Legal News

Source-site In a ruling that splits the differences in a long-running legal battle between the positions of Ocwen and the Consumer Financial Protection Bureau, the Eleventh Circuit Court of Appeals has remanded the case to the original jurisdiction for a…

Source-site The pandemic forced Arizonans to do a lot of things they might not have done before — like getting to know their credit reports better than ever. Arizonans went from filing 6,600 complaints with the Consumer Financial Protection Bureau…

Source-site The Consumer Financial Protection Bureau published on March 29 a report on credit card late fees where the regulator provided data about the amount of late fees charged by type of consumer. The main findings from the report are…

Source-site How much can a landlord charge me for my background check? Can I provide my own background check to a landlord? How much can my late fee be? There are more and more laws being made in New York State by…

Source-site A year after implementing one of the most expansive consumer protection laws in the country, the Department of Financial Protection and Innovation (DFPI) announced it has collected close to $1 million in restitution for consumers, fielded hundreds of additional…

Source: site On March 23, the CFPB released two reports, New Data on the Characteristics of Mortgage Borrowers During the COVID-19 Pandemic and Emergency Savings and Financial Security: Insights from the Making Ends Meet Survey and Consumer Credit Panel. As previously covered by InfoBytes, the CFPB…

Source-site Buy Now Pay Later (BNPL) deferred payment options are becoming increasingly popular with 56% of consumers using them, up from 38 % in July of 2020 — an increase of almost 50% in less than one year, according to a Motley…

Source-site The three major credit bureaus said nearly 70 percent of paid medical debt, which can drag down people’s credit scores, will be removed from consumer credit reports by July 1. Additionally, the bureaus — Equifax, Experian and TransUnion — said…

Source-site In its ongoing lawsuit against the National Collegiate Student Loan Trust (NCSLT), the Consumer Financial Protection Bureau (CFPB) has asked a federal court to deny the NCSLTs petition to appeal an earlier decision that would allow them to be…

Souce-site STATEN ISLAND, N.Y. — The cost of living for Americans has become increasingly expensive, with rising prices at the gas pump, in the food store, and just about everywhere else. So it’s no surprise that U.S. consumers racked up…