Newsroom | Consumer Financial Protection Bureau

Press release

Published JUL 20, 2015

CFPB Cautions Military Lenders Against Illegal Military Allotment Practices

Bureau Puts Companies On Notice After Defense Department Rules Take Effect The Bureau sent letters this month to several companies that sell retail goods to...

Press release

Published JUL 07, 2015

CFPB Report Finds Servicemembers Continue To Face Roadblocks From Student Loan Servicers

Servicers Still Failing to Provide Legal Protections to Military Borrowers Today the Bureau released a report outlining the continued challenges faced by...

Press release

Published JUN 17, 2015

CFPB Takes Action Against Servicemember Auto Lender for Aggressive Debt Collection Tactics

Auto Loan Company Misled Servicemembers About Consequences of Nonpayment Today the Bureau sued an auto loan company, Security National Automotive Acceptance...

Press release

Published MAY 20, 2015

CFPB Launches Financial Coaching Initiative

Program Targets Transitioning Veterans and Economically Vulnerable Consumers Today the Bureau is launching its Financial Coaching Initiative, targeting...

Press release

Published APR 20, 2015

CFPB Takes Action Against Military Allotment Processor for Charging Servicemembers Hidden Fees

Servicemembers Unknowingly Paid Millions in Fees to Fort Knox National Company and Military Assistance Company Today the Bureau is taking action against...

Press release

Published