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Since the creation of the CFPB, the agency has returned $20.7 billion to consumers through law enforcement activity and created unquantifiable returns for the over 205 million Americans harmed by the illegal practices that we have stopped.

Today, the CFPB finalized a rule outlining the qualifications to become a recognized industry standard setting body, which can issue standards that companies can use to help them comply with the CFPB’s upcoming Personal Financial Data Rights Rule.

The CFPB today issued a circular warning against the use of unlawful or unenforceable terms and conditions in contracts for consumer financial products or services.

CFPB Director Rohit Chopra provided remarks regarding the Supreme Court’s decision in CFPB v. CFSA.

The Federal Reserve Board and the Consumer Financial Protection Bureau announce inflation-adjusted dollar thresholds for Regulation CC funds availability

CFPB Director Rohit Chopra issued a statement on the Financial Stability Oversight Council’s Nonbank Mortgage Company Report

CFPB Director Rohit Chopra issued a statement on the proposed rules regarding Wall Street compensation and bonuses.

CFPB Director Rohit Chopra provided a statement on the Banking in Video Games and Virtual Worlds report.

The CFPB issued a report examining the growth of digital commerce in online video games and virtual worlds.

CFPB Director Rohit Chopra provided remarks at the National Community Reinvestment Coalition’s Just Economy Conference.

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

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

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

The CFPB today proposed a rule to rein in excessive overdraft fees charged by the nation’s biggest financial institutions.

Director Chopra delivered remarks on the CFPB’s proposed overdraft lending rule.

The FDIC Board of Directors is voting on a final rule to update the framework governing official FDIC signs and advertising requirements, as well as misrepresentations related to federal deposit insurance.

The Consumer Financial Protection Bureau (CFPB) today issued a new report finding that many consumers are still being hit with unexpected overdraft and nonsufficient fund (NSF) fees, despite recent changes implemented by banks and credit unions that have eliminated billions of dollars in fees charged each year.

The Consumer Financial Protection Bureau found that many college-sponsored financial products have higher fees and worse terms and conditions compared to typical market products.

The Consumer Financial Protection Bureau ordered U.S. Bank to pay nearly $21 million for keeping consumers from accessing unemployment benefits during the COVID-19 pandemic.

Nine months ago, several large domestic systemically important banks (DSIBs) failed. The stress in the financial system led policymakers to take emergency actions to halt the contagion.

The Consumer Financial Protection Bureau (CFPB) today took action against Atlantic Union Bank for illegally enrolling thousands of customers in checking account overdraft programs.

I am proud of the CFPB’s work in getting consumers the resolutions they deserve, often through referrals from local organizations, Congressional offices, and many others.

I am pleased to share that the CFPB has reached important milestones on critical priorities.

The government’s promise that insured deposits will be protected from loss in the event of a bank failure has been the backbone of banking system stability for 90 years. The Federal Deposit Insurance Corporation’s stewardship of the Deposit Insurance Fund is vital to keeping that promise and maintaining the public’s confidence.

In March 2023, the failures of Silicon Valley Bank and Signature Bank threatened to create cascading stress throughout the banking system and inflict serious damage on the economy.