CFPB Takes Action Against Moneytree for Deceptive Advertising and Collection Practices
Bureau Orders Financial Services Company to Pay $255,000 to Consumers.
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CFPB Orders Navy Federal Credit Union to Pay $28.5 Million for Improper Debt Collection Actions
Credit Union Used False Threats to Collect Debts and Placed Unfair Restrictions on Account Access.
CFPB Orders LendUp to Pay $3.63 Million for Failing to Deliver Promised Benefits
Online Lender Did Not Help Consumers Build Credit or Access Cheaper Loans, As It Claimed.
CFPB Fines Titlemax Parent Company $9 Million for Luring Consumers Into More Costly Loans
Lender Also Illegally Exposed Borrowers’ Debt Information to Employers, Friends, and Family.
Consumer Financial Protection Bureau Takes Action Against Bridgepoint Education, Inc. for Illegal Student Lending Practices
CFPB Orders Full Relief and Refunds for All Private Loans Made by the School.
Consumer Financial Protection Bureau Orders Santander Bank to Pay $10 Million Fine for Illegal Overdraft Practices
Bank Deceptively Marketed Its Overdraft Service to Consumers, Violated “Opt-in” Rule.
Written Testimony of David Silberman Before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit
Chairman Neugebauer, Ranking Member Clay, and Members of the Subcommittee, thank you for the opportunity to testify today about the Bureau's work to...
CFPB Takes Action to Shut Down Sham Credit Card
Today, the Bureau asked a federal district court to enter a consent order that would permanently ban a Texas-based company, Union Workers Credit Services...
CFPB Takes Action Against Debt-Settlement Firm
Firm Charged Illegal Upfront Fees to Consumers Today the Bureau announced that it has asked a federal district court to enter a consent order requiring...
CFPB Takes Action Against Mortgage Kickback Agreements
Bureau Orders Michigan Title Insurance Agency to Pay $200,000 Today, the Bureau ordered Lighthouse Title, a Michigan title insurance agency, to pay $200,000...
CFPB Orders U.S. Bank to Pay $48 Million Refund to Consumers Illegally Billed for Services Not Received
Approximately 420,000 Consumers Unfairly Charged for Identity Protection "Add-On" Products to Receive Full Refunds Today, the Bureau is ordering U.S. Bank...
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 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 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...
Written Testimony of CFPB Director Richard Cordray Before the Senate Committee on Banking, Housing and Urban Affairs
The Bureau is the nation's first federal agency with the sole focus of protecting consumers in the financial marketplace. Financial products like mortgages...
CFPB Takes Action Against Castle & Cooke for Paying Employees to Steer Consumers into Expensive Mortgages
The CFPB alleges that the company violated the rule with its quarterly bonus program, which paid more than 150 Castle & Cooke loan officers greater bonus...
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...