The CFPB Takes Action Against Real Estate Kickbacks
The Bureau today ordered a Texas homebuilder, Paul Taylor, to surrender more than $100,000 he received in kickbacks for referring mortgage origination...
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CFPB Debuts Spanish Language Website
The website, which is optimized for mobile use, provides access to essential consumer resources such as how to submit a consumer complaint and answers to...
La Oficina para la Protección Financiera del Consumidor lanza un sitio web en español
El sitio web, la cual est‡ optimizada para el uso m—vil, proporciona informaci—n esencial acerca de c—mo presentar una queja sobre un producto o servicio...
CFPB Report Highlights Student Debt as a Roadblock to Opportunity for Consumers
Report warns of the potential domino effects on the economy of high student debt. It also identifies policy and market-based solutions based on the public’s comments that would help borrowers manage their private student loan burden.
CFPB Takes Action Against Two Companies for Charging Illegal Debt-Relief Fees
According to the CFPB complaint, the defendants, Mission Settlement Agency (Mission) and related entities and individuals, and Premier Consultant Group LLC...
CFPB Revises Rule Protecting Consumers Sending Money Internationally
The remittance rule creates a comprehensive consumer protection regime for remittance transfers sent by consumers in the United States to individuals and...
The CFPB Amends Card Act Rule to Make it Easier for Stay-at-Home Spouses and Partners to Get Credit Cards
Today's amendment, first proposed by the Bureau in October 2012, allows credit card issuers to consider income that a stay-at-home applicant, who is 21 or...
The CFPB Issues Civil Penalty Fund Rule
The rule creates a transparent process for allocating money from the Bureau's Civil Penalty Fund to compensate victims harmed by a person or company that...
CFPB Statement on Deposit Advance Product Announcements by Banking Regulators
These statements addressed risks associated with these short-term, small-dollar loans. The Bureau also sees significant consumer risks and looks forward to...
The CFPB Finds Payday and Deposit Advance Loans Can Trap Consumers in Debt
The report found that payday loans and the deposit advance loans offered by a small but growing number of banks and other depository institutions are...
Consumer Financial Protection Bureau Announces Senior Personnel Changes
The Bureau today announced several changes and new additions to the Bureau's senior leadership, including the Assistant Director for Legislative Affairs and...
CFPB Report Highlights Problems Older Americans Have With Confusing Financial Advising Industry
The CFPB found that there are more than 50 different senior designations that financial advisers use to indicate that they have advanced training or expertise in the financial needs of older consumers.
The CFPB Takes Action Against Mortgage Insurers to End Kickbacks to Lenders
The CFPB filed complaints and proposed consent orders against four national mortgage insurance companies in order to stop these practices, which have been...
CFPB Releases Largest Collection of Federal Consumer Financial Complaint Data
The database allows the public to see what consumers complained about and why, as well as how and when the company in question responds.
CFPB Finalizes Credit CARD Act Rule
Today's final rule is in response to a federal court ruling last year that had granted a preliminary injunction to block a part of the Board's 2011 rule...
CFPB to Hold Auto Lenders Accountable for Illegal Discriminatory Markup
Potentially discriminatory markups in auto lending may result in tens of millions of dollars in consumer harm each year, and the bulletin provides guidance to indirect auto lenders within the CFPB’s jurisdiction on how to address fair lending risk.
CFPB Proposes Rule to Oversee Nonbank Student Loan Servicers
Today's proposed rule would expand that supervision to certain nonbanks. The rule would define certain nonbank student loan servicers as "larger...
Statement by CFPB Director Richard Cordray Regarding the Departure of Federal Trade Commission Chairman Jon Leibowitz
The Bureau is grateful for Chairman Leibowitz's dedication to protecting consumers. His stalwart leadership and commitment to teamwork have enabled a strong...
Consumer Financial Protection Bureau Takes First Step to Develop Student Loan Affordability Plan
The CFPB has found that private student loan borrowers who wish to pay their loans, but face high payments, lack alternative repayment and refinance options.
CFPB Lays Out Implementation Plan for New Mortgage Rules
Both consumers and industry will win when the new rules are understood, applied, and carried out evenly and effectively. Mortgage borrowers, who have dealt...
Consumer Financial Protection Bureau Warns Mortgage Servicers About Legal Protections for Consumers When Transferring Loans
When handing over the processing of loans, mortgage servicers should not lose paperwork, lose track of a homeowner's loss mitigation plans, or hinder a...
Consumer Financial Protection Bureau Teams Up with Newark to Help Local Consumers with Questions or Complaints
With today's pilot-program announcement, Newark residents who call 4311 with a question or complaint about consumer financial products or services will be...
Steven Antonakes Named Acting Deputy Director of the CFPB
As Antonakes assumes this temporary role, he will maintain responsibility for his current duties as the Associate Director for Supervision, Enforcement, and...
Consumer Financial Protection Bureau Launches Inquiry on Campus Financial Products
To better understand the market, the CFPB is publishing today a Notice and Request for Information on the topic of campus financial products. Campus...
CFPB Adopts Rule to Improve Consumer Access to Appraisal Reports
The Dodd-Frank Wall Street Reform and Consumer Protection Act requires that lenders give consumers a copy of each appraisal or other estimate free of charge...