The CFPB has returned $21 billion+ in the forms of monetary compensation, principal reductions, canceled debts, and other consumer relief resulting from CFPB enforcement ($19.6 billion) and supervisory ($1.4 billion) work to more than 205 million consumers or consumer accounts. Learn more about the CFPB’s work by the numbers.
Identity theft is a big problem with hidden victims. Identity theft is a multi-billion dollar problem in the United States. In 2021, nearly 24 million people were victims of identity theft, and it was the single most common complaint in the Federal Trade Commission’s (FTC) law enforcement database. While people may assume that identity theft…
Read More about Robbed Behind Bars: Identity Theft Committed Against Incarcerated Victims
With the assistance of Gupta Wessler, we filed for leave to file an amicus brief in Weingot v. Unison Agreement Corp. (E.D.N.Y.) to assist the court in reaching a decision on the first case involving a home equity investment loan to reach summary judgment. The brief provides background on Unison’s business model and support for…
Read More about Amicus Brief: Weingot v. Unison Agreement Corp. et al.
Hodges v. NewRez, LLC d/b/a Shellpoint Mortgage Servicing and The Bank of New York Mellon, 1:25-cv-10147 (D. Mass.) The case seeks classwide relief against mortgage servicer NewRez, LLC, and loan holder Bank of New York Mellon for their mishandling of “zombie” second mortgages. The complaint alleges that the defendants failed, as a matter of systematic…