Newsroom
Consumers Harmed By Inferior Card Terms, Including Higher Interest Rates, Stricter Credit Cutoffs, and Less Debt Forgiveness, Receive Over $95 Million in Redress.
Bureau’s Proposed Settlement Seeks $183.3 million in Relief for 41,000 Harmed Student Borrowers.
Record Student Debt Spurring Employers to Offer Student Loan Repayment Benefits.
New CFPB Study Shows Opted-In Frequent Overdrafters Typically Pay Almost $450 More in Fees.
Bureau’s Order Requires Bank to Pay $4.6 Million Penalty.
Bureau Concerned About Companies Misleading Consumers About Pay-By-Phone Fees, Keeping Them in the Dark About Much Cheaper Options.
Proposed Rule Would Temporarily Raise the Reporting Threshold for Smaller Institutions.
Prepared Remarks of CFPB Director Richard Cordray Director at the Rainbow/PUSH Coalition’s 46th Annual Convention in Chicago, Ill.
Financial Companies Can No Longer Block Consumers From Joining Together to Sue Over Wrongdoing.
Today the Consumer Financial Protection Bureau (CFPB) announced the appointment of new consumer experts from outside the federal government to CFPB's board and councils.
Changes Will Provide More Clarity, Preserve Protections for Consumers.
Report Provides National and State-by-State Overviews of the Complaints Submitted to the Bureau.
Companies and Individuals to Pay More Than $2 Million in Penalties and Relinquished Funds.
Consumer Bureau Launches “Certify Your Service” Campaign to Help Teachers, First Responders, and Other Public Servants Stay on Track.
Proposal Would Adjust Error Resolution Requirements and Provide More Flexibility for Credit Cards Linked to Digital Wallets.
Bureau Notes that Deferred-Interest Promotions May Lack Transparency, Carry Risks to Consumers.
Consumers In Higher-Income Areas More Likely Than Those in Lower-Income Areas to Establish Credit with a Credit Card or Co-Borrower.
Fay Servicing to Pay up to $1.15 Million to Borrowers Harmed by Illegal Servicing Practices.
Report Shows Older Consumers Report Problems with Reverse Mortgages, Scams, Credit Cards, and Add-On Products.
Nearly Half of the Highest-Risk Borrowers Not Enrolled in an Affordable Repayment Plan Redefault.
CFPB Asks for Public Feedback on Ways to Bridge the Information Gap on Small Business Lending.
Bureau Alleges Companies Deceived Consumers About Debt That Was Not Legally Owed.
Report Discusses Current Approaches and Business Case for Diversity and Inclusion.
Auto Loan Company Failed to Provide Redress For Illegal Collection Tactics.
Bureau Recovered $6.1 Million for 16,000 Consumers Harmed By Auto Loan Originators.
