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Director Chopra reacts to Apple’s recent announcement about planned changes to “tap-to-pay” functionality on its iOS devices.

The CFPB has found that people are paying more for their cash, not only at out-of-network ATMs, but also at places like grocery stores and retailers that previously provided access for free.

The CFPB has received feedback on its BNPL interpretive rule and will now provide more clarity and guidance on company compliance and the benefits to consumers.

Nuestro director, Rohit Chopra se reunió con gente de Alabama, Louisiana y Texas. Combinando sus observaciones sobre el terreno, con los datos de las quejas que hemos recibido, pudimos identificar y abordar los retos financieros existentes en la costa del Golfo.

CFPB Director Rohit Chopra recently met with people in Alabama, Louisiana, and Texas. He combines his on-the-ground observations with the CFPB’s complaint data to identify and address financial challenges along the Gulf Coast.

The CFPB approved a rule to address the current and future applications of complex algorithms and artificial intelligence used to estimate home values.

Hemos aprobado una normativa que regula el uso actual y futuro de complejos algoritmos e inteligencia artificial, en la estimación del valor de las viviendas.

CFPB will propose streamlining the existing mortgage servicing rules to promote greater agility on the part of mortgage servicers in responding to future economic shocks while also continuing to ensure they meet their obligations for assisting borrowers promptly and fairly.

Propondremos la agilización de la administración de hipotecas para promover más rapidez en su respuesta a futuras crisis económicas.

The CFPB is working to accelerate the shift to open banking through a new personal data rights rule intended to break down these obstacles, jumpstart competition, and protect financial privacy.

En la CFPB trabajamos para acelerar el cambio a una banca abierta a través de una nueva normativa sobre datos personales.

Estamos tomando un nuevo paso para asegurar que las decisiones tomadas por modelos automáticos, a veces mercadeadas como inteligencia artificial, sean responsables.

Today, the CFPB is taking another step toward ensuring accountability for automated decision models, sometimes marketed as artificial intelligence (AI).

The CFPB is exploring long-term solutions to move away from single points of failure, ensure system resilience, and eliminate unnecessary complexity in rulemaking.

Dadas las tendencias que enfrentan los usuarios en el país, en la CFPB estimamos que la deuda en tarjetas de crédito podría llegar a $1 trillón.

Credit cards are one of the most common financial products in our country, providing the bulk of short-term credit for families. Interest rates on credit cards have risen substantially, with average interest rates going over 20%. Given the trends for the 175 million Americans with credit cards, the CFPB estimates that outstanding credit card debt may continue to set records and could even hit $1 trillion.

The CFPB is seeking to move away from highly complicated rules that have long been a staple of consumer financial regulation and towards simpler and clearer rules.

Financial companies that collect and process loan payments play a critical role in consumer finance markets. The Consumer Financial Protection Bureau (CFPB) is the primary federal regulator of the consumer debt collection industry, and today, we submitted our annual report to Congress on the Fair Debt Collection Practices Act (FDCPA).

As the economy recovers from the global pandemic, American families and businesses are experiencing higher prices.

A new Request for Information will help inform a review of the FDIC and OCC’s Bank Merger Act policies.

The CFPB issued additional guidance to staff reminding them to report ethics violations, such as suspicious communications and activity by former employees to agency officials.

Today, I was sworn in as Director of the CFPB. I am honored to lead this organization, which plays an essential role within the Federal Reserve System.

How to give back to your community by volunteering for VITA and TCE to support consumers with low incomes.

En efecto desde el 31 de agosto del 2021, la nueva normativa les exige a los administradores hipotecarios ofrecerles a los propietarios, oportunidades reales para evitar el “foreclosure” y mantenerse en sus viviendas mientras las protecciones expiran.

Effective August 31, 2021, a new rule requires mortgage servicers to provide meaningful opportunities for homeowners to avoid foreclosure and keep their homes as certain federal forbearance programs begin to expire.