Analysis, Federal and International

Consumer Financial Protection Bureau Supervision Recovers $14 Million in First Half of 2017 for Over 100,000 Consumers Harmed by Illegal Practices

Consumer Financial Protection Bureau
Source: consumerfinance.gov

Bureau Supervision Requires Some Companies to Change Practices to Prevent Future Violations

Washington, D.C. –(ENEWSPF)—September 12, 2017.  The Consumer Financial Protection Bureau (CFPB) today announced that recent supervisory actions resulted in $14 million in relief to more than 104,000 harmed consumers from January through June 2017. Findings in today’s Supervisory Highlights report include that some banks misled consumers about checking account fees or overdraft coverage, and some credit card companies deceived consumers about…

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