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6 Oct 2017, 11:39 pm by Wolfgang Demino
As part of the package of remedies imposed  by the Consumer Financial Protection Bureau upon the National Collegiate Student Loan Trusts and their debt collector, TransWorld Systems, Inc. [read post]
6 Oct 2017, 1:04 pm by Cynthia Marcotte Stamer
Her day-to-day work encompasses both labor and employment issues, as well as independent contractor, outsourcing, employee leasing, management services and other nontraditional service relationships. [read post]
5 Oct 2017, 5:20 pm by Wolfgang Demino
To the extent the CFPB's investigation of NCSLT litigation abuses brought to light the problems in servicing, the Bureaus actions served Uderitz' purposes by bolstering his case against PHEAA. [read post]
2 Oct 2017, 7:59 am by Kathleen Scott
General Electric Capital Corporation had its SIFI designation lifted in 2016 after reorganizing and selling many of its financial services operations. [read post]
19 Sep 2017, 10:26 pm by Wolfgang Demino
The litigation-support outfit that runs the collection attorney network for the National Collegiate Student Loan Trusts settled with the CFPB this week and agreed to pay a $2.5 mil fine for robosigning and associated malfeasance without expressly admitting liability to the Bureau's charges as detailed in the findings section of the consent order.TRANSWORLD SYSTEMS, INC - CFPB CONSENT ORDERTransworld Systems must pay $2.5 million to the Bureau’s Civil… [read post]
13 Sep 2017, 4:00 pm by Cynthia Marcotte Stamer
This ban is, by its own terms alone, stated so broadly that a reasonable employee, generally aware of employee rights, would interpret it to discourage protected concerted activity, such as even an off-duty employee  photographing a wage schedule posted on a corporate bulletin board. [read post]
25 Aug 2017, 8:51 am by Wolfgang Demino
 In September 2014, the CFPB sued Corinthian Colleges, Inc. for tricking tens of thousands of students into taking out private Genesis loans to cover expensive tuition costs by advertising bogus job prospects and career services. [read post]