CFPB Monitor
FEBRUARY 26, 2020
The CFPB filed a complaint in a South Carolina federal district court against Upstate Law Group LLC. The CFPB filed a complaint in a South Carolina federal district court against Upstate Law Group LLC. The new lawsuit indicates that the Bureau is also targeting service providers to such companies.
CFPB Monitor
OCTOBER 7, 2019
The CFPB has already announced two settlements this year involving brokers of transactions alleged to be high-interest loans to veterans that were marketed as purchases of the future pension or disability payments, one in January 2019 and the other in August 2019 (with the Arkansas Attorney General also a party).
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PYMNTS
AUGUST 23, 2019
Waddell will provide support and guidance to financial services compliance leaders across all of the company’s operating markets, including Walmart U.S., eCommerce and the compliance teams in its international markets. Rodriguez will provide legal advice and counsel to the company’s financial services teams.
CFPB Monitor
AUGUST 7, 2019
Under former Director Cordray’s leadership, the CFPB took action against structured settlement and pension advance companies. North Carolina Office of the Commissioner of Banks. South Carolina Department of Consumer Affairs. South Dakota Department of Labor and Regulation’s Division of Banking.
CFPB Monitor
JANUARY 24, 2019
In its press release announcing the settlement , the Bureau stated that its investigation “is being conducted in partnership with the Office of Arkansas Attorney General Leslie Rutledge and the South Carolina Department of Consumer Affairs.”.
Jeff For Banks
SEPTEMBER 10, 2011
But he held firm that the regulatory environment, changing customer preferences, and the pace and expense of technology were driving the market towards bigger is better. Since that time, the company has grown to more than 100 locations throughout Arkansas, Texas, Georgia, North Carolina, South Carolina, Alabama and Florida.
PYMNTS
JANUARY 22, 2019
But since the departure of former Executive Director Richard Cordray in late 2017 – and under the leadership of Acting CFPB Director Mick Mulvaney – the agency began to evolve a different position on both the lenders and the rules created to rein them in. It is, however, news that comes as a great relief to industry groups.
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