Category: CFPB
Chase is Reinstating Forced Arbitration on Credit Cards – How to Opt Out
Chase Bank is in the process of reinstating forced arbitration upon its most of its credit card holders. Chase had abandoned forced arbitration for a while in a settlement with the Obama administration over unfair practices in 2009. Thanks to an almost complete takeover of the CFPB by lender interests under the Trump administration, Chase […]
Is Caliber Home Loans engaged in a pattern and practice of Stealth Foreclosures?
I am beginning to get the picture that Caliber Home Loans, as servicer for a number of securitized trusts, may be engaged in “stealth foreclosures” on a grand scale. Why do I think that. Well, I have one case that fits the bill, but that one case seems like it is probably one of many […]
CFPB LEVIES MILLIONS OF DOLLARS IN FINES ON #1 AND #2 DEBT BUYERS
In what might be a foretaste of things to come, the Consumer Financial Protection Bureau (CFPB) once again reminded bad guys that there is a new sheriff in town by levying fines totaling mtens of millions of dollars against the #1 and #2 bad debt buying debt collectors. The number one collector, Encore Capital Group […]
Bad Company of the Day: Navient Corp. – CFPB may take action
The Consumer Financial Protection Bureau (CFPB) announced that it may sue Navient, Inc., the parent company of Sallie Mae, the student-loan giant, for cheating student loan borrowers. Among the practices being investigated are practices designed to maximize late fees. If you have a loan being administered by Navient, and you have had a problem with […]
CFPB goes after Citibank for Deceptive Charges on Credit Card Statements
The CFPB is forcing Citibank to pay $700,000,000 for adding bogus charges to customers’ credit card bills. Think about that number: $700 million dollars that they stole from their own customers. I bet there is not a single criminal in federal prison today that stole $700 million from anyone, yet the banksters at Citibank are […]
JP Morgan Chase to Pay $125 Million to Settle Credit Card Robo Signing Claims
Reuters is reporting that J.P. Morgan Chase agreed to pay $125 million to settle claims by 47 states, the District of Columbia and the CFPB that include charges that it used robosigners to sign affidavits in support of credit card law suits, generally suits brought by third party debt buyers. In addition there were claims […]
