cfpb

CFPB Supervisory Examinations Find Violations of Federal Law by Student Loan Servicers and University-Owned Lenders

FOR IMMEDIATE RELEASE: September 29, 2022 CONTACT: Office of Public Affairs press@cfpb.gov CFPB Supervisory Examinations Find Violations of Federal Law by Student Loan Servicers and University-Owned Lenders Blanket withholding of academic transcripts to pressure borrowers to pay cited as unlawful WASHINGTON, DC — Today, the Consumer Financial Protection Bureau (CFPB) released…

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CFPB Sues MoneyLion for Overcharging Servicemembers and Trapping Consumers in Costly Memberships

FOR IMMEDIATE RELEASE: September 29, 2022 CONTACT: Office of Public Affairs press@cfpb.gov CFPB Sues MoneyLion for Overcharging Servicemembers and Trapping Consumers in Costly Memberships The online lender allegedly required customers to pay hefty fees to access loans and often refused to cancel memberships WASHINGTON, D.C. — Today, the Consumer Financial…

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CFPB Takes Action Against Choice Money for Remittance Failures

FOR IMMEDIATE RELEASE: October 4, 2022 CONTACT: Office of Public Affairs press@cfpb.gov CFPB Takes Action Against Choice Money for Remittance Failures Company did not provide accurate fee, exchange rate, and other key information for money transfers WASHINGTON, DC — The Consumer Financial Protection Bureau (CFPB) is taking action against Choice Money…

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