CFPB sues TransUnion for duping consumers with “dark patterns”
CFPB sues TransUnion for duping consumers with “dark patterns”
The CFPB sued TransUnion and a company executive for allegedly duping consumers seeking a free credit report into signing up for costly credit monitoring.
The post CFPB sues TransUnion for duping consumers with “dark patterns” appeared first on HousingWire.
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The CFPB sued TransUnion and a company executive for allegedly duping consumers seeking a free credit report into signing up for costly credit monitoring.
The post CFPB sues TransUnion for duping consumers with “dark patterns” appeared first on HousingWire.
The CFPB sued TransUnion and a company executive for allegedly duping consumers seeking a free credit report into signing up for costly credit monitoring.
The post CFPB sues TransUnion for duping consumers with “dark patterns” appeared first on HousingWire.
TransUnion, one of the three large credit bureaus, never wanted to be in litigation with its regulator the Consumer Financial Protection Bureau.But the Chicago-based credit reporting agency is fighting back in court after the CFPB sued the company and a former executive in April for allegedly violating a previous 2017 order. The lawsuit is being closely watched because TransUnion already paid a $3 million fine and $13.9 million in restitution to consumers to resolve the 2017 order— only to b...
TransUnion, one of the three large credit bureaus, never wanted to be in litigation with its regulator the Consumer Financial Protection Bureau.But the Chicago-based credit reporting agency is fighting back in court after the CFPB sued the company and a former executive in April for allegedly violating a previous 2017 order. The lawsuit is being closely watched because TransUnion already paid a $3 million fine and $13.9 million in restitution to consumers to resolve the 2017 order— only to b...
A new Consumer Financial Protection Bureau lawsuit claims the credit bureau and the ex-leader of a key unit failed to comply with a 2017 order to stop misleading consumers about credit reporting and monitoring services.
A new Consumer Financial Protection Bureau lawsuit claims the credit bureau and the ex-leader of a key unit failed to comply with a 2017 order to stop misleading consumers about credit reporting and monitoring services.
What follows is a lightly edited transcript of the interview:I’d like to start with overdraft fees. What illegal practices are you seeing in the marketplace with respect to overdraft fees, and what do you think the industry should be doing on its own?ROHIT CHOPRA: We are actually quite gratified to see where the market has been shifting. You're now starting to see institutions, especially large ones, starting to compete and change their programs. The CFPB over the years has done a number of ...
What follows is a lightly edited transcript of the interview:I’d like to start with overdraft fees. What illegal practices are you seeing in the marketplace with respect to overdraft fees, and what do you think the industry should be doing on its own?ROHIT CHOPRA: We are actually quite gratified to see where the market has been shifting. You're now starting to see institutions, especially large ones, starting to compete and change their programs. The CFPB over the years has done a number of ...
An onslaught of inquiries expected from Republican lawmakers next year has prompted Consumer Financial Protection Bureau Director Rohit Chopra to create a new office devoted solely to responding to congressional probes. In an internal memo to staff on Tuesday, Deputy CFPB Director Zixta Q. Martinez announced a ramping-up of hiring for the bureau’s newly created Office of Oversight and a separate strategy team and a realignment of the bureau’s legal and student loan offices. Joshua Rob...
An onslaught of inquiries expected from Republican lawmakers next year has prompted Consumer Financial Protection Bureau Director Rohit Chopra to create a new office devoted solely to responding to congressional probes. In an internal memo to staff on Tuesday, Deputy CFPB Director Zixta Q. Martinez announced a ramping-up of hiring for the bureau’s newly created Office of Oversight and a separate strategy team and a realignment of the bureau’s legal and student loan offices. Joshua Rob...
The Department of Justice and the CFPB are taking the fight to non-bank mortgage lenders for redlining. They reached a $24.4M settlement agreement with Trident Mortgage, a subsidiary of Berkshire Hathaway.
The post DOJ, CFPB announce $24M redlining settlement with Trident Mortgage appeared first on HousingWire.
The Department of Justice and the CFPB are taking the fight to non-bank mortgage lenders for redlining. They reached a $24.4M settlement agreement with Trident Mortgage, a subsidiary of Berkshire Hathaway.
The post DOJ, CFPB announce $24M redlining settlement with Trident Mortgage appeared first on HousingWire.
Three Republican lawmakers accused the director of the Consumer Financial Protection Bureau of “collusion” and “conspiring with state attorneys general” to bring enforcement actions against financial companies.The allegations in a letter signed July 28 by Rep. Patrick McHenry of North Carolina, the ranking member of the House Financial Services Committee, and two other Republican lawmakers was in response to an interpretive rule that the CFPB issued in May.In the rule, the CFPB affirm...
Three Republican lawmakers accused the director of the Consumer Financial Protection Bureau of “collusion” and “conspiring with state attorneys general” to bring enforcement actions against financial companies.The allegations in a letter signed July 28 by Rep. Patrick McHenry of North Carolina, the ranking member of the House Financial Services Committee, and two other Republican lawmakers was in response to an interpretive rule that the CFPB issued in May.In the rule, the CFPB affirm...
America is in a "full damage control mode" while the Federal Reserve attempts to control inflation, inflicting the mortgage industry with difficult days – and that's when "bad policies have a habit of rearing their ugly head," MBA president and CEO Bob Broeksmit said.
The post MBA’s Broeksmit takes aim at CFPB appeared first on HousingWire.
America is in a "full damage control mode" while the Federal Reserve attempts to control inflation, inflicting the mortgage industry with difficult days – and that's when "bad policies have a habit of rearing their ugly head," MBA president and CEO Bob Broeksmit said.
The post MBA’s Broeksmit takes aim at CFPB appeared first on HousingWire.
The CFPB said Friday it would take a “fresh look” at a rule that decides what mortgages are protected from some litigation during foreclosures.
The post CFPB to review QM rule appeared first on HousingWire.
The CFPB said Friday it would take a “fresh look” at a rule that decides what mortgages are protected from some litigation during foreclosures.
The post CFPB to review QM rule appeared first on HousingWire.