Our Goal: $1,000,000
Current Total:
$387,176What's New
CFPB Bans Navient from Federal Student Loan Servicing
Order would put an end to Navient’s years of abuse of students and taxpayers in the federal student loan programWASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) filed a proposed order against the student loan servicer Navient for its years of failures and lawbreaking. If entered by the court, the proposed order would permanently ban the company from servicing federal Direct Loans and ... View Full Article
CFPB Proposes to Ban Medical Bills from Credit Reports
Rule would remove as much as $49 billion of medical debts that unjustly lowers credit scores for 15 million AmericansWASHINGTON, D.C. - The Consumer Financial Protection Bureau (CFPB) today proposed a rule that would remove medical bills from most credit reports, increase privacy protections, help to increase credit scores and loan approvals, and prevent debt collectors from using the credit reporting system to co ... View Full Article
CFPB Report Finds Large Banks Charge Higher Credit Card Interest Rates than Small Banks and Credit Unions
Switching to a lower rate could save the average borrower hundreds of dollars per yearWASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today reported on the first set of results from the newly updated Terms of Credit Card Plans survey. The survey data reveal that large banks are offering worse credit card terms and interest rates than small banks an ... View Full Article
CFPB and Seven State Attorneys General Sue Debt-Relief Enterprise, Strategic Financial Solutions
Ryan Sasson and Jason Blust run an illegal enterprise that collects fees but delivers little reliefWASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) and seven state attorneys general sued Strategic Financial Solutions (SFS) and its web of shell companies for running an illegal debt-relief enterprise. The CFPB and state attorneys general also sued the chief architects of th ... View Full Article
CFPB Reaches Multibillion Dollar Settlement with Credit Repair Conglomerate
he largest credit repair brands in America, including Lexington Law and CreditRepair dot com, perpetrated years long scheme to illegally harvest billions in feesWASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) entered into a proposed settlement with a ring of corporate entities operating some of the largest credit repair brands in the country, including Lexington Law and CreditRepair.com. The agreement follows a ruling from t ... View Full Article