Order Provides $92M In Debt Relief For Servicemembers And Others Deceived By Lending Scheme

Order Provides $92M In Debt Relief For Servicemembers And Others Deceived By Lending Scheme

Despite laws protecting servicemembers from some forms of shady lending, many continue to fall victim to too-good-to-be-true schemes. One company that offered questionable financing to military borrowers and private citizens has been ordered today to provide millions of dollars in debt relief to the consumers it deceived. [More]

CFPB Alleges Mortgage Insurer Operated 15-Year-Long Kickback Scheme

CFPB Alleges Mortgage Insurer Operated 15-Year-Long Kickback Scheme

The Consumer Financial Protection Bureau has begun proceedings against PHH Corporation for its involvement in a 15-year-long mortgage insurance kickback scheme that collected hundreds of millions of dollars from homeowners. [More]