Articles Tagged with consumer protection

“Sloppy or callous” practices by student loan servicers are still costing consumers money despite stepped-up enforcement efforts, according to a report from the Consumer Financial Protection Bureau (CFPB), which recently returned more than $11 million to more than 225,000 harmed consumers.

The CFPB said it also uncovered student loan servicer violations, such as failing to enroll qualified borrowers in affordable federal loan repayment plans. It is issuing updated procedures for student loan servicing exams.

“Our examiners continue to find sloppy or callous practices among some student loan servicers and other financial institutions that violate the law and put consumers at risk,” said CFPB Director Richard Cordray. “If their practices hurt consumers, they need to rethink and change their practices in light of the actions and observations found in this report.”

New Jersey Division of Consumer Affairs Cites 68 Home Improvement Contractors for a Total of $1.3 Million in Penalties and Consumer Restitution Due to Alleged Violations of Consumer Protection Laws

The Division of Consumer Affairs published these name for alleged violation of the the New Jersey Consumer Fraud Act N.J.S.A. 56:8-2 et.

The Division has directed 62 of the contractors to pay a total of $1,046,978 in consumer restitution, in amounts ranging from as little as $378 to as much as $185,000, for allegedly failing to complete work that consumers had paid for in advance, failing to refund deposits, or other issues.

Innocent until proven otherwise and these are only notices of violations and the business has the right to fight and challenge the violation
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