Newsroom | Consumer Financial Protection Bureau

Press release

Published MAR 27, 2024

CFPB Takes Action to Halt False Claims of 'Free' International Money Transfers

The Consumer Financial Protection Bureau issued a new circular warning remittance transfer providers that false advertising about the cost or speed of sending a remittance transfer can violate federal law.

Speech

Published MAR 27, 2024

Prepared Remarks of CFPB Director Rohit Chopra for CBA Live

Director Chopra provided remarks at CBA Live on March 26, 2024.

Press release

Published MAR 26, 2024

CFPB Joins Federal and State Agencies in Coordinated Statements on Tech & Enforcement

Today, a number of federal and state agencies released agency-specific action statements on tech capacity.

Technologist

Press release

Published MAR 26, 2024

2023 HMDA Data on Mortgage Lending Now Available

The Home Mortgage Disclosure Act (or "HMDA") Modified Loan Application Register (or "LAR") data for 2023 are now available on the Federal Financial Institutions Examination Council’s (or "FFIEC") HMDA Platform for HMDA filers.

Director's statement

Published MAR 26, 2024

Statement of CFPB Director Rohit Chopra and Chief Technologist Erie Meyer on Enhancing Agency Capabilities to Address Transformative Technologies

The CFPB is working to be a leader when it comes to building agency capabilities to address transformative technologies.

Technologist

Letter

Published MAR 25, 2024

CFPB Letter to California State Legislature on Barring Medical Bills on Credit Reports

A letter written by Director Rohit Chopra to Senator Monique Limón of the California State Senate.

By Rohit Chopra

Speech

Published MAR 21, 2024

Prepared Remarks of CFPB Director Rohit Chopra at the Peterson Institute for International Economics Event on Revitalizing Bank Merger Review

Director Chopra provided remarks at the Peterson Institute for International Economics on ways to improve the rigor of bank merger review.

Banking

Director's statement

Published MAR 18, 2024

Submission of CFPB Director Rohit Chopra to the Appraisal Subcommittee Regarding Oversight of the Appraisal Foundation

On March 8, 2024, CFPB Director Rohit Chopra submitted a comment to the Appraisal Subcommittee regarding oversight of The Appraisal Foundation.

Speech

Published MAR 13, 2024

Prepared Remarks of CFPB Director Rohit Chopra at the Financial Data Exchange Global Summit

Director Chopra provided remarks at the Financial Data Exchange Global Summit.

Banking

Consumer advisories

Published MAR 11, 2024

Consumer Advisory: Opportunity to cancel student loan debt ends soon

Many student loan borrowers have an opportunity to have their entire student loans cancelled or receive more credit towards cancellation, but they must act before April 30, 2024.

By Consumer Financial Protection Bureau

Letter

Published MAR 11, 2024

CFPB Letter to New York State on the Prohibition on Abusive Conduct

A letter written by Brian Shearer, CFPB Assistant Director of the Office of Policy Planning and Strategy, to Kathy Hochul, Governor of New York State, and members of the New York State Assembly and Senate.

By Brian Shearer

Deceptive practices

Letter

Published MAR 08, 2024

CFPB Director Rohit Chopra’s Letter to the Appraisal Subcommittee

A letter written by Director Rohit Chopra to the Appraisal Subcommittee.

By Rohit Chopra

Press release

Published MAR 05, 2024

CFPB Prohíbe el Cobro de Excesivas Penalidades por Atraso en Tarjetas de Crédito, la Tarifa Típica Baja de $32 a $8

La CFPB finalizó hoy una normativa que corta el cobro de excesivas penalidades por atraso en tarjetas de crédito al cerrar un vacío legal, explotado por los grandes emisores de las mismas.

Press release

Published MAR 05, 2024

CFPB Bans Excessive Credit Card Late Fees, Lowers Typical Fee from $32 to $8

The Consumer Financial Protection Bureau (CFPB) ) finalized a rule today to cut excessive credit card late fees by closing a loophole exploited by large card issuers.

Director's statement

Published MAR 05, 2024

Statement of CFPB Director Rohit Chopra on the Final Rule to Close the Credit Card Late Fee Loophole

The Consumer Financial Protection Bureau is taking action to rein in junk fees on credit cards, increase competition, and put billions of dollars back in the pockets of American families.

Press release

Published FEB 29, 2024

CFPB Emite Directrices para Regir los Resultados Arreglados de Comparaciones de Tarjetas de Crédito y Otros Productos Financieros

CFPB explica como las compañías que operan herramientas de comparación de productos financieros, pueden violar la ley cuando favorecen a ciertos productos o prestamistas, porque reciben comisiones por ello.

Press release

Published FEB 29, 2024

CFPB Issues Guidance to Rein in Rigged Comparison-Shopping Results for Credit Cards and Other Financial Products

The CFPB explained how companies operating comparison-shopping tools can break the law when they steer consumers to certain products or lenders because of kickbacks.

Director's statement

Published FEB 28, 2024

CFPB Director Rohit Chopra Releases a Statement in Response to President Biden’s Executive Order To Protect Americans’ Sensitive Personal Data

CFPB Director Rohit Chopra releases a statement in response to President Biden’s Executive Order to protect Americans’ sensitive personal data.

Press release

Published FEB 23, 2024

CFPB Orders Federal Supervision for Installment Lender Following Contested Designation

The Consumer Financial Protection Bureau (CFPB) today published an order establishing supervisory authority over installment lender World Acceptance.

Press release

Published FEB 16, 2024

CFPB Report Finds Large Banks Charge Higher Credit Card Interest Rates than Small Banks and Credit Unions

The Consumer Financial Protection Bureau (CFPB) today reported on the first set of results from the newly updated Terms of Credit Card Plans survey.

Press release

Published FEB 16, 2024

CFPB Issues Revised Supervisory Appeals Process

The Consumer Financial Protection Bureau (CFPB) issued a procedural rule updating the process by which financial institutions can appeal supervisory findings.

Supervision

Press release

Published FEB 12, 2024

FFIEC Issues Statement on Examination Principles Related to Valuation Discrimination and Bias in Residential Lending

FFIEC Statement on Examination Principles Related to Valuation Discrimination and Bias in Residential Lending

Press release

Published FEB 08, 2024

CFPB Secures $12 Million From Ringleaders of Foreclosure Relief Scam

The Consumer Financial Protection Bureau resolved an appeal in a long-running enforcement suit against a foreclosure relief scam operation for $12 million.

Press release

Published FEB 08, 2024

CFPB Recupera $12 Millones de Jefes de una Estafa con Alivio de Ejecución Hipotecaria

CFPB resuelve apelación en una demanda por $12 millones que tenía tiempo en proceso, contra una operación de estafa con alivio de ejecución hipotecaria.

Press release

Published JAN 24, 2024

CFPB Proposes Rule to Stop New Junk Fees on Bank Accounts

The Consumer Financial Protection Bureau proposed to block financial institutions from one potential source of new junk fee revenue – fees on instantaneously declined transactions.