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CFPB Squeezes SettleIt for $1.4 Million, Citing “Abusive” Practices

The Consumer Financial Protection Bureau (CFPB) and SettleIt, Inc., an online debt-settlement company, have agreed to settle “abusiveness” claims for $1.4 million....more

CFPB Rescinds Trump-Era Guidance Regarding “Abusive Acts and Practices” Standard

On March 11, the Consumer Financial Protection Bureau (CFPB) announced that it is rescinding a January 2020 policy statement that limited the “abusive acts and practices” standard created by the 2010 Dodd-Frank Act. By...more

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