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Monday, May 24, 2021



So much ignorance from Blankenstein. He claims that the CFPB has no jurisdiction over Libre because it doesn't actually offer the immigrant bond. Wrong. It brokers it, and that's a "consumer financial product or service" under the CFPA. It's notable that this fool couldn't get hired by a law firm, but had to go to an obscure think tank/lobbying front.

Edwin Bell

My personal experience with the CFPB has not been cooperative or helpful. I filed a complaint with the CFPB about a Servicer’s violations of Regulation Z and TILA. The Servicer responded to the complaint by ensuring the CFPB that it would follow the rules explicitly. The servicer’s false and deceptive response prompted the CFPB to close the complaint without any further investigation or enforcement. I filed a second complaint to the CFPB informing them that the original complaint that was closed due to the servicers answer was in error because the servicer continued to violate Regulation Z and TILA. Again, no action was taken by the CFPB. To date, I have NOT received a statement for eighteen (18) months due to the servicers refusal to permit online access or produce any paper statements providing required accounting. The servicer told us that we can figure out our own balance on the mortgage. The servicer is also refusing to provide any information on our variable interest rate as well. The servicer told us to figure out our interest rate based on our contract. They are refusing to provide any statements, any accounting, and any information on our variable interest rate. They are also refusing to provide any online access to our account. This is the type of inadequate CFPB response to consumers that many people are experiencing. If the CFPB is refusing to do their job because they are working for or representing the lenders and servicers than what is the purpose of the agency?

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