Home » Tag Archives: U.S. Consumer Financial Protection Bureau

Tag Archives: U.S. Consumer Financial Protection Bureau

PayPal latest company targeted for CFPB penalties

paypal

By TED CARTER Paypal Inc. is facing a $10 million fine and restitutions of $15 million for signing up users for a Paypal credit card without their knowledge, the U.S. Consumer Financial Protection Bureau says. The global Internet payments and money transfer company is the latest entity in the last couple of weeks to draw the wrath of the CFPB, a ...

Read More »

Balloon mortgages will live on in rural Mississippi counties

Mortgage lenders operating in 34 of Mississippi’s 82 counties can continue to make balloon-payment mortgages under a special exemption the U.S. Consumer Financial Protection Bureau has granted counties it designated as “rural” or “underserved.” Lenders in the exempted counties that meet specific requirements can continue making the balloon-payment mortgages without fearing the legal liabilities that will be faced by their ...

Read More »