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 […]
BlackRock has reached an agreement to implement new ESG disclosure requirements as part of a settlement in Tennessee
BlackRock has reached an agreement to implement new ESG disclosure requirements as part of a settlement in Tennessee. Asset management firm BlackRock has consented to new disclosure obligations regarding its application of sustainable investment criteria as part of a legal settlement with Tennessee Attorney General Jonathan Skrmetti, as announced by his office on Friday. This […]
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 […]