CFPB Takes Steps to Facilitate LIBOR Transition
The Consumer Financial Protection Bureau took steps to facilitate the transition away from LIBOR for consumers and regulated entities.
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Regulators Encourage Institutions to Work with Borrowers Affected by Government Shutdown
Five federal financial institutions regulators and state regulators encourage financial institutions to work with consumers affected by the federal government shutdown.
Bureau of Consumer Financial Protection Settles with Santander Consumer USA Inc.
Company Did Not Properly Disclose Terms and Conditions of Its Auto Loan Add-On Product and Auto Loan Extensions.
Bureau of Consumer Financial Protection Releases Latest Supervisory Highlights
The Bureau of Consumer Financial Protection (Bureau) today released its 17th edition of Supervisory Highlights.
Statement of the Bureau of Consumer Financial Protection on enactment of S.J. Res. 57
Today the President signed into law a bipartisan Congressional resolution disapproving a rule that was in the form of guidance issued by the Bureau of Consumer Financial Protection (Bureau) about indirect auto lender compliance with the Equal Credit Opportunity Act (ECOA) and its implementing regulation.
Bureau of Consumer Financial Protection Announces Settlement With Wells Fargo For Auto-Loan Administration and Mortgage Practices
Coordinated Action with Office of the Comptroller of the Currency Requires Bank to Reimburse Affected Borrowers and Pay $1 Billion Fine.
CFPB Report Finds Sharp Increase In Riskier Longer-Term Auto Loans
Six-Year Auto Loans Carry Higher Costs and Higher Default Rates than Five-Year Auto Loans.
CFPB Supervision Recovers $14 Million in First Half of 2017 for Over 100,000 Consumers Harmed by Illegal Practices
Bureau Supervision Requires Some Companies to Change Practices to Prevent Future Violations.
CFPB Issues $1.25 Million Fine to Servicemember Auto Lender for Violating Consent Order
Auto Loan Company Failed to Provide Redress For Illegal Collection Tactics.
CFPB Unveils Consumer Credit Trends Tool to Help Forecast Potential Consumer Risks
Web-based Tool Will Deliver Regular Updates on Consumer Lending Markets.
Prepared Remarks of CFPB Director Richard Cordray at the CFPB Research Conference
On behalf of the Bureau, let me welcome all of you and say that we much appreciate this opportunity to discuss consumer financial markets with so many...
CFPB Supervision Recovers $11 Million for 225,000 Harmed Consumers
CFPB Finds Qualified Students Were Blocked From Affordable Loan Repayment Plans; Updates Student Loan Servicing Exam Procedures.
CFPB Sues Five Arizona Title Lenders for Failing to Disclose Loan Annual Percentage Rate to Consumers
Bureau Alleges Lenders Did Not List Required Annual Percentage Rate in Online Loan Advertisements.
Consumer Financial Protection Bureau Supervisory Actions Return $24.5 Million To A Quarter-Million Consumers Harmed By Illegal Activities
Report Highlights Violations in Auto Origination, Debt Collection, Mortgage Origination and Small-dollar Lending.
Consumer Financial Protection Bureau Monthly Complaint Snapshot Auto And Other Consumer Loan Complaints
The CFPB's Office of Consumer Response hears directly from consumers about the challenges they face in the marketplace, brings their concerns to the...
Consumer Financial Protection Bureau Unveils New Know Before You Owe Auto Loans Shopping Sheet
Online Guide and Shopping Sheet Help Consumers Evaluate Costs and Shop for Auto Loans.
Prepared Remarks of Richard Cordray Director of the Consumer Financial Protection Bureau to the Consumer Advisory Board
Welcome to this meeting of our Consumer Advisory Board. It is a pleasure to be here in Little Rock today, and I look forward to our conversation. The...
Prepared Remarks of CFPB Director Richard Cordray on the Auto Title Lending Research Press Call
Today, we are releasing our fourth report on this market, which is a study of single-payment auto title loans. Our study analyzed nearly 3.5 million loans...
CFPB Finds One-in-Five Auto Title Loan Borrowers Have Vehicle Seized for Failing to Repay Debt
Majority of Auto Title Loan Business Comes From Borrowers Stuck In Debt for Most of the Year.
CFPB and DOJ Reach Resolution With Toyota Motor Credit To Address Loan Pricing Policies With Discriminatory Effects
Minority Borrowers Who Paid Higher Rates for Auto Loans Will Receive Up to $21.9 Million.
CFPB Takes Action Against Herbies Auto Sales for Unlawful Lending Practices
Subprime "Buy Here Pay Here" Dealer Hid Finance Charges, Deceived Consumers The Bureau today took action against Herbies Auto Sales, a buy-here pay-here...
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 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 Orders Indirect Auto Finance Company to Provide Consumers $44.1 Million in Relief for Illegal Debt Collection Tactics
Westlake Services and Wilshire Consumer Credit Pressured Borrowers with Illegal Threats and Phony Caller IDs.
CFPB Takes Action Against Fifth Third Bank for Auto-Lending Discrimination and Illegal Credit Card Practices
Company to Pay $18 Million to Minority Auto Borrowers, $3 Million to Credit Card.