The Consumer Financial Protection Bureau has filed a complaint against Intercept Corp. – a third-party payment processor that processes electronic funds transfers through the Automated Clearing House (ACH) network – and two of its executives. Want to read the complaint for yourself? Visit the Dodd Frank Update Library.

The Consumer Financial Protection Bureau filed for an injunction against payday lender and check cashers All American Check Cashing, Inc. and Mid-State Finance, Inc., along with their president for alleged unfair, deceptive and abusive acts or practices. It has been alleged that company supervisors circulated training manuals that said, “NEVER TELL THE CUSTOMER THE FEE” as well as a cartoon captioned with “Take the $ or die!!” 

The Consumer Financial Protection Bureau filed a consent order against Springstone Financial after finding that the company failed to adequately train and monitor healthcare providers, who offered Springstone loan products to their patients. The providers failed to disclosure certain interest rate information. Read on for more details.

The Consumer Financial Protection Bureau and the New York Department of Financial Services have filed a joint complaint against two companies and three individuals for allegedly misleading consumers about the terms and interest rates of pension advance loan products. Read on for more details.

The Consumer Financial Protection Bureau issued a consent order against Citizens Bank and its subsidiaries for not depositing the full amounts of consumers’ deposit materials. The banks’ transmitting systems flagged errors, but only for certain thresholds. 

The Consumer Financial Protection Bureau and Department of Justice filed a consent order against American Honda Finance Corp. after finding dealer discretionary and compensation practices that had led to discriminatory lending against minorities. 

In December, the Consumer Financial Protection Bureau held a field hearing in which it took the position that it will be monitoring medical debt collection and credit reporting practices. On June 18, the bureau filed a consent order against Syndicated Office Systems, LLC, for allegedly mishandling consumers’ credit reporting dispute.

The Consumer Financial Protection Bureau inherited authority from the Department of Housing and Urban Development to bring enforcement actions under the Interstate Land Sales Full Disclosure Act. In its May 1, 2015, action against International Land Consultants, Inc., the bureau is flexing its enforcement muscle under the enumerated laws in Title X of the Dodd-Frank Act.

The Consumer Financial Protection Bureau took its first enforcement action against a banker for overdraft violations under the Federal Reserve Board’s Opt-In Rule. The bureau alleged that Regions Bank charged consumers overdraft fees without first getting their affirmative consent to opt-in an overdraft program.

The Consumer Financial Protection Bureau entered into a consent order with RMK Financial Corp., in which the mortgage lender has agreed to stop using advertisements that the bureau found to deceptively imply U.S. government affiliation and support.