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Tag Archives: CFPB

CFPB Fines USAA $15.5 Million For Stop Payment Issues


The Consumer Financial Protection Bureau assessed $15.5 million in fines and penalties against USAA Federal Savings Bank yesterday for allegedly failing to honor requests from customers to stop payments on preauthorized electronic funds transfers and failing to initiate and complete error resolution investigations. It was the agency’s first public enforcement …

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Lawsuit Totals Continue Downward Trend in May

While higher than in April, the overall number of lawsuits filed against collection agencies in May alleging violations of the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, and the Telephone Consumer Protection Act continued their year-long decline, according to data released yesterday by WebRecon. Through the first …

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