Real-time risk signals across U.S. organizations

On December 6, 2024, the CFPB filed a complaint against Comerica Bank for unfair practices violating the Consumer Financial Protection Act and the Electronic Fund Transfer Act. The case was dismissed on April 11, 2025.

The CFPB filed a lawsuit against Early Warning Services, LLC and major banks for violating consumer protection laws. The case was dismissed with prejudice on March 5, 2025, in Arizona.

The CFPB filed a lawsuit against Rocket Homes and JMG Holding Partners for violating the Real Estate Settlement Procedures Act. The case was voluntarily dismissed with prejudice on February 27, 2025, in the U.S. District Court for the Eastern District of Michigan.

The CFPB filed a complaint against Walmart Inc. and Branch Messenger, Inc. for unfair and deceptive practices related to deposit accounts. The case was voluntarily dismissed with prejudice on May 13, 2025.

On January 7, 2025, the CFPB filed a lawsuit against Experian for violating the Fair Credit Reporting Act by failing to properly investigate disputed information in credit files. The Bureau seeks compliance, consumer redress, and civil penalties.

The SEC filed 456 enforcement actions in FY 2025, obtaining $17.9 billion in monetary relief, focusing on investor protection and fraud. Washington, D.C.

The CFPB has filed a lawsuit against ACE Cash Express for failing to disclose no-cost repayment plans and for improperly withdrawing funds from consumers' accounts. The action took place in the finance sector.

The Consumer Financial Protection Bureau (CFPB) has finalized a rule to supervise large nonbank digital payment companies, ensuring compliance with federal laws to protect consumer data and prevent fraud. This rule targets companies processing over 50 million transactions annually, enhancing oversight in Washington, D.C.

The Consumer Financial Protection Bureau (CFPB) issued a report on financial transactions in online video games, highlighting consumer risks and scams. The CFPB will monitor compliance with federal consumer financial protection laws in this sector.

The CFPB has ordered Equifax to pay a $15 million penalty for failing to properly investigate consumer disputes regarding credit reporting errors. This action addresses violations of the Fair Credit Reporting Act and requires compliance with federal law. Location: Washington, D.C.

The CFPB issued an advisory opinion stating that consumer reporting companies violate the law by using inadequate name-matching procedures, which can lead to wrongful disqualifications in housing and employment. This affects vulnerable communities disproportionately.

On February 6, 2020, the SEC obtained a partial consent judgment against Ashik Desai, a former executive of Outcome Health, for fraud involving nearly $487 million raised from investors. The judgment permanently enjoins Desai from violating antifraud provisions of the Securities Act and Exchange Act.

The SEC obtained a judgment against David Goulding, former Chief Compliance Officer of The Nutmeg Group LLC, for aiding and abetting fraud and misappropriating client assets, ordering him to pay $28,935 in disgorgement and interest. The judgment was entered in Illinois.

The SEC charged Michael W. Ackerman for orchestrating a cryptocurrency scheme that defrauded approximately 150 investors, raising at least $33 million. The scheme misled investors about trading performance and used funds for personal enrichment. Location: New York, NY.

The SEC settled charges against Timothy W. Crawford, former CEO of Cardinal Energy Group, for fraudulently concealing revenue loss. He faces a $50,000 civil penalty and a five-year bar from serving as an officer or director.

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Capital One for allegedly cheating consumers out of more than $2 billion in interest payments on savings accounts. The case highlights significant compliance violations in the financial sector.

The CFPB warns remittance transfer providers against false advertising regarding fees and transfer speeds, highlighting deceptive practices that violate federal law. This guidance applies to both traditional and digital wallet providers in the U.S.

The CFPB has established supervisory authority over Google Payment Corp. to ensure compliance with consumer financial protection laws. This order follows a contested designation and aims to enhance transparency regarding consumer risk assessments. Location: Washington, D.C.

The CFPB released an enforcement memorandum addressing deceptive practices regarding FDIC insurance claims. Firms are prohibited from misusing the FDIC name or logo, which can mislead consumers about deposit insurance. Washington, D.C.

