Newsroom

CFPB Director Chopra’s remarks at a meeting of the FDIC Advisory Committee on Economic Inclusion to discuss the 2021 FDIC National Survey of Unbanked and Underbanked Households.

Proposals under consideration would fuel market competition and strengthen consumer data rights.

Agency highlights surprise overdraft and surprise depositor fees.

Prepared remarks of CFPB Director Chopra at the financial technologies conference Money 20/20.

Effort seeks to address false information on the credit reports of children in foster care and the general public.

The CFPB is suing ACTIVE Network, a payments platform used by families across the country to sign up for community activities, including camps and events sponsored by the YMCA, Girl Scouts, and charity race organizers.

CFPB Director Rohit Chopra’s statement on a vote finalizing an increase in deposit insurance assessment rates of two basis points.

ACTIVE Network generated more than $300 million in membership fees using digital dark patterns and online trickery.

CFPB Director Rohit Chopra’s statement on a notice of proposed rulemaking to reduce bailout risk among a group of systemically important financial institutions and guard against increasing concentration in banking.

The CFPB, the Federal Reserve Board, and the Office of the Comptroller of the Currency announced the 2023 threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans.

The Federal Reserve Board and the CFPB announced the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2023 are exempt from Regulation Z and Regulation M.

Some financial institutions and colleges may be steering students to more expensive financial products.

Company did not provide accurate fee, exchange rate, and other key information for money transfers.

Prepared remarks of CFPB Director Chopra at a meeting of the Financial Stability Oversight Council on October 3, 2022.

The online lender allegedly required customers to pay hefty fees to access loans and often refused to cancel memberships.

Blanket withholding of academic transcripts to pressure borrowers to pay cited as unlawful.

Repeat offender will refund at least $141 million to customers and pay $50 million penalty.

The Consumer Financial Protection Bureau (CFPB) is asking for public input on ways to spur new mortgage products that help households.

Director Chopra delivered prepared opening remarks at an Exchequer Club Meeting in Washington, DC.

Asian, Hispanic white, and Black shares of home purchase loans increased.

Business model relies on data collection, and loans serve as close substitute for credit cards.

Director Chopra delivered prepared remarks on a press call discussing the release of a report on market trends and consumer impacts from Buy Now, Pay Later loans.

Today, the Consumer Financial Protection Bureau (CFPB) released an Issue Spotlight highlighting some of the difficulties and experiences heard from caregivers about being pursued over friends’ or family members’ alleged debts from nursing home facilities.

Director Chopra delivered remarks at a virtual roundtable exploring challenges around nursing home debt collection practices, and the impact they can have on the financial wellbeing of caregivers, their families, and friends.

The Consumer Financial Protection Bureau (CFPB) has issued the first in a series of reports focusing on the finances of consumers living in rural areas. Today’s report focuses on rural Appalachians, who tend to earn less than consumers in other rural areas and have higher rates of subprime credit. In particular, medical debt collections are a much more prevalent issue among rural Appalachians, and consumers with medical debt collections often experience difficulties making ends meet on other financial obligations.