Fresh Today

Fresh Today

WASHINGTON—The Consumer Financial Protection Bureau, in partnership with the New York Attorney General, has filed a lawsuit in a federal district court against the leaders of an alleged massive debt collection scheme based out of Buffalo, N.Y.

ALEXANDRIA, Va.—Nomura Asset Acceptance Corporation and Nomura Home Equity Loan, Inc. jointly have agreed to pay more than $3 million to settle claims by the National Credit Union Administration alleging the sale of faulty residential mortgage-backed securities to two corporate credit unions, NCUA reported.

WASHINGTON—The Labor Department has asked the U.S. District Court for the Eastern District of Texas to deny a request for emergency injunction in a case challenging the department’s new overtime rule, which takes effect Dec. 1, NAFCU reported.

DES MOINES, Iowa—Ninety-four percent of frequent Internet users say quality content is the most important reason to continue using a website, asserts TMG.