Cash App Payouts in Illinois: $175 Million Settlement Update Over Fraud and Weak Security
Cash App Payouts in Illinois: $175 Million Settlement Update Over Fraud and Weak Security. Cash App users in Illinois could soon receive a paycheck following a significant legal action against the mobile payment platform. The Consumer Financial Protection Bureau (CFPB) has ordered Cash App’s parent company, Block Inc., to pay $175 million due to its […]
Fired Federal Workers Speak Out: Under Attack by Billionaires.
Fired Federal Workers Speak Out: Under Attack by Billionaires. A wave of recent federal employee terminations has left many workers reeling, particularly probationary hires who have fewer protections under federal employment laws. Hanna Hickman, a former senior litigation counsel at the Consumer Financial Protection Bureau (CFPB), described the emotional turmoil of being fired after just […]
CFPB Slaps Wise with $2.5 Million Penalty for Deceptive Remittance Practices
CFPB Slaps Wise with $2.5 Million Penalty for Deceptive Remittance Practices. In a landmark ruling, the Consumer Financial Protection Bureau (CFPB) has ordered the international remittance company, Wise, to pay a hefty fine of $2.5 million after discovering a series of illegal actions, including deceptive advertising, misleading fees, and failure to properly disclose crucial costs […]
Capital One Accused of Defrauding Customers of $2B in Interest
Capital One Accused of Defrauding Customers of $2B in Interest. Capital One is facing a lawsuit from the Consumer Financial Protection Bureau (CFPB) for allegedly deceiving consumers regarding its high-interest savings account offerings. The lawsuit claims that customers incurred losses exceeding $2 billion in potential interest earnings. In a complaint submitted on Tuesday, the CFPB […]
CFPB Sues Vanderbilt for Risking Borrowers’ Futures with Faulty Manufactured Home Loans
CFPB Sues Vanderbilt for Risking Borrowers’ Futures with Faulty Manufactured Home Loans. The Consumer Financial Protection Bureau (CFPB) has initiated legal action against Vanderbilt Mortgage & Finance, accusing the company of setting families up for failure when they sought loans to purchase manufactured homes. The CFPB claims that Vanderbilt’s business practices disregarded evident indicators that […]
CFPB Sues JPMorgan, Bank of America, Wells Fargo Over Zelle Fraud
CFPB Sues JPMorgan, Bank of America, Wells Fargo Over Zelle Fraud. The Consumer Financial Protection Bureau (CFPB) sued the operator of Zelle and three of the nation’s largest banks for failing to protect consumers from widespread fraud on America’s most widely available peer-to-peer payment network. Early Warning Services, which operates Zelle, along with three of […]
CFPB Initiates Legal Action to Halt Unlawful Kickback Scheme Aimed at Directing Borrowers to Rocket Mortgage
CFPB Initiates Legal Action to Halt Unlawful Kickback Scheme Aimed at Directing Borrowers to Rocket Mortgage. The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Rocket Homes to stop the company from offering incentives to real estate brokers and agents for directing homebuyers to Rocket Mortgage, LLC for loans. The CFPB also sued […]
CFPB sues Walmart and Branch Messenger for unlawfully establishing deposit accounts for over one million delivery drivers
CFPB sues Walmart and Branch Messenger for unlawfully establishing deposit accounts for over one million delivery drivers. The Consumer Financial Protection Bureau (CFPB) has initiated legal action against Walmart and Branch Messenger, accusing them of compelling delivery drivers to utilize expensive deposit accounts for payment and misleading workers—specifically, the “last mile” drivers within Walmart’s Spark […]