Blog

Policy and compliance

Published SEP 24, 2024

CFPB launches public comment process for open banking standard setter recognition

The public can submit comments on open banking standard-setter applications to ensure the development of fair and effective open banking standards that serve the interests of all stakeholders, especially consumers.

• • Banking
• • Checking account
• • Credit cards
• • Data
• • Debit cards
• • Electronic payments
• • Privacy

Director's notebook

Published AUG 27, 2024

Preserving free access to money in your account

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.

By Rohit Chopra

• • Banking
• • Debit cards
• • Prepaid cards

Info for consumers

Published MAR 13, 2018

People harmed by the RushCard outages in October 2015 may be eligible to receive compensation

Thousands of people will receive compensation for RushCard outages in 2015.

By Desmond Brown

• • Civil Penalty Fund
• • Credit cards
• • Debit cards

Info for consumers

Published NOV 22, 2017

A five-step spending plan to avoid holiday debt

As you prepare to celebrate the holidays, take some time to put together a holiday spending plan to help you stay on track.

By Kristin Dohn

• • Credit cards
• • Debit cards

Info for consumers

Published JAN 19, 2017

Understanding the Overdraft “Opt-in” Choice

Banks and credit unions can only charge you overdraft fees on one-time debit card transactions and ATM withdrawals if you "opt in." Learn more about the opt...

By Gary Stein

• • Checking account
• • Debit cards
• • Overdraft

Info for consumers

Published SEP 29, 2015

What’s that chip doing on my credit card?

Lately, we've received questions from people wanting to know what these chips are and how they work. As a new federal agency, we're committed to providing...

By Will Wade-Gery

• • Credit cards
• • Debit cards
• • Identity theft and fraud

Data, research, and reports

Published DEC 15, 2014

Sunshine for college credit card agreements

Today, we're releasing a report that looks at deals between financial institutions and colleges to market credit cards to students. This year we found that...

By Will Sealy and Wei Zhang

• • Academic Research Council
• • Consumer complaints
• • Credit cards
• • Debit cards
• • Prepaid cards
• • Students

Info for consumers

Published JAN 27, 2014

Four steps you can take if you think your credit or debit card data was hacked

The recent data breach and theft of credit and debit card information at Target retail stores could impact tens of millions of consumers, and we want to let...

By Gail Hillebrand

• • Credit cards
• • Debit cards
• • Identity theft and fraud

Info for consumers

Published SEP 05, 2013

Reminder: Accessing your scholarships and student loan funds

Many college students receive scholarships, grants, and student loans to help them pay rent, get to and from school, and cover other costs, like textbooks...

By Patrick Campbell and Rohit Chopra

• • Debit cards
• • Student loans

Policy and compliance

Published JAN 31, 2013

Your two cents on student cards and bank accounts

Today, we're launching an initiative on student cards and bank accounts and we want your input. We've published a Notice and Request for Information...

By Patrick Campbell and Rohit Chopra

• • Debit cards
• • Students