Tag Archives: dodd frank

CFPB Orders TransUnion and Equifax to Pay $23.1 Million for Deceiving Consumers

“TransUnion and Equifax deceived consumers . . .” By Jeff Sorg, OnlineEd Blog (January 3, 2017) – The Consumer Financial Protection Bureau (CFPB) today took action against Equifax, Inc., TransUnion, and their subsidiaries for deceiving consumers about the usefulness and actual cost of credit scores they sold to consumers. The companies also lured consumers into costly recurring […]

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CFPB Takes $39 Million Action Against Company for Deceptive Advertising

The CFPB has the authority to take action against companies engaging in deceptive practices in the consumer financial marketplace. By Jeff Sorg, OnlineEd Blog, July 28, 2015 CFPB, Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) is reporting it took action today against Paymap Inc. and LoanCare, LLC for deceiving consumers with advertisements for […]

CFPB and Other Agencies Issue Final Standards for Assessing Diversity Policies and Practices of Regulated Entities

(Jeff Sorg, OnlineEd) – Federal agencies today issued a final interagency policy statement establishing joint standards for assessing the diversity policies and practices of the entities they regulate. Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) required the Federal Reserve Board, the Consumer Financial Protection Bureau, the […]