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Consumer Financial Protection Bureau

Consumer Basics

Consumer Financial Protection Bureau

Congress created the CFPB after the 2009 financial crisis to regulate mortgages, student loans, credit cards, and other financial products and services used by consumers.

OppLoans

Class Action

OppLoans

Allegations: Monitoring borrowers’ bank account balances and, when it detects a relatively large balance, sending unsolicited emails encouraging borrowers to refinance into new loans at 160% APR, a rate that…

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