Compliance

CFPB Enforcement Director To Leave Agency

Anthony Alexis, the enforcement director at the Consumer Financial Protection Bureau, is leaving the agency. The announcement was made to CFPB staff on Thursday afternoon. Alexis has been with the CFPB since 2012. He was previously a partner at the law firm of Mayer Brown. The date of his departure …

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Jury Convicts Scott Tucker of Racketeering in Payday Lending Scam

Scott Tucker, a racecar driver who earned nearly $400 million from running a massive payday lending operation, was convicted on Friday of exploiting individuals with illegally high interest rates and deceptive loan terms. Tucker, along with business partner Timothy Muir, face “significant” prison terms when they are sentenced on January …

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Scarlet Letters: How to Handle Robo-Disputes

More and more collection agencies are receiving large envelopes that have dozens of credit reporting dispute letters in them, all dealing with different creditors and all purportedly signed by the consumer. When looking at the signatures at the bottom of the dispute letters, while the names are different, the writing …

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