The CFPB and the South Carolina Department of Consumer Affairs (SCDCA) recently settled a lawsuit they filed jointly in a South Carolina federal district court in October 2019 against Performance Arbitrage Company, Inc. and...more
The CFPB filed a complaint in a South Carolina federal district court against Upstate Law Group LLC. and two of its individual owners and managers that alleges the defendants violated the Consumer Financial Protection Act’s...more
2/27/2020
/ Brokers ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Disability Benefits ,
Enforcement Actions ,
Financial Services Industry ,
Financial Transactions ,
High-Interest Loans ,
Misrepresentation ,
Pensions ,
Statutory Violations ,
Structured Financial Products ,
UDAAP ,
Unfair or Deceptive Trade Practices ,
Veterans
The CFPB and the South Carolina Department of Consumer Affairs have filed a lawsuit in federal district court in South Carolina against two companies and their individual owner that alleges the defendants violated the...more
10/7/2019
/ Brokers ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Employee Benefits ,
Financial Services Industry ,
Financial Transactions ,
High-Interest Loans ,
Misrepresentation ,
Pensions ,
Regulatory Violations
In two recent opinions, the U.S. Court of Appeals for the Fourth Circuit substantially limited the potential scope of liability under the Maryland Finder’s Fee Act. Applying the plain language of the statute, the Fourth...more
We previously reported that the Bureau had sent warning letters to many mortgage originators and brokers chastising them about certain advertising practices....more