Newsroom | Consumer Financial Protection Bureau

Many student loan borrowers have an opportunity to have their entire student loans cancelled or receive more credit towards cancellation, but they must act before April 30, 2024.

By Consumer Financial Protection Bureau

Letter

Published MAR 11, 2024

CFPB Letter to New York State on the Prohibition on Abusive Conduct

A letter written by Brian Shearer, CFPB Assistant Director of the Office of Policy Planning and Strategy, to Kathy Hochul, Governor of New York State, and members of the New York State Assembly and Senate.

By Brian Shearer

Deceptive practices

Letter

Published MAR 08, 2024

CFPB Director Rohit Chopra’s Letter to the Appraisal Subcommittee

A letter written by Director Rohit Chopra to the Appraisal Subcommittee.

By Rohit Chopra

Press release

Published MAR 05, 2024

CFPB Prohíbe el Cobro de Excesivas Penalidades por Atraso en Tarjetas de Crédito, la Tarifa Típica Baja de $32 a $8

La CFPB finalizó hoy una normativa que corta el cobro de excesivas penalidades por atraso en tarjetas de crédito al cerrar un vacío legal, explotado por los grandes emisores de las mismas.

Press release

Published MAR 05, 2024

CFPB Bans Excessive Credit Card Late Fees, Lowers Typical Fee from $32 to $8

The Consumer Financial Protection Bureau (CFPB) ) finalized a rule today to cut excessive credit card late fees by closing a loophole exploited by large card issuers.

Director's statement

Published MAR 05, 2024

Statement of CFPB Director Rohit Chopra on the Final Rule to Close the Credit Card Late Fee Loophole

The Consumer Financial Protection Bureau is taking action to rein in junk fees on credit cards, increase competition, and put billions of dollars back in the pockets of American families.

Press release

Published FEB 29, 2024

CFPB Emite Directrices para Regir los Resultados Arreglados de Comparaciones de Tarjetas de Crédito y Otros Productos Financieros

CFPB explica como las compañías que operan herramientas de comparación de productos financieros, pueden violar la ley cuando favorecen a ciertos productos o prestamistas, porque reciben comisiones por ello.

Press release

Published FEB 29, 2024

CFPB Issues Guidance to Rein in Rigged Comparison-Shopping Results for Credit Cards and Other Financial Products

The CFPB explained how companies operating comparison-shopping tools can break the law when they steer consumers to certain products or lenders because of kickbacks.

Director's statement

Published FEB 28, 2024

CFPB Director Rohit Chopra Releases a Statement in Response to President Biden’s Executive Order To Protect Americans’ Sensitive Personal Data

CFPB Director Rohit Chopra releases a statement in response to President Biden’s Executive Order to protect Americans’ sensitive personal data.

Press release

Published FEB 23, 2024

CFPB Orders Federal Supervision for Installment Lender Following Contested Designation

The Consumer Financial Protection Bureau (CFPB) today published an order establishing supervisory authority over installment lender World Acceptance.

Press release

Published FEB 16, 2024

CFPB Report Finds Large Banks Charge Higher Credit Card Interest Rates than Small Banks and Credit Unions

The Consumer Financial Protection Bureau (CFPB) today reported on the first set of results from the newly updated Terms of Credit Card Plans survey.

Press release

Published FEB 16, 2024

CFPB Issues Revised Supervisory Appeals Process

The Consumer Financial Protection Bureau (CFPB) issued a procedural rule updating the process by which financial institutions can appeal supervisory findings.

Supervision

Press release

Published FEB 12, 2024

FFIEC Issues Statement on Examination Principles Related to Valuation Discrimination and Bias in Residential Lending

FFIEC Statement on Examination Principles Related to Valuation Discrimination and Bias in Residential Lending

Press release

Published FEB 08, 2024

CFPB Secures $12 Million From Ringleaders of Foreclosure Relief Scam

The Consumer Financial Protection Bureau resolved an appeal in a long-running enforcement suit against a foreclosure relief scam operation for $12 million.

Press release

Published FEB 08, 2024

CFPB Recupera $12 Millones de Jefes de una Estafa con Alivio de Ejecución Hipotecaria

CFPB resuelve apelación en una demanda por $12 millones que tenía tiempo en proceso, contra una operación de estafa con alivio de ejecución hipotecaria.

Press release

Published JAN 24, 2024

CFPB Proposes Rule to Stop New Junk Fees on Bank Accounts

The Consumer Financial Protection Bureau proposed to block financial institutions from one potential source of new junk fee revenue – fees on instantaneously declined transactions.

Press release

Published JAN 24, 2024

La CFPB Propone Normativa para Detener el Cobro de Tarifas Inesperadas sobre Cuentas Bancarias

CFPB propone bloquearles a las instituciones financieras una potencial fuente de ingresos por nuevas tarifas inesperadas; las penalidades por transacciones declinadas instatáneamente.

Press release

Published JAN 19, 2024

CFPB y Siete Fiscales Generales Estatales demandan a la Empresa Strategic Financial Solutions por Estafar por más de $100 Millones a Familias en Dificultades Financieras

Press release

Published JAN 19, 2024

CFPB and Seven State Attorneys General Sue Debt-Relief Enterprise, Strategic Financial Solutions, for Illegally Swindling More Than $100 Million from Financially Struggling Families

The CFPB and state attorneys general sued Strategic Financial Solutions and its web of shell companies for running an illegal debt-relief enterprise.

Press release

Published JAN 17, 2024

CFPB Proposes Rule to Close Bank Overdraft Loophole that Costs Americans Billions Each Year in Junk Fees

The CFPB today proposed a rule to rein in excessive overdraft fees charged by the nation’s biggest financial institutions.