Tag Archives: Enforcement Action

A pair of collection operations have waived their rights to a hearing before the Minnesota Department of Commerce and agreed to fines — one for $10,000 and one for $7,000 — for engaging in unlicensed collection activity in the state. RSI Enterprises has been fined $10,000 and Advanced Portfolio Group …

The Consumer Financial Protection Bureau has fined an international remittance company $700,000 for not refunding consumers after it made transfer errors, in a failure to comply with the Electronic Funds Transfer Act. A copy of the enforcement action against Servicio UniTeller can be accessed by clicking here. Between 2013 and …

The Consumer Financial Protection Bureau played the role of all three ghosts in “A Christmas Carol” yesterday, attempting to get Wells Fargo to see the error of its ways, but also assessing $3.7 billion in an enforcement action related to “widespread mismanagement” that led to illegally repossessing cars and consumers …

The Attorney General of Massachusetts has reached a $600,00 settlement with a payment processing company that was accused of assisting a debt settlement company in engaging in unlawful business practices such as charging consumers premature and inflated fees. A copy of the Assurance of Discontinuance, filed against Global Holdings, can …

The Federal Trade Commission has issued a Consent Order against a company that was accused of “lax” data security practices that resulted in four data breaches during the past five years, exposing the information for millions of individuals. The order does not include a monetary penalty, but requires the company …

A mortgage servicer will pay $3.2 million in fines and restitution to settle an enforcement action with the Attorney General of Massachusetts, which accused the company of engaging in unfair and deceptive conduct by “harassing” individuals with excessive debt collection calls, among other claims. A copy of the assurance of …

The Consumer Financial Protection Bureau yesterday announced a consent order with Hyundai Capital America, the financing arm of Hyundai Motors, in which the company will pay $19 million in restitution and fines after being accused of reporting inaccurate information to the credit reporting agencies on more than 2 million of …

Irony alert. The Federal Communications Commission has proposed a fine of $116 million against a company accused of making illegal robocalls to the toll-free numbers of businesses and using prerecorded messages to inform the businesses about the dangers of scam calls and telling the businesses to report scam calls to …

A proposed stipulated judgment has been filed in federal court that would bring an end to an enforcement action brought by the Consumer Financial Protection Bureau and the Attorney General of New York against a series of individuals operating more than a half-dozen different companies all out of the same …

The Consumer Financial Protection Bureau yesterday announced the completion of an enforcement order against a pair of payment processing companies that worked with debt relief organizations — as well as the owners of the companies — ordering the defendants to pay $11 million in restitution to consumers and fines. The …