Consumer Financial Protection Bureau News

Bank of America ordered to pay $12 million due to loan officers falsifying forms about mortgage applications

Bank of America has been ordered by the Consumer Financial Protection Bureau (CFPB) to pay a $12 million penalty for submitting false mortgage lending information to the federal government, according to documents released by the CFPB.

Enova ordered to pay $15 million by the Consumer Financial Protection Bureau for multiple violations

The Consumer Financial Protection Bureau (CFPB) has ordered online lender Enova International Inc. to pay a $15 million penalty for widespread illegal conduct, including withdrawing funds from customers' bank accounts without their permission, making deceptive statements about loans, and canceling loan extensions. According to a document published by the CFPB, Enova paid a $3.2 million penalty in 2019 and was ordered to cease its illegal conduct.

How the Consumer Financial Protection Bureau is attempting to end the collection of inaccurate medical bills

The Consumer Financial Protection Bureau (CFPB) released a report that highlighted medical debt collection protection issues that consumers face. Efforts by states and the bureau are being taken to end the collection of inaccurate medical bills that sometimes consumers do not actually owe.

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