Consumer advisory: Virtual currencies and what you should know about them
You may have heard about virtual currencies like Bitcoin, XRP, and Dogecoin. But what are virtual currencies?
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CFPB Warns Consumers About Bitcoin
CFPB Now Accepting Complaints on Virtual Currency Products and Services Today the Bureau issued a consumer advisory warning consumers about the risks of...
CFPB Finds Small Debit Purchases Lead to Expensive Overdraft Charges
Majority of Debit Card Overdraft Fees Incurred on Transactions of $24 or Less Today, the Bureau released a report that raises concerns about the impact of...
Prepared Remarks of CFPB Director Richard Cordray on the Overdraft Data Point Press Call
Thank you all for joining me today for the release of the Bureau's data point on checking account overdrafts. This is our second report on overdraft that...
Written Testimony of CFPB Director Richard Cordray Before the House Committee on Financial Services Subcommittee on Oversight and Investigation
Chairman McHenry, Ranking Member Green, and Members of the Subcommittee, I am glad to be here today to address certain personnel and management matters at...
CFPB Launches Nationwide Effort to Provide Financial Education and Tools to Low-Income Consumers
Today, the Bureau announced that it is partnering with national and local organizations across the country to train social services staff to provide...
CFPB and 13 State Attorneys General Obtain About $92 Million in Debt Relief for Servicemembers Harmed by Predatory Lending Scheme
The Bureau and 13 state attorneys general obtained approximately $92 million in debt relief from Colfax Capital Corporation and Culver Capital, LLC, also...
CFPB Proposes Rule to Improve Information About Access to Credit in the Mortgage Market
Today, the Bureau proposed a rule to improve information reported about the residential mortgage market. The rule would shed more light on consumers' access...
CFPB, FTC and States Announce Sweep Against Foreclosure Relief Scammers
The Bureau, the Federal Trade Commission (FTC), and 15 states announced a sweep against foreclosure relief scammers that used deceptive marketing tactics to...
Consumer advisory: Don’t fall for a foreclosure relief scam or bogus legal help
Along with other cases from federal and state partners, today we charged that mortgage rescue scammers have taken $25 million in illegal advance fees from consumers. It serves as a reminder of how important it is to watch out for scam artists trying to take advantage of people who need help avoiding foreclosure. Read more to learn how to protect yourself from these scams.
Prepared Remarks of CFPB Deputy Director Steve Antonakes on the MARS Enforcement Action Press Call
Thank you for joining us on the call today and my thanks to Katie Fallow at the FTC for her and her staff's hard work on this issue. Today, both the Bureau...
CFPB Begins Accepting Consumer Complaints on Prepaid Cards and Additional Nonbank Products
Nonbank Products Include Debt Settlement and Credit Repair Services, Pawn and Title Loans The Bureau is now accepting complaints from consumers encountering...
Prepared Remarks of CFPB Director Richard Cordray at the Consumer Response Field Hearing
It is indeed an extreme pleasure to be able to experience the true nature of summer here in El Paso in the middle of July. And it is also a pleasure to...
CFPB Proposal Would Give Consumers the Opportunity to Publicly Voice Complaints About Financial Companies
Today, the Bureau is proposing a new policy that would empower consumers to publicly voice their complaints about consumer financial products and services...
CFPB Files Suit Against Debt Collection Lawsuit Mill
Georgia Firm Relies on Deceptive Court Filings and Faulty Evidence to Churn Out Lawsuits Today, the Bureau filed a lawsuit in a federal district court...
Consumer Financial Protection Bureau Issues Guidance Regarding Brokers Shifting To “Mini-Correspondent” Model
Today, the Bureau is issuing guidance regarding mortgage brokers transitioning to a "mini-correspondent" lender model. The CFPB is concerned that some...
CFPB Takes Action Against ACE Cash Express for Pushing Payday Borrowers Into Cycle of Debt
Today, the Bureau took enforcement action against ACE Cash Express, one of the largest payday lenders in the United States, for pushing payday borrowers...
Prepared Remarks of CFPB Director Richard Cordray at the ACE Cash Express Enforcement Action Press Call
Thank you for joining us on today's call. Today we are announcing that we have resolved an investigation and are entering an order against one of the...
Prepared Remarks of CFPB Director Richard Cordray at the U.S. Programme for International Student Assessment Financial Literacy Data Release
The economist John Maynard Keynes was once asked what interest is. He replied simply and directly: "If I let you have a halfpenny and you kept it for a very...
CFPB Clarifies Mortgage Lending Rules to Assist Surviving Family Members
Today, the Bureau is issuing an interpretive rule to clarify that when a borrower dies, the name of the borrower's heir generally may be added to the...
Prepared Remarks of CFPB Director Richard Cordray on the GE Capital Enforcement Action Press Call
Thank you for joining us on this call today. Today, the Bureau is ordering GE Capital Retail Bank, now known as Synchrony Bank, to provide $225 million in...
CFPB Helps Assisted Living and Nursing Facilities Protect Seniors from Financial Abuse
Today, the Bureau released a guide to help assisted living and nursing facility staff better protect the people in their care by preventing and addressing...
CFPB Orders GE Capital to Pay $225 Million in Consumer Relief for Deceptive and Discriminatory Credit Card Practices
The Bureau is ordering GE Capital Retail Bank (GE Capital), now known as Synchrony Bank, to provide an estimated $225 million in relief to consumers harmed...
Prepared Remarks of CFPB Deputy Director Steve Antonakes at the Consumer Advisory Board Meeting
I would like to thank Dr. Maria Sheehan, President of Truckee Meadows Community College for having us here today. And thank you all for coming to this...
Written Testimony of CFPB Director Richard Cordray Before the House Committee on Financial Services
Chairman Hensarling, Ranking Member Waters, and Members of the Committee, thank you for inviting me to testify today about the Semi-Annual Report of the...