Newsroom | Consumer Financial Protection Bureau

Press release

Published JAN 08, 2025

CFPB Approves Application from Financial Data Exchange to Issue Standards for Open Banking

The CFPB issued an order recognizing Financial Data Exchange, Inc. (FDX) as a standard setting body under the CFPB’s Personal Financial Data Rights rule.

Speech

Published JAN 07, 2025

The Federal General Counsel, Law, and Our Democracy at a Crossroads

Prepared remarks by Seth Frotman, General Counsel and Senior Advisor to the Director, given at the University of Michigan on January 7, 2025.

By Seth Frotman

Press release

Published JAN 07, 2025

CFPB Sues Experian for Sham Investigations of Credit Report Errors

The CFPB sued Experian, the nationwide consumer reporting agency, for unlawfully failing to properly investigate consumer disputes.

Press release

Published JAN 07, 2025

CFPB Finalizes Rule to Remove Medical Bills from Credit Reports

Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule to ban the inclusion of medical bills on credit reports used by lenders and prohibit lenders from using medical information in their lending decisions.

Press release

Published JAN 07, 2025

CFPB termina norma sobre facturas médicas en informes de crédito | CFPB

CFPB finaliza normativa que prohíbe facturas médicas en informes de crédito, y prohíbe a prestamistas usar información médica en decisiones crediticias.

Press release

Published JAN 06, 2025

CFPB Sues Vanderbilt for Setting Borrowers Up to Fail in Manufactured Home Loans

The CFPB sued Vanderbilt Mortgage & Finance for setting families up to fail when they borrowed money to buy a manufactured home.

Director's statement

Published DEC 30, 2024

Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on Developments Regarding Large Asset Manager Ownership of Banks

Statement of CFPB Director Rohit Chopra on developments regarding large asset manager ownership of banks.

By Rohit Chopra

Press release

Published DEC 23, 2024

CFPB Sues Walmart and Branch Messenger for Illegally Opening Deposit Accounts for More Than One Million Delivery Drivers

Today, the CFPB sued Walmart and Branch Messenger for forcing delivery drivers to use costly deposit accounts to get paid and for deceiving workers— “last mile” drivers in Walmart’s Spark Driver program—about how they could access their earnings.

Press release

Published DEC 23, 2024

CFPB Files Lawsuit to Stop Illegal Kickback Scheme to Steer Borrowers to Rocket Mortgage

The CFPB sued Rocket Homes to stop providing incentives to real estate brokers and agents in exchange for steering homebuyers to Rocket Mortgage for loans.

Press release

Published DEC 20, 2024

La CFPB demanda a bancos por fraude en Zelle | CFPB

La CFPB demandó al operador de Zelle y a tres de los bancos más grandes del país por no proteger a los consumidores del fraude que se extendió dentro de la red más grande disponible de pagos de persona a persona.

Speech

Published DEC 20, 2024

Prepared Press Call Remarks of CFPB Director Rohit Chopra on the Zelle Lawsuit Announcement

Director Chopra delivered remarks on consumers harmed by fraud on the Zelle payment network.

By Rohit Chopra

Press release

Published DEC 20, 2024

CFPB Sues JPMorgan Chase, Bank of America, and Wells Fargo for Allowing Fraud to Fester on Zelle

The Consumer Financial Protection Bureau (CFPB) sued the operator of Zelle and three of the nation’s largest banks for failing to protect consumers from widespread fraud on America’s most widely available peer-to-peer payment network.

Press release

Published DEC 18, 2024

CFPB Takes Action on Bait-and-Switch Credit Card Rewards Tactics

The CFPB announced several actions on credit cards, including a circular on rewards programs, research on retail cards, and a tool to explore cards.

Press release

Published DEC 18, 2024

CFPB actúa contra tácticas engañosas de tarjetas de crédito

CFPB anuncia acciones sobre tarjetas de crédito. Publica circular sobre recompensas, investiga tarjetas de comercios y ofrece herramienta para tarjetas de crédito.

Press release

Published DEC 17, 2024

CFPB Report Finds Mortgage Companies Create Obstacles for Homeowners After Death or Divorce

The CFPB issued a report on the experiences of homeowners dealing with their mortgage company after divorce or the death of an original borrower.

Press release

Published DEC 17, 2024

CFPB Finalizes Rule to Protect Homeowners on Solar Panel Loans and Other Home Improvement Loans Paid Back Through Property Taxes

CFPB Finalizes Rule to Protect Homeowners on Solar Panel Loans and Other Home Improvement Loans Paid Back Through Property Taxes.

Director's statement

Published DEC 17, 2024

Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on the FDIC's Policy Regarding Bank Capital Distributions During Unusual and Exigent Circumstances

Director Chopra presented a discussion draft of a new FDIC policy on Bank Capital Distributions During Unusual and Exigent Circumstances at the December 2024 meeting of the FDIC Board of Directors.

By Rohit Chopra

Director's statement

Published DEC 17, 2024

Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on the FDIC's Policy Regarding the Annunzio-Wylie Anti-Money Laundering Act of 1992

Director Chopra presented a discussion draft of a new FDIC policy on the Annunzio-Wylie Anti-Money Laundering Act of 1992 at the December 2024 meeting of the FDIC Board of Directors.

By Rohit Chopra

Press release

Published DEC 16, 2024

CFPB Uncovers Illegal Practices Across Student Loan Refinancing, Servicing, and Debt Collection

The CFPB released a special edition of its Supervisory Highlights describing a range of unlawful activities identified by CFPB examiners across student loan markets.

Press release

Published DEC 13, 2024

CFPB Report Finds Significant Drop in Annual Mortgage Applications and Originations in 2023

The CFPB released its annual report on trends in the residential mortgage lending market.

Letter

Published DEC 12, 2024

CFPB and IHS joint letter re: Protecting approved Purchased/Referred Care program patients from improper bills

Joint letter from the CFPB and IHS to medical providers, suppliers, billers, and debt collectors re: improper bills.

Press release

Published DEC 12, 2024

CFPB Closes Overdraft Loophole to Save Americans Billions in Fees

The CFPB took action to close an outdated overdraft loophole that exempted overdraft loans from lending laws.

Speech

Published DEC 12, 2024

Prepared Remarks of the Student Loan Ombudsman Julia Barnard to the Consumer Federation of America

CFPB Advisor and Student Loan Ombudsman Julia Barnard delivered remarks to the Consumer Federation of America “Looking to the Future of Student Borrower Protection."

By Julia Barnard

Press release

Published DEC 09, 2024

CFPB Takes Action Against Student Loan Debt Collector Performant Recovery for Illegal Fee Generating Scheme That Cost Borrowers Thousands of Dollars

The CFPB took action to address unlawful student loan debt collection practices by Performant Recovery, Inc. against defaulted borrowers.

Press release

Published DEC 09, 2024

CFPB Kicks Off Rulemaking to Help Mitigate the Financial Consequences of Domestic Violence and Elder Abuse

The CFPB launched a rulemaking to address the harmful effects of inaccurate credit reporting affecting survivors of domestic violence, elder abuse, and other forms of financial abuse.