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Banking Exchange

LendingClub disputes FTC complaint
Banking Exchange
LendingClub denied most of the claims concerning its practices made by the Federal Trade Commission in U.S. District Court for the Northern District of California in San Francisco on April 25. FTC's complaint alleged unfair and deceptive practices ...

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Benzinga

The FTC's Lawsuit Against LendingClub Could Have 'Manageable' Outcome, Says Morgan Stanley
Benzinga
The ratio of complaints to borrowers is apparently small, which Morgan Stanley interprets as an indicator that the issues are not "endemic," the analyst said. “One thing that leaves us scratching our proverbial head about parts of the FTC complaint is ...

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Mortgage Solutions

Blemain and Kensington mortgage firms with most complaints – FCA
Mortgage Solutions
Together, which now owns the closed Blemain Finance loan book, said it took all complaints very seriously and conducted thorough analysis to ensure it could learn and improve for future customers, along with an ongoing programme of activities to ...
Blemain, Kensington and NRAM top FCA mortgage complaints listMortgage Strategy
PPI complaints up 40% as deadline loomsMoneySavingExpert
Which firms topped the FCA's mortgage complaints list?Financial Reporter
Sky News
all 29 news articles »


The Express Tribune

Missing loan money: '$84 billion in debt, but change is still invisible'
The Express Tribune
Even though the country owes international financial institutions around $84 billion, no one knows where all this money was spent. This was stated by the National Accountability Bureau (NAB) Chairman Justice (retired) Javed Iqbal while listening to ...



New York Times

Consumer Bureau Looks to End Public View of Complaints Database
New York Times
It lets the free market help steer us in the direction of consumer protection.” The Consumer Financial Protection Bureau asks the subjects of complaints to respond within 15 days. Complaints are later posted online, regardless of a company's response ...
Mick Mulvaney wants to shut public out of CFPB's 'Yelp' of banksCNNMoney
Mick Mulvaney wants to shut public out of CFPB's 'Yelp' of bank complaintserienewsnow.com
Mick Mulvaney wants to shut public out of CFPB's 'Yelp' of bank ...KITV Honolulu
Boing Boing -New York Times -New York Times
all 227 news articles »


Lend Academy (blog)

US regulator sues LendingClub over hidden fees
Reuters
NEW YORK (Reuters) - A U.S. regulator sued online lender Lending Club Corp (LC.N) on Wednesday for allegedly overcharging consumers and misleading them on hidden fees. A Lending Club banner hangs on the facade of the the New York Stock Exchange in New ...
FTC Files Complaint Against LendingClubLend Academy (blog)
LendingClub was lying about 'no hidden fees': FTCNew York Post
LendingClub's Shares Drop Sharply After FTC's LawsuitWall Street Journal
Motley Fool -StreetInsider.com -The Inquisitr
all 51 news articles »


U.S. News & World Report (blog)

How to Avoid Common Student Loan Complaints
U.S. News & World Report (blog)
Among its many duties, the government's Consumer Financial Protection Bureau aims to help consumers make smart borrowing decisions. The CFPB solicits borrower complaints on federal student loan servicers as part of its work. These companies, such as ...



Ameritech Financial Warns of Common Complaints About Federal ...
PR Newswire (press release)
ROHNERT PARK, Calif., April 2, 2018 /PRNewswire/ -- Loan servicers are supposed to help borrowers be successful in repayment — many say so on their website "About" pages. However, complaints compiled by the Consumer Financial Protection Bureau (CFPB ...

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Investopedia (blog)

The Worst Student Loan Servicers Going Into 2018
Investopedia (blog)
Each complaint filed with the CFPB names the student loan servicer involved, the borrower's state of residence, a broad description of the problem and an optional consumer narrative. While the CFPB does not attempt to verify each complaint's accuracy ...