From time to time we have posted information about the Consumer Financial Protection Bureau (“CFPB”) because it is an extraordinary agency fighting in the trenches for everyday consumers against big business, including financial institutions that are scamming Americans. On Friday September 8, 2017 the CFPB won a trial in the U.S. District Court, Northern District of California before Judge Richard Seeborg. The CFPB won $7.9 million in its case against Nationwide Biweekly Administration Inc. and its subsidiary, Loan Payment Administration, and its owner, Daniel Lipsk. The CFPB presented testimony by experts as well as everyday consumers, including a retired schoolteacher and a member of the armed services and an FBI agent (all who testified that they had personally been tricked by the defendants).
Read More ›Posts from September 2017.