CFPB Announces Two Annual Threshold Adjustments
HMDA Asset-Size Exemption Threshold Unchanged at $44 Million; Higher-Priced Mortgage Loan Escrow Account Exemption Threshold Declines to $2.052 Billion The...
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CFPB Takes Action Against Lead Aggregators for Online Trafficking of Personal Information
T3Leads and Lead Publisher Exposed Consumers to Harassment and Deceit The Bureau today took separate actions against a company and an individual that resold...
CFPB Orders CarHop to Pay $6.4 Million Penalty for Jeopardizing Consumers’ Credit
One of Nation's Biggest "Buy-Here, Pay-Here" Auto Dealers Provided Inaccurate Credit Information Today the Bureau is taking action against CarHop, one of...
CFPB Warns Colleges About Secret Campus Credit Card Contracts
Bureau Also Releases Safe Student Account Toolkit to Help Colleges Avoid Promoting Prepaid and Debit Products with Surprise Fees Today, the Bureau sent...
CFPB Orders EZCORP to Pay $10 Million for Illegal Debt Collection Tactics
Bureau Issues Industry-Wide Warning On Home, Workplace Debt Collection Risks The Bureau today took action against EZCORP, Inc., a small-dollar lender, for...
CFPB Announces New General Counsel
The Bureau today announced that Mary McLeod will join the Bureau as General Counsel, upon the departure of current General Counsel and Acting Deputy...
CFPB Releases Tool to Help Measure Financial Well-Being
Resource Will Provide Questions Financial Educators Can Use to Assess the Financial Wellness of Consumers Today the Bureau is releasing a tool to measure...
CFPB Takes Action Against Debt Collector for Pursuing Disputed and Unverified Cellphone Debts
EOS to Pay More than $2.5 Million in Refunds and Penalties Today the Bureau filed a federal complaint against EOS CCA (EOS), a Massachusetts debt collection...
CFPB Orders Subprime Credit Reporting Company and Owner to Pay $8 Million Penalty for Illegal Practices
Company Mishandled Consumer Reports, Failed to Investigate Consumer Disputes Today, the Bureau took action against a nationwide credit reporting company...
CFPB Finds CARD Act Helped Consumers Avoid More Than $16 Billion in Gotcha Credit Card Fees
Concerns Remain About Other Back-End Practices Such As Deferred-Interest Promotions The Bureau today released a report detailing how the Credit Card...
Agencies Announce Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans
The Bureau, Federal Reserve Board, and Office of the Comptroller of the Currency (OCC) today announced that the threshold for exempting loans from special...
Agencies Announce Dollar Thresholds in Regulations Z and M for Exempt Consumer Credit and Lease Transactions
The Federal Reserve Board and the Bureau today announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that...
CFPB Monthly Complaint Snapshot Examines Bank Account and Service Complaints
Report Also Includes In-Depth Look at Consumer Complaints from Connecticut Today, the Bureau released its latest monthly consumer complaint snapshot...
CFPB Alerts Companies About Obtaining Consumer Authorization For Recurring Auto Debits
Bureau Publishes Action Letters for Consumers Seeking to Stop Auto Debits Today, the Bureau issued a bulletin alerting companies that they must obtain...
CFPB Takes Action Against Online Lender for Deceiving Borrowers
Bureau Alleges Integrity Advance Misrepresented the Cost of Loans, Seeks Redress for Borrowers The Bureau took action today against an online lender...
CFPB Releases “Planning for Retirement” Tool to Help Consumers Decide When to Claim Social Security
CFPB Report Shows Many Consumers Base Critical Claiming Decision on Limited Information Today the Bureau released "Planning for Retirement," an interactive...
CFPB Recovers $107 Million in Relief for More Than 238,000 Consumers Through Supervisory Actions
Examiners Uncover Illegal Practices in Student Loan Servicing, Mortgage Origination and Servicing, Consumer Reporting, and Debt Collection Markets Today the...
CFPB Takes Action Against Nationwide Student Financial Aid Scam
Operation Ripped Off Students and Families Applying for College Financial Aid Today, the Bureau announced it is taking action to halt a nationwide student...
CFPB Takes Action Against Two of the Largest Employment Background Screening Report Providers for Serious Inaccuracies
General Information Services and Affiliate Failed to Verify the Accuracy of Consumer Reports Sold to Employers about Job Applicants Today, the Bureau took...
CFPB Wins Default Judgment Against Corinthian Colleges for Engaging in a Predatory Lending Scheme
Court Rules that Corinthian Engaged in Deceptive Lending Practices and Illegal Debt Collection Practices Yesterday, at the request of the Bureau, a federal...
CFPB Orders Servicemember Auto Loan Company to Pay $3.28 Million for Illegal Debt Collection Tactics
Bureau Sued Auto Lender Earlier This Year for Deception and Threats to Contact Commanding Officers Today the Bureau filed an administrative order against...
CFPB Monthly Complaint Snapshot Spotlights Credit Card Complaints
Report Also Includes In-Depth Look at Consumer Complaints in the Chicago Metro Area Today, the Bureau released its latest monthly consumer complaints...
Statement by CFPB Director Richard Cordray on RushCard Prepaid Card Incident
Today, CFPB Director Richard Cordray issued the following statement in response to the RushCard situation, a prepaid card...
Consumer Financial Protection Bureau Releases Financial Education Curriculum Review Tool
Resource Will Help Guide Educators Looking to Select Appropriate Financial Education Material for Students WASHINGTON, D.C – Today the Bureau is releasing a...
CFPB Finalizes Rule to Improve Information About Access to Credit in the Mortgage Market
Bureau Takes Steps to Simplify the Reporting Process for Financial Institutions Today, the Bureau finalized a rule to improve information reported about the...