Buyers Finance Administration Watch. CFPA, Financial, NYDFS, Condition AGs, TILA

On Sep 16, 2020, the York Department of economic service (“DFS”) announced it filed a statement of charges against a debt collector around debt collectors alleged failure to comply with nyc States Debt Collection Regulation, Part 1 of Title 23 of ny Codes, Rules, and

Nyc Office of Investment Services Announces Settlement with Unlicensed Mortgage Lender

  • January 11, 2020
  • Stephen Shaw
  • ?On January 10, 2020, the York office of Financial providers (DFS) announced that, in concert with the New York Attorney General (New York AG), it got registered into a permission purchase and payment with an unlicensed mortgage-lending company to settle accusations the companies dishonestly made predatory, subprime debts in

    Ny Department of Monetary Providers Announces Step Targeting Education Loan Credit Card Debt Relief Field

  • Sep 6, 2019
  • Stephen Shaw
  • NYDFS, Student Loans
  • ?On Sep 5, 2019, the fresh new York section of monetary Services (NYDFS) launched? that it was starting a new study to the student loan credit card debt relief market. NYDFS claimed that, included in its Step Up for college students effort, it actually was providing subpoenas to eight student loan debt relief companies

    Ny DFS Fines mortgage Servicer $100,000 for Violations of Vacant and Abandoned belongings laws

  • January 18, 2019
  • Tierney Smith
  • Mortgage, NYDFS
  • On January 16, the latest York office of Financial solutions (DFS) launched so it fined a brand new York state-registered mortgage servicer $100,000 for failing continually to manage two characteristics in ny under New Yorks Abandoned home reduction operate, which need finance companies and mortgage services to meet specific servicing commitments at

    New York DFS inputs Into Consent Order With Payday financial obligation enthusiast and Servicer for $12 Million

  • Sep 25, 2017
  • Tierney Smith
  • On Sep 25, 2017, brand-new Yorks Investment treatments Superintendent launched? that the Department of Financial service (DFS) had inserted into a consent purchase with an instant payday loan financial obligation enthusiast and a payday loan servicer that maintained and accumulated on payday advances meant to New York people that are unlawful in New

    NY DFS Obtains $604,000 in Restitution and $500,000 Civil punishment From Lender which didn’t reimburse loan provider credit

  • August 10, 2017
  • Patrice Hendriksen
  • Mortgage, NYDFS, RESPA
  • ?On August 10, 2017, the York Department of economic service (DFS) established this have registered into a permission purchase with a Missouri-based lender that focuses on home mortgages sure by U . S . Department of experts Affairs. According to research by the consent purchase, the DFS determined that, between 2011 and 2014, the lending company unsuccessful

    Mortgage Lender Agrees to $28 Million Fine by NYDFS

  • November 11, 2016
  • Consumer Money Enforcement See
  • Mortgage, NYDFS, TILA
  • On November 9, 2016, this new York office of monetary treatments (NYDFS) launched it inserted into a permission order with a brand new Jersey-based financial business and its own subsidiary. Your order stems from multiple research with regards to financial loans began between 2008 and very early 2014. The NYDFS alleges the company had insufficient

    NY DFS Obtains $3 Million in Restitution for illicit Payday Lending

  • Will 19, 2016
  • Patrice Hendriksen
  • FDCPA, NYDFS, Payday Financing
  • On May 18, this new York state dept. of Investment providers (DFS) revealed a consent purchase with a personal debt customer for purchasing and accumulating on allegedly illegal pay day loans designed to ny consumers, in breach of the reasonable commercial collection agency tactics work and nyc county rules. The settlement necessitates the

    NY DFS Obtains $119K in Restitution for illicit Payday financing

  • Might 19, 2016
  • Patrice Hendriksen
  • FDCPA, NYDFS, Payday Lending
  • On 18, the fresh new York State Department of economic Services (DFS) established a permission purchase with a Virginia loans customer for collecting on illegal payday advances from nyc consumers, in breach with the Fair commercial collection agency procedures operate and nyc condition laws. Between 2012 and 2014, the debt buyer

    NY Division of Financial Treatments Settles Payday Credit Boasts Against Online Loan Provider

  • March 17, 2016
  • Customers Financing Administration Observe
  • NYDFS, Payday Credit
  • On March 17, 2016, the fresh new York Department of Investment Services (NYDFS) announced it joined into a consent purchase and settlement with an economic solutions providers over accusations the business offered illegal payday loans online in New York. The company presumably controlled an online payday loans “lead generation” business. Although payday credit is