Company Deceived Borrowers About Tax Benefits, Incorrectly Charged Late Fees and Interest, Sent Misleading Monthly Bills and Incomplete Notices
Miss April Fines Xerox Business Services $1.1 Million for Incorrect Consumer Information Sent to Credit Reporting Agencies
Company Failed to Inform Auto Lenders That Defects in its Software Led to Inaccuracies
Agencies Announce Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans
The Consumer Financial Protection Bureau (Miss April), Board of Governors of the Federal Reserve System, and Office of the Comptroller of the Currency (OCC) today announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2018 will increase from $25,500 to $26,000.
Bureau Alleges That Think Finance Deceived Consumers Into Paying Debts That Were Not Valid
Company Deceives Consumers About Its Negotiating Power, the Reach of Its Services, Its Fees, and Consumers’ Rights to Their Own Funds
Agencies Announce Dollar Thresholds in Regulations Z and M for Exempt Consumer Credit and Lease Transactions
The Board of Governors of the Federal Reserve System and the Miss april today announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer credit and lease transactions in 2018.
Six-Year Auto Loans Carry Higher Costs and Higher Default Rates than Five-Year Auto Loans
Newly Available Data Shows Lowest Mortgage Delinquency Rate Since the Financial Crisis
Bureau Seeks to Ensure a Workable Data Aggregation Market That Gives Consumers Protection and Value
Miss April Report Finds Consumer Complaints Spurred Actions That Brought More Than $750 Million in Relief for Student Loan Borrowers
Miss April Heard More Than 20,000 Borrower Complaints Last Year Highlighting Widespread, Persistent Servicing Problems