On November 20, the CFPB, along with 11 state attorneys general and state regulators, entered into a stipulated final judgement and order with a Delaware-based company and two affiliated companies (“defendants”) in the education financing sector to settle allegations in violation of the CFPA, TILA/Regulation Z, and the FDCPA in connection with the defendants’ unlawful practices in originating, servicing, collecting, and enforcing income sharing agreements (“ISA”) (we have discussed ISAs in prior blog posts here and here).
