Matthew Riffee

Matthew Riffee


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CFPB Enters Consent Order with Seattle-Based Payday Lender

On December 16, 2016, the Consumer Financial Protection Bureau (CFPB) announced that it entered into a consent order relating to a Seattle-based payday lender and check-cashing company’s allegedly deceptive online...more

12/21/2016 - CFPB Consent Order Enforcement Actions False Advertising Online Advertisements Payday Loans Regulation E Unfair or Deceptive Trade Practices

Jury Issues $92 Million Verdict Under the False Claims Act Against Mortgage Companies and CEO

On November 30, 2016, the U.S. Attorney for the Southern District of Texas announced that a federal jury in the Southern District of Texas issued a verdict finding several related mortgage companies and their CEO liable in...more

12/2/2016 - Fair Housing Act (FHA) False Claims Act (FCA) FIRREA HUD Jury Verdicts Mortgage Insurance Mortgage Lenders Personal Liability

Vermont AG Settles Lawsuit with California Student Loan Debt Consolidation Company

On November 18, 2016, the Attorney General for the State of Vermont (Vermont AG) announced that it had entered into a settlement with a California student loan debt consolidation company related to the company’s business of...more

11/21/2016 - Attorney Generals Debt Collection Student Loans

Four California Residents Jailed and to Pay $7 Million in Restitution for Debt Relief Scheme

On November 14, 2016, the Department of Justice (DOJ) and U.S. Postal Inspection Service announced that four California individual defendants were sentenced for their participation in an allegedly fraudulent debt relief...more

11/16/2016 - Consent Decrees Criminal Prosecution Debt Relief DOJ FTC Restitution USPS

FTC Obtains $1.3 Billion Judgment for Payday Lending Scheme

On October 4, 2016, the Federal Trade Commission (FTC) announced that the U.S. District Court for the District of Nevada issued an order requiring that a racecar driver and several corporate defendants pay $1.3 billion in...more

10/7/2016 - Consumer Lenders Debt Collection Enforcement Actions FTC Payday Loans

HUD OIG Announces Termination of FHA Fraud Investigation

On September 29, the Office of Inspector General for the United States Department of Housing and Urban Development (HUD OIG) announced the termination of an investigation of a national mortgage lender relating to a purported...more

10/6/2016 - FHA Loans HUD Manufactured Housing Mortgage Fraud Mortgage Lenders OIG Qui Tam

DOJ Announces FHA Settlements with Two Utah-Based Mortgage Lenders

On October 3, 2016, the United States Department of Justice (DOJ) announced that two Utah-based Direct Endorsement (DE) lenders agreed to pay $5 million and $4.25 million dollars to settle separate cases relating to their...more

10/6/2016 - DOJ False Claims Act (FCA) FHA Loans HUD Mortgage Lenders Settlement

HUD OIG Announces PFCRA Settlement with FHA Lender

On September 29, 2016, the U.S. Department of Housing and Urban Development (HUD) and its Office of Inspector General (HUD OIG) announced a settlement with a mortgage lender relating to two audits of the lender’s Federal...more

10/6/2016 - Federal Housing Administration (FHA) Government-Guaranteed Loans HUD Mortgage Lenders Settlement

FTC Bars New York Debt Collector and Companies from Future Debt Collection

On August 24, 2016, the Federal Trade Commission (FTC) announced that the FTC and the Attorney General for the State of New York (New York AG) reached a settlement with a New York debt collector that will ban the owner and...more

8/30/2016 - Debt Collectors Enforcement Actions FDCPA FTC FTC Act Payday Loans

OCC and Bank Reach $3 Million Settlement Over Alleged Unfair Billing Practices

On August 25, 2016, the Office of the Comptroller of the Currency (OCC) announced that it had agreed to consent orders with a national bank based on its alleged unfair billing practices. The civil money penalty order will...more

8/30/2016 - Banks CFPB Civil Monetary Penalty Consent Order FTC Act Identity Protection Services OCC

DOJ Files Suit Against California Lenders Alleging Discriminatory Loan Modification Scheme

On August 23, 2016, the Department of Justice (DOJ) announced the filing of a lawsuit in the United States District Court for the Northern District of California against several California-based mortgage loan modification...more

8/30/2016 - Consumer Lenders Declaratory Relief DOJ ECOA Fair Housing Act (FHA) HUD Injunctive Relief Loan Modifications

CFPB and National Bank Reach $32.25 Million Settlement Regarding Credit Card Add-On Products

On August 25, 2016, the Consumer Financial Protection Bureau (CFPB) announced an order against a national bank that will require the bank to pay $32.25 million in consumer relief and civil penalties based on practices...more

8/30/2016 - CFPB Civil Monetary Penalty Credit Cards Enforcement Actions Excessive Fees

Minnesota AG Settles Suit Against California Online Lender Relating to Alleged “Rent-a-Tribe” Scheme

On August 19, the Attorney General’s Office for the State of Minnesota (Minnesota AG) announced that it had settled a lawsuit against a California-based online lender relating to an alleged “rent-a-tribe” scheme. The...more

8/25/2016 - Attorney Generals Consumer Lenders Online Marketplace Lending Tribal Loans Usury

CFPB Issues Consent Order Regarding National Bank’s Student Loan Servicing Practices

On August 22, 2016, the Consumer Financial Protection Bureau (CFPB) announced that it entered into a consent order with a large national bank in relation to the company’s private student loan servicing practices. The CFPB...more

8/25/2016 - CFPB Consent Order FCRA Loan Servicing Student Loans

Pennsylvania AG Sues Financial Services Company for Defrauding Veterans

On May 5, 2016, the Pennsylvania Attorney General announced the filing of a civil lawsuit in the Clinton County (PA) Court of Common Pleas against an Ohio financial services company and its owner for misleading at least four...more

5/11/2016 - Attorney Generals Enforcement Actions Financial Services Industry Fraud Restitution Veterans

California Man Pleads Guilty to Criminal Charges Relating to HAMP Modification Scheme

On May 4, 2016, the United States Attorney for the Southern District of New York and the Special Inspector General of the Troubled Asset Relief Program (SIGTARP) announced that a California man was found guilty of...more

5/11/2016 - Criminal Conspiracy Criminal Prosecution Guilty Pleas HAMP Loan Modifications Mortgages Wire Fraud

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