News

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Has the subprime auto dumpster fire started?

March 27, 2022 Cucolle1

Smell Fire? Subprime auto loan delinquency climbs to highest rate since April 2020 Now...

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Congress challenges CFPB’s illegal repossession claims

March 23, 2022 Cucolle1

Washington DC – March 23, 2022 – Back on February 28th, the CFPB published...

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Massive changes coming to credit reporting!

March 20, 2022 Cucolle1

Equifax, Experian and TransUnion to begin changing how medical debt collections are reported Credit...

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CFPB Guidance Webinar – March 2022

March 15, 2022 Cucolle1

Mar 17, 2022 12:00 PM – 2:00 PM PDT Last month, the Consumer Financial...

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CFPB takes aim at Illegal Auto Repossessions

March 1, 2022 Cucolle1

High Car Prices Increase Risk of Improper Repossession by Lenders, Servicers, and Investors WASHINGTON,...

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Santander agrees to pay $5.5M over post repossession notices

February 22, 2022 Cucolle1

More than 1,000 Massachusetts borrowers are expected to be eligible for relief under the...

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CU VP breaks lending policy, banned for life

February 2, 2022 Cucolle1

Every year the NCUA bans former credit union employees from future employment in a...

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LA Fraudster pleads guilty in $1.5M auto lease fraud

January 20, 2022 Cucolle1

Fraudulently Obtained Luxury Cars from 128 Victims Who Wanted Out of Their Leases and...

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Sixth defendant admits to role in credit union auto loan fraud ring

January 13, 2022 Cucolle1

Providence, RI – January 11, 2022 – Fernando Diaz, 34, pleaded guilty in the...

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New CFPB report attacks complaint responses by the big three credit bureaus

January 6, 2022 Cucolle1

Equifax, Experian, and TransUnion routinely failed to fully respond to consumers with errors WASHINGTON,...

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Build Back Better Bill backs down on IRS reporting provision

December 15, 2021 Cucolle1

The Senate Finance Committee released the tax provisions of the Build Back Better Act...

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Supreme court judge convicted in $18m CU embezzlement

December 13, 2021 Cucolle1

It all started with $6m embezzled for lottery tickets and now a CEO, an...

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November foreclosure activity declines slightly but still on the rise

December 9, 2021 Cucolle1

Foreclosure Starts Decrease 3 Percent from Last Month; First Monthly Decrease in Completed Foreclosures...

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Credit union loan officer defrauds lifelong friends

December 7, 2021 Cucolle1

Took out $14K in cash advances under name of a one-year-old and more In...

4 min read

Multi-Million Dollar Dealership Fraud Ring Convicted

December 6, 2021 Cucolle1

Dealer perpetrated forgery, bribery, wire fraud, threats to a CEO, fake down payments and...

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FDCPA update – REG F compliance

December 5, 2021 Cucolle1

GUEST EDITORIAL On November 30, 2021, the CFPB‘s FDCPA Regulation F Final Rules went...