Back in November, the Consumer Financial Protection Bureau filed a lawsuit against one of the nation’s largest providers of seller-financed homes after it failed to comply with a subpoena to turn over documents related to home foreclosures. This week, a judge upheld the Bureau’s authority to request the documents from Harbour Portfolio Advisors. [More]
Financial Institutions
![Banks Turned Account Overdraft Fees Into $11.16B In Revenue Last Year](../../consumermediallc.files.wordpress.com/2015/02/checking.png)
Banks Turned Account Overdraft Fees Into $11.16B In Revenue Last Year
Banks with more than $1 billion in assets now need to report on how much revenue they bring in from overdraft fees and other charges. The first report on those numbers shows that banks made $11.6 billion last year from customers who overdrew their accounts.
[More]
![Target Agrees To Pay Banks $39.4M For Expenses Resulting From 2013 Data Breach](../../consumermediallc.files.wordpress.com/2015/02/targetfalse.jpg?w=680)
Target Agrees To Pay Banks $39.4M For Expenses Resulting From 2013 Data Breach
Target continues to put the disastrous 2013 holiday-season data breach behind it, agreeing today to pay $39.4 million to banks claiming they lost money during the hack. [More]
![(Chris Goldberg)](../../consumermediallc.files.wordpress.com/2015/07/6170756037_eb02abe2fc_b.jpg?w=300&h=225&crop=1)
Payment Information From Zoo Gift Shops Breached, May Include Names And CVVs
Have you bought a cuddly stuffed animal or another souvenir recently during a visit to the zoo? If so, keep an eye on your credit card statements. According to reports from financial institutions and an announcement from one affected zoo, a company that manages zoo gift shops recently had its systems breached. [More]
![(Adam Fagen)](../../consumermediallc.files.wordpress.com/2015/03/cfpb.png?w=300&h=225&crop=1)
CFPB Returned $19.4M To 92,000 Consumers In The Last Half Of 2014
Each year the Consumer Financial Protection Bureau supervisory examiners hold hundreds of companies accountable for violations of fair lending and debt collection rules. During the last half of 2014, those actions resulted in the return of $19.4 million to more than 92,000 consumers, according to a new report from the agency. [More]