Latest posts
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CFPB Mortgage Junk Fees Refund: $50M Regulatory Action
Regulators just ordered a massive $50 million CFPB mortgage junk fees refund. Homeowners hit with illegal servicing charges must now review their escrow statements and await federal checks. Key Facts The Consumer Financial Protection Bureau penalized a major mortgage servicer. The company systematically charged illegal pay-to-pay fees and excessive property inspection fees. Federal regulators ordered…
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Medical Debt Banned From Credit Reports Under New CFPB Rule
Medical debt banned from credit reports marks a major shift by the Consumer Financial Protection Bureau. While this reform protects millions from sudden credit score drops, it does not cancel the underlying medical debts. Key Facts Credit file protection: Nationwide credit reporting agencies cannot include medical debt on consumer credit files. Underwriting changes: Lenders may…
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RentGrow Tenant Screening Settlement: What Renters
The RentGrow tenant screening settlement proposes a $2.25 million penalty over alleged reporting and dispute failures. The proposed order awaits court approval, and officials announced no consumer refund program. By Shailendra Singh Published: August 17, 2026 Key Facts The proposed settlement includes a $2.25 million civil penalty and new compliance requirements. The FTC alleges duplicate…