Compliance

Bipartisan Anti-Robocall Bill Introduced in Senate

Two of the authors of the TRACED Act have introduced another bill in the Senate that seeks to further protect consumers from receiving illegal robocalls while also holding those making the calls accountable for their actions. A copy of the draft version of the Robocall Trace Back Enhancement Act, introduced …

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CFPB Denies Request to Modify or Set Aside CID

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The Consumer Financial Protection Bureau has published an order from its former Acting Director denying a request from a petitioner to modify or set aside a Civil Investigative Demand it received but has granted in part a request from the petitioner that part of their petitions and portions of a …

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Student Loan Debt Relief Scammers Sentenced

The Attorney General of California announced that a group of individuals involved in a student loan debt relief scam have been sentenced — three of them receiving jail time — and paying more than $330,000 in restitution to victims who were “preyed on” because they were struggling to repay their …

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Consumer Groups, CFPB Settle Suit Over Consumer Law Taskforce

The Consumer Financial Protection Bureau has settled a lawsuit filed against it by a group of consumer advocates, who alleged that the previous leadership of the CFPB “stacked” a taskforce that was created to modernize consumer protection laws with representatives from the financial services industry, stipulating that it failed to …

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