawmakers about moving forward with the Credit Card Competition Act (CCCA). So far, those objections have been heeded. But, according to the Defense Credit Union Council (DCUC), ...

The suit, filed on October 10 in the US District Court for the Eastern District of California, Fresno Division, names ACDF LLC, successor to 104 Partners LLC and A Farms LLC, along with Maricopa Orchards, LLC, Cantua Orchards, LLC, and ...

More than a decade ago, a senator from Alabama warned that the Consumer Financial Protection Bureau would grow into an unaccountable monstrosity. His successor, Sen. Katie Britt, says that prediction has proven true. In 2011, when we anticipated the next ...

The Federal Trade Commission is modernizing its 1973 Negative Option Rule to combat unfair or deceptive practices related to subscriptions, memberships and other recurring-payment programs. (Photo courtesy of the Federal Trade Commission) POLITICS FTC adopts stricter negative-option marketing rules BY ...