The FDIC and CFPB ordered Discover Bank to refund $200 million to over 3.5 million consumers and pay a $14 million penalty for deceptive telemarketing practices. The action addresses misleading sales tactics related to credit card add-on products.

The CFPB issued an advisory opinion to protect consumers from illegal referral fees on digital mortgage comparison platforms. These platforms may steer shoppers to lenders paying kickbacks, violating RESPA. Location: Washington, D.C.

The CFPB ordered Equifax and TransUnion to pay over $17.6 million in restitution and $5.5 million in penalties for deceiving consumers about credit scores and subscription services. The action affects consumers nationwide.

The CFPB has charged TransUnion and senior executive John Danaher for violating a law enforcement order. This action highlights the importance of compliance in the finance sector.

The FTC settled with Celsius Network, permanently banning it from handling consumer assets and charging three former executives for deceiving consumers. The settlement includes a suspended judgment of $4.7 billion to allow asset return in bankruptcy proceedings.

The Consumer Financial Protection Bureau settles its lawsuit against Encore Capital Group and subsidiaries for violating consumer protection laws, requiring $79,308.81 in consumer redress and a $15 million penalty. The settlement addresses violations of the Fair Debt Collection Practices Act and the Consumer Financial Protection Act in San Diego, CA.

The CFPB has filed a lawsuit against TransUnion and executive John T. Danaher for violating a 2017 law enforcement order regarding deceptive marketing practices. The lawsuit highlights ongoing misconduct and the use of digital dark patterns to mislead consumers.

The Consumer Financial Protection Bureau (CFPB) has ordered Bank of America to pay $12 million for reporting false mortgage data. This enforcement action addresses violations related to mortgage reporting practices.

The CFPB has issued orders to five BNPL companies, including Affirm and PayPal, to collect information on risks and benefits of these loans. The inquiry aims to address concerns about accumulating debt and regulatory compliance.

The Consumer Financial Protection Bureau (CFPB) warns credit card companies about deceptive marketing of promotional interest-rate offers that can lead to surprise charges for consumers. The CFPB emphasizes the need for clear disclosures regarding costs and risks associated with these offers.

The SEC has filed an application in the District of Massachusetts to compel Gary C. Halbert, Bond Halbert, Cherrywood Publishing, Inc., and John Doe to comply with subpoenas for documents and testimony related to a formal investigation into possible violations of federal securities laws.

The SEC charged Presidents Trust Company, LLC, along with Jon Patrick Pierce and David D. Klasna, for fraudulent activities. The enforcement action was announced on December 31, 2003.

WorldCom, Inc. has consented to a civil penalty of $1.51 billion as part of a settlement with the SEC regarding allegations of financial misconduct. The settlement will be resolved through its Chapter 11 proceedings in New York.

The SEC has obtained a final judgment against U.S. Bancorp Piper Jaffray Inc., permanently enjoining the firm from violating securities laws related to research reports and conflicts of interest. This action took place in the Southern District of New York.

The SEC charged Nu-Life International of Georgia, Inc. and Gene Arthur for securities fraud, resulting in a $150,000 penalty. The case was settled on September 30, 1996, in Georgia.

The SEC has charged Christopher Joseph Bongiorno and Jason Allan Arthur with securities violations. The case is ongoing, with further details to be released. Location: Unknown.

The CFPB took action against Performant Recovery, Inc. for unlawful student loan debt collection practices, imposing a $700,000 penalty and banning the company from servicing student loans. The violations cost borrowers thousands of dollars in fees.

The CFPB ordered Block, the operator of Cash App, to pay $175 million for failing to investigate unauthorized transactions and for poor customer service. The order includes $120 million in refunds to consumers and a $55 million penalty. Location: Washington, D.C.

On February 3, 2020, a jury found Charlie Jinan Chen liable for insider trading related to Vistaprint, resulting in over $800,000 in illicit profits. The SEC is seeking disgorgement and potential civil penalties.

The Bureau of Consumer Financial Protection filed a complaint against Village Capital & Investment LLC for misleading veterans about mortgage refinancing benefits. The proposed settlement requires Village Capital to pay $268,869 in consumer redress and a $260,000 civil penalty in Henderson, NV.