CFPB Announces New Senior Leaders and Advisory Board and Council Members
Today, the Bureau announced several new leaders within the Bureau, as well as the appointment of new consumer finance experts from outside the federal...
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CFPB Publishes Report to Promote Financial Wellness in the Workplace
Today the Bureau published a report to promote financial wellness in the workplace. The report contains case studies that are designed to educate employers...
CFPB Takes Action Against Global Client Solutions for Processing Illegal Debt-Settlement Fees
Payment Processor to Pay Over $6 Million in Relief to Consumers Today, the Bureau announced an enforcement action against Global Client Solutions, a leading...
CFPB Finalizes Revisions to Rule Protecting Consumers Sending Money Internationally
Revisions Will Help Facilitate Compliance With New Consumer Protections The Bureau today finalized revisions to the remittance rule that it had proposed in...
CFPB Announces Mortgage EClosing Pilot Participants
The Bureau today announced the selection of participants for its mortgage eClosing pilot program. The three-month pilot will begin later this year, and will...
CFPB Takes Action Against Auto Finance Company for Distorting Borrower Credit Reports
First Investors Fined $2.75 Million for Knowingly Providing Inaccurate Information to Credit Reporting Agencies for Years Today the Bureau is taking action...
CFPB Issues Bulletin to Prevent Runarounds in Mortgage Servicing Transfers
Bureau Highlights Risks in Transferring Loans Under Loss Mitigation Review Today, the Bureau is releasing a bulletin outlining expectations for mortgage...
CFPB Shuts Down USA Discounters’ Servicemember Fee Scam
The Bureau today put an end to a servicemember fee scam run by USA Discounters, Ltd., a company that operates a chain of retail stores near military bases...
CFPB Orders Amerisave To Pay $19.3 Million For Bait-And-Switch Mortgage Scheme
Today, the Bureau took action against Amerisave Mortgage Corporation, its affiliate, Novo Appraisal Management Company, and the owner of both companies...
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...
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...
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...
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...
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...
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...
CFPB, Federal Partners, and State Attorneys General File Order Requiring SunTrust to Provide $540 Million in Relief to Homeowners for Servicing Wrongs
Today, the Bureau, Department of Justice (DOJ), Department of Housing and Urban Development (HUD), and attorneys general in 49 states and the District of...
CFPB Takes Action Against Illegal Mortgage Referrals
Bureau Orders New Jersey Title Company to Pay $30,000 for Illegal Kickback Scheme Today, the Bureau ordered a New Jersey company, Stonebridge Title Services...