CFPB, Federal Trade Commission and States Announce Sweep Against Foreclosure Relief Scammers

FOR IMMEDIATE RELEASE: July 23, 2014

CFPB, Federal Trade Commission and States Announce Sweep Against Foreclosure Relief Scammers CFPB Files Suits for Operations that Used Deception and False Promises to Collect More than $25 Million in Illegal Fees from Distressed Homeowners

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB), the Federal . . . → Read More: CFPB, Federal Trade Commission and States Announce Sweep Against Foreclosure Relief Scammers

NCLC Reviews the Agency's Top Consumer Protection Hits and Next Steps

NCLC Reviews the Agency’s Top Consumer Protection Hits and Next Steps

This week, the Consumer Financial Protection Bureau (CFPB) celebrates its third year. Thanks to your support of NCLC and our work with you and other advocates, it’s amazing what’s been accomplished by this precocious toddler. We’re proud to stand with you . . . → Read More: NCLC Reviews the Agency’s Top Consumer Protection Hits and Next Steps

NCLC Advocates Applaud Rule Clarifying Mortgage Rights of Heirs; Urge Further Action

FOR IMMEDIATE RELEASE: July 8, 2014

(WASHINGTON, D.C.) Today, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule to clarify that when a borrower dies, the name of the borrower’s heir generally may be added to the mortgage without triggering the Bureau’s Ability-to-Repay rule. The rule makes it easier for surviving family members . . . → Read More: NCLC Advocates Applaud Rule Clarifying Mortgage Rights of Heirs; Urge Further Action

CFPB Takes Action Against Ace Cash Express For Pushing Payday Borrowers Into Cycle Of Debt

FOR IMMEDIATE RELEASE: July 10, 2014

CFPB Takes Action Against Ace Cash Express For Pushing Payday Borrowers Into Cycle Of Debt ACE to Pay $10 Million for Using Illegal Debt Collection Tactics to Pressure Consumers Into Debt Traps

WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) took enforcement action against . . . → Read More: CFPB Takes Action Against Ace Cash Express For Pushing Payday Borrowers Into Cycle Of Debt

Judge Pepper Testifies on Capitol Hill for Wisconsin’s Federal District Court Seat

The NACTT and the Academy are highly honored that Judge Pam Pepper, along with Trustee Ronda Winnecour and Attorney Larry Ahern, will be conducting a workshop on evidence at the upcoming NACTT Annual Conference in Chicago.

It’s not too late to register!!

Former Staff Attorney Appointed Standing Chapter 13 Trustee

Elizabeth Vaughan is back in the news. We first met Ms. Vaughan last year introducing Academy readers to her series of fictional books which take readers on an adventure through the Chronicles of the Warlands.

Now, Ms. Vaughan’s day job has taken her to the next level. Elizabeth A. Vaughan was appointed as . . . → Read More: Former Staff Attorney Appointed Standing Chapter 13 Trustee

Supreme Court Decision Strikes Blow against Tribal Online Payday Lenders

By NCLC

FOR IMMEDIATE RELEASE: May 29, 2014

(WASHINGTON, D.C.) A Supreme Court decision yesterday will have serious repercussions for illegal online payday lenders who claim to be affiliated with a Native American tribe, according to National Consumer Law Center attorneys with expertise in payday lending and tribal sovereign immunity. Although the decision in . . . → Read More: Supreme Court Decision Strikes Blow against Tribal Online Payday Lenders

A Bankruptcy Case in Old England, and a Meeting of Creditors Held in a Tavern

February 12, 1771, London, England. Hear ye…hear ye…

At the Turks head tavern Gerrard Street Soho February 12th.1771.

WHEREAS an advertisement was Inserted in the London Gazette on Tuesday the fifth day of this instant February desiring the Creditors who have proved their debts under a Commission of Bankruptcy awarded and forced William Weston late of the . . . → Read More: A Bankruptcy Case in Old England, and a Meeting of Creditors Held in a Tavern

CFPB Supervision Report Highlights Risky Practices In Nonbank Markets (i.e. Payday lenders)

FOR IMMEDIATE RELEASE: May 22, 2014

CONSUMER FINANCIAL PROTECTION BUREAU SUPERVISION REPORT HIGHLIGHTS RISKY PRACTICES IN NONBANK MARKETS Overall CFPB Supervision Activities Return More than $70 Million to 775,000 Consumers

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued a report highlighting illegal actions uncovered by the Bureau’s supervision of . . . → Read More: CFPB Supervision Report Highlights Risky Practices In Nonbank Markets (i.e. Payday lenders)

Holly Petraeus Statement on DOJ, FDIC Enforcement Actions Against Sallie Mae

FOR IMMEDIATE RELEASE: May 13, 2014

STATEMENT BY CONSUMER FINANCIAL PROTECTION BUREAU’S HOLLY PETRAEUS ON DOJ, FDIC ENFORCEMENT ACTIONS AGAINST SALLIE MAE

WASHINGTON, D.C. — Today, the U.S. Department of Justice announced an enforcement action against Sallie Mae (also known as Sallie Mae Bank and Navient Solutions), the largest servicer of federal . . . → Read More: Holly Petraeus Statement on DOJ, FDIC Enforcement Actions Against Sallie Mae