#Predatory-Lending
Events indexed under #Predatory-Lending — 20 entries in the record.
Activity over time
Events per year
| Date | Event | Lanes | Status |
|---|---|---|---|
| 2017-12-11 | Betsy DeVos Blocks Debt Relief for 200,000 Defrauded For-Profit College Students Despite Career Staff Recommendations Betsy DeVos · U.S. Department of Education · Corinthian Colleges · ITT Technical Institute | confirmed | |
| 2017-11-24 | Trump Installs Mick Mulvaney as CFPB Acting Director, Beginning Systematic Gutting of Consumer Protection Agency Mick Mulvaney · Donald Trump · Consumer Financial Protection Bureau | confirmed | |
| 2017-10-05 | CFPB Finalizes Payday Lending Rule Requiring Ability-to-Repay Assessment After Industry Spent $13 Million Lobbying Consumer Financial Protection Bureau · Community Financial Services Association of America · Jeb Hensarling | confirmed | |
| 2017-01-17 | CFPB Sues Navient for Systematically Cheating 12 Million Student Loan Borrowers Through Illegal Servicing Practices Consumer Financial Protection Bureau · Navient Corporation · Sallie Mae | confirmed | |
| 2016-09-06 | ITT Technical Institute Closes Permanently After Federal Fraud Findings Leave 35,000 Students With Worthless Degrees ITT Technical Institute · Kevin Modany · Daniel Fitzpatrick · U.S. Department of Education · +1 | confirmed | |
| 2015-11-16 | Education Management Corporation (EDMC) Settles Largest-Ever For-Profit Education Fraud Case for $95.5 Million, Forgives $103 Million in Student Loans Education Management Corporation (EDMC) · Art Institutes · Argosy University · Brown Mackie College · +3 | confirmed | |
| 2015-04-27 | Corinthian Colleges Files Bankruptcy After Federal Crackdown on For-Profit College Fraud Corinthian Colleges · U.S. Department of Education · Consumer Financial Protection Bureau · Association of Private Sector Colleges and Universities | confirmed | |
| 2012-07-30 | Senate Harkin Report Documents Massive Fraud and Abuse in For-Profit College Industry Senator Tom Harkin · Senate HELP Committee · University of Phoenix · Corinthian Colleges · +4 | confirmed | |
| 2010-07-21 | Dodd-Frank Act Creates Consumer Financial Protection Bureau to Regulate Predatory Lending Barack Obama · Elizabeth Warren · Richard Cordray · Consumer Financial Protection Bureau | confirmed | |
| 2009-06-08 | Wells Fargo Loan Officers Reveal "Ghetto Loans" and "Mud People" Targeting: Racial Predation in Subprime Lending Documented Wells Fargo · NAACP · City of Baltimore | confirmed | |
| 2008-07-01 | Bank of America Completes $4 Billion Acquisition of Countrywide Financial After Predatory Lending and Fraud Schemes Targeting Minorities Caused $50 Billion in Losses, with CEO Angelo Mozilo Paying Only $67.5 Million SEC Settlement and Facing Zero Criminal Charges Angelo Mozilo · Countrywide Financial · Bank of America · Securities and Exchange Commission · +2 | confirmed | |
| 2006-12-31 | New Century Financial Conceals Massive Early Payment Defaults Through Accounting Fraud in 2006 New Century Financial Corporation · Brad Morrice · David Einhorn · Securities and Exchange Commission · +1 | confirmed | |
| 2006-09-29 | Federal Regulators Issue Weakened Mortgage Guidance After Year of Industry Lobbying, Ignoring Warnings Office of the Comptroller of the Currency · Federal Reserve · Federal Deposit Insurance Corporation · Office of Thrift Supervision · +8 | confirmed | |
| 2006-07-01 | Housing Bubble Peaks as Predatory Subprime Lending Reaches Maximum, Setting Stage for Collapse Countrywide Financial · New Century Financial · Washington Mutual · Ameriquest · +2 | confirmed | |
| 2006-01-23 | Ameriquest Agrees to $325 Million Settlement for Predatory Lending Practices with 49 States Ameriquest Mortgage Company · ACC Capital Holdings · State Attorneys General · California Attorney General Bill Lockyer · +1 | confirmed | |
| 2006-01-01 | Countrywide Begins Process to Switch to Office of Thrift Supervision for Lighter Regulation Countrywide Financial · Angelo Mozilo · Office of Thrift Supervision · Office of the Comptroller of the Currency · +1 | confirmed | |
| 2006-01-01 | IndyMac and WaMu Drive Option ARM Mortgages to 42% of Adjustable-Rate Market in 2006 IndyMac Bank · Washington Mutual · Countrywide Financial · Wachovia · +3 | confirmed | |
| 2004-01-13 | OCC Federal Preemption Blocks State Anti-Predatory Lending Protections OCC · John Hawke Jr · Julie Williams · Eliot Spitzer · +3 | confirmed | |
| 2003-01-07 | OCC Preempts Georgia Fair Lending Law, Blocking State Consumer Protections Office of the Comptroller of the Currency · John Hawke Jr · Georgia State Legislature · National City Bank · +1 | confirmed | |
| 2000-03-01 | Subprime Lending Explodes as Predatory Practices Spread to Minority Communities Household Finance Corporation · Associates First Capital · Citigroup · Ameriquest · +1 | confirmed |