TransUnion’s Flawed Algorithm: A $15 Million Penalty for Locking Families Out of Homes TL;DR The Facts: TransUnion was sued by the Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB) for violating the Fair Credit Reporting Act (Case No.…
TL;DR Wise US Inc., a fintech company with 3.1 million U.S. customers, was caught running a scheme of deceptive fee disclosures and regulatory violations that cost ordinary consumers real money across multiple product lines simultaneously. Wise told users ATM fees…
EvilCorporations.com • CFPB File No. 2025-CFPB-0002 • 61 min read The Misconduct Credit Scores Are Broken, and Equifax Is Making It Worse A federal consent order has confirmed what millions of Americans already knew from bitter personal experience: Equifax has…
Corporate Predation Inside America’s Jails They Charged Families to Talk to Their Locked-Up Loved Ones. Then They Stole the Money Left Over. EvilCorporations.com • CFPB Case No. 2024-CFPB-0015 | Filed November 14, 2024 • 35 min read Global Tel Link,…
System Failure The Receipts THE ACCUSED: Vanderbilt Mortgage and Finance, Inc., a subsidiary of Clayton Homes, which is a subsidiary of Berkshire Hathaway, Inc. THE CHARGE: Systematically originating predatory mortgage loans for manufactured homes to financially vulnerable people, knowing they…
CFPB Corners Block, Inc: A Pattern of Neglect Freezes Out Cash App Users TL;DR The Facts: The Consumer Financial Protection Bureau (CFPB) initiated proceedings against Block, Inc., operator of Cash App, for widespread violations of consumer protection laws under File…
Capital One’s $2 Billion Bait and Switch TL;DR Capital One aggressively marketed its “360 Savings” account with promises of “top,” “best,” and “highest” interest rates, encouraging millions of customers to deposit their money and trust the bank to deliver. In…
Your Dispute is Designed to Fail TL;DR The Consumer Financial Protection Bureau (CFPB) is suing Experian, one of the largest credit reporting agencies in the country, for systematically violating federal law. The case number is 8:25-cv-00024. Experian’s entire system for…
EvilCorporations.com • Case No. 24-cv-4610 | CFPB v. Walmart Inc. & Branch Messenger, Inc. • 51 min read Gig Drivers Were Left Broke While Walmart Cashed In TL;DR Walmart ran a gig delivery program called Spark Driver and, starting in…
CFPB Federal Lawsuit • Case 2:24-cv-03652-SMB • U.S. District Court, Arizona The Bank Fraud Machine They Called “Safe” How Bank of America, Chase, Wells Fargo, and their jointly owned fintech Early Warning Services built Zelle, marketed it to 143 million…