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Lending


FTV Brings Actions Against Mortgage Relief Scammers

July 23 - The Federal Trade Commission has taken action against six mortgage relief operations charging that defendants preyed on distressed homeowners by misrepresenting that they typically could...


Home Prices Picking Up Momentum

July 22 - Home sales nationwide picked up momentum entering the summer months, according to the latest FNC Residential Price Index (RPI) released this week. The latest numbers—as of May—indicate...


CFPB Proposal Would Allow Consumers to Publicize Complaints About Financial Products

July 16 - The Consumer Financial Protection Bureau is proposing a new policy that would enable consumers to publicly voice their complaints about consumer financial products and services. When...


A Record $7 Billion Fine Assessed to Citigroup

July 15 -Justice Department, along with federal and state partners,  announced a $7 billion settlement with Citigroup Inc. to resolve federal and state civil claims related to Citigroup’s...


CFPB Penalizes Payday Lender for Tactics Used to Collect Debt

July 10 - The Consumer Financial Protection Bureau has taken enforcement action against ACE Cash Express, one of the largest payday lenders in the United States, for pushing payday borrowers into a...


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