Claims tagged with "Regulation"

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Examiners also uncovered numerous problems with how servicers processed borrowers’ applications for income-driven repayment plans. 1.000

👤 The author 📋 News Article 🏷️ Regulation

Simplified: Examiners also uncovered numerous problems with how servicers processed borrowers applications for income-driven repayment plans

1 sources

3 months ago
Consumers can submit complaints about financial products and services by visiting the CFPB’s website or by calling (855) 411-CFPB (2372). 1.000

👤 The author 📋 News Article 🏷️ Regulation

Simplified: Consumers can submit complaints about financial products and services by visiting CFPBs website or by calling (855) 411-CFPB (2372)

1 sources

3 months ago
When CFPB examiners uncover problems, they share their findings with companies to help them remediate violations. 1.000

👤 The author 📋 News Article 🏷️ Regulation

Simplified: When CFPB examiners uncover problems they share findings with companies to help them remediate violations

1 sources

3 months ago
The Consumer Financial Protection Bureau is a 21st century agency that implements and enforces Federal consumer financial law and ensures that markets for consumer financial products are fair, transpa... 1.000

👤 The author 📋 News Article 🏷️ Regulation

Simplified: Consumer Financial Protection Bureau is 21st century agency that implements and enforces Federal consumer financial law and ensures that markets for c...

1 sources

3 months ago
Typically, as with some of the instances identified within today’s report, companies take actions to fix the identified problems. 1.000

👤 The author 📋 News Article 🏷️ Regulation

Simplified: Typically as with some of instances identified within todays report companies take actions to fix identified problems

1 sources

3 months ago
The CFPB directed the entities to create robust systems for evaluating borrowers’ claims of school misconduct. 1.000

👤 The author 📋 News Article 🏷️ Regulation

Simplified: CFPB directed entities to create robust systems for evaluating borrowers claims of school misconduct

1 sources

3 months ago
Supervision found that lenders unfairly denied discharge applications for borrowers who were eligible based on Total and Permanent Disability status. 1.000

👤 The author 📋 News Article 🏷️ Regulation

Simplified: Supervision found lenders unfairly denied discharge applications for borrowers eligible based on Total and Permanent Disability status

1 sources

3 months ago
Many private student loans made directly by schools include provisions allowing borrowers to challenge their loans due to school misconduct, regardless of who holds the loans. 1.000

👤 The author 📋 News Article 🏷️ Regulation

Simplified: Many private student loans made directly by schools include provisions allowing borrowers to challenge loans due to school misconduct regardless of wh...

1 sources

3 months ago
Servicers also issued deceptive billing statements with incorrect payment amounts and due dates, and debited unauthorized amounts. 1.000

👤 The author 📋 News Article 🏷️ Regulation

Simplified: Servicers also issued deceptive billing statements with incorrect payment amounts and due dates and debited unauthorized amounts

1 sources

3 months ago
CFPB supervision observed that federal loan servicers failed to provide, for extended time periods, adequate ways for borrowers to manage key loan issues by phone. 1.000

👤 The author 📋 News Article 🏷️ Regulation

Simplified: CFPB supervision observed federal loan servicers failed to provide for extended time periods adequate ways for borrowers to manage key loan issues by...

1 sources

3 months ago
The Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights describing a range of unlawful activities identified by CFPB examiners across student loan mark... 1.000

👤 The author 📋 News Article 🏷️ Regulation

Simplified: CFPB released Supervisory Highlights describing unlawful activities identified by CFPB examiners across student loan markets

1 sources

3 months ago
Refinancing or consolidating federal loans through a private lender results in the loss of important federal protections. 1.000

👤 The author 📋 News Article 🏷️ Finance , Regulation

Simplified: Refinancing or consolidating federal loans through private lender results in loss of important federal protections

1 sources

3 months ago
Companies break the law when they mislead student borrowers about their protections or deny borrowers their rightful benefits. 1.000

👤 CFPB Director Rohit Chopra 📋 News Article 🏷️ Regulation

Simplified: Companies break law when they mislead student borrowers about protections or deny borrowers rightful benefits

1 sources

3 months ago
As we continue to rehabilitate the student loan portfolio, we must also ensure there are accountability measures at every step of the student aid process. 0.950

👤 U.S. Secretary of Education Linda McMahon 📋 Press Release 🏷️ Finance , Regulation

Simplified: Ensure accountability measures at every step of student aid process

2 sources

3 months ago
On Wednesday, many officials questioned why a particular drone incursion would have prompted such a sweeping response from the F.A.A. 0.900

👤 The author 📋 News Article 🏷️ Military , Regulation

Simplified: On Wednesday many officials questioned why particular drone incursion would have prompted such sweeping response from FAA

1 sources

3 months ago
On Jan. 3, for example, when the U.S. military captured Nicolás Maduro, the Venezuelan leader, and his wife, the F.A.A. issued emergency orders barring U.S. flights from operating in the region around... 0.950

👤 The author 📋 News Article 🏷️ Safety , Regulation , Historical

Simplified: January 3 U.S. military captured Nicolás Maduro F.A.A. issued emergency orders barring U.S. flights operating around Venezuela closing U.S.-controlled...

1 sources

3 months ago
The F.A.A.’s original notice said that the closure would not affect Mexican airspace. 0.900

👤 The author 📋 News Article 🏷️ Aviation , Regulation

Simplified: FAA original notice said closure would not affect Mexican airspace

1 sources

3 months ago
F.A.A. officials had warned the Pentagon that if they were not given sufficient time and information to conduct their review, they would have no choice but to shut down the nearby airspace. 0.900

👤 The author 📋 News Article 🏷️ Aviation , Military , Regulation

Simplified: FAA officials had warned Pentagon that if not given sufficient time information to conduct review they would have no choice but to shut down nearby ai...

2 sources

3 months ago
That operation was carried out without proper coordination with the F.A.A., the people said. 0.900

👤 The author 📋 News Article 🏷️ Military , Regulation

Simplified: Operation was carried out without proper coordination with FAA people said

2 sources

3 months ago
F.A.A. officials responded by imposing a rare, 10-day closure of the surrounding airspace up to 18,000 feet, out of concern for the safety of other aircraft in the region, citing “special security rea... 0.900

👤 The author 📋 News Article 🏷️ Aviation , Safety , Regulation

Simplified: FAA officials responded by imposing rare 10-day closure of surrounding airspace up to 18000 feet out of concern for safety of other aircraft in region...

1 sources

3 months ago