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” An amicus brief in opposition to OppFi’s Demurrer was filed by the following consumer advocacy groups: Center for Responsible Lending, California Reinvestment Coalition, Consumer Federation of California, National Consumer Law Center, Public Law Center, and UC Berkeley Center for Consumer Law & Economic Justice. [read post]
2 Oct 2018, 4:00 am by Michael Erdle
In November 2017, ADRBO started taking complaints about National Bank Canada, in addition to RBC, TD and DirectCash Bank. [read post]
10 Jan 2011, 7:42 pm by Kevin Funnell
Consumer lawyer Abigal Field had a field day today with the responses of the nation's six largest residential mortgage servicers to a New Jersey state court judge's order that the banks either convince the court that they knew their hind quarters from their elbows about following New Jersey foreclosure procedures or he'd shut their foreclosures down and appoint a special master to review their past foreclosure practices. [read post]
”  While he referenced statistics showing significant subprime mortgage lending by national banks in advance of the crisis, the statistics he cited showed that national bank subprime lending nevertheless constituted the minority of such loans. [read post]
25 May 2012, 5:44 am by Brian Wolfman
As discussed here by Jenna Greene of the National Law Journal: The Consumer Financial Protection Bureau released a draft rule May 24 outlining how it plans to supervise debt collectors, consumer reporting agencies, money services companies and other small nonbanks that engage in "activities that pose risks to consumers. [read post]
17 Jun 2008, 1:59 pm
Readers of the June issue of The Pomerantz Monitor learned of unconscionable telemarketing scams aided and abetted by Wachovia Bank, the nation's fourth largest bank. [read post]
1 Aug 2010, 8:31 am by doug
The National Consumer Law Center is now sponsoring an effort to change laws to prevent payday loan centers from using electronic bank transfers to receive payments from Social Security recipients. [read post]
18 Aug 2016, 2:24 pm by Alan S. Kaplinsky and Mark J. Levin
Almost 9 in 10 consumers want to be able to participate in a group lawsuit. 23 percent of consumers if faced with an issue at their bank would definitely take legal action. [read post]
19 Dec 2008, 9:12 pm
As expected, banks have led the opposition to the new rules. [read post]
7 Apr 2020, 11:38 am by Barbara S. Mishkin
  Also discussed was the ability of states to enact laws that require changes to the terms of credit, such as waiving late fees, changing due dates, or stopping interest accrual, including the impact of federal preemption on national banks and federal savings associations. [read post]
15 Feb 2018, 12:28 pm by Alan S. Kaplinsky
”)  In Madden, the Second Circuit ruled that a nonbank that purchases loans from a national bank could not charge the same rate of interest on the loan that Section 85 of the National Bank Act allows the national bank to charge. [read post]
12 Aug 2019, 6:38 am by Andrew Murray
The consumers would give the defendants credit card or bank account numbers as a result. [read post]
8 Aug 2010, 5:09 pm by Joseph C. McDaniel
That is, some people make the bank cranky, because the bank doesn't want to negotiate in exactly the way the debtor wants to negotiate. [read post]
28 Jan 2009, 1:31 am
If many of these exotic loans had been classified as consumer products, they would have been banned by the Consumer Products Safety Commission. [read post]
30 Jun 2011, 4:02 am by Alan White
  The process so far seems to be taking place among national banks and bank regulators, with little or no participation from either consumer protection regulators or consumer advocates. [read post]
11 Nov 2014, 12:18 pm
CONSUMER REPORTING AGENCIES FOCUSING ON YOUR BANK ACCOUNT You're familiar with the usual national consumer reporting agencies which provide consumer credit reports—Equifax, Experian, and TransUnion. [read post]
26 Sep 2014, 7:13 am
CONSUMER REPORTING AGENCIES FOCUSING ON YOUR BANK ACCOUNT You're familiar with the usual national consumer reporting agencies which provide consumer credit reports—Equifax, Experian, and TransUnion. [read post]
3 Oct 2011, 8:35 am by mikedavidson
The Consumer Federation of America conducted a study in June, determining that the median overdraft fee for the nation’s 14 largest banks remains unchanged from a year ago. [read post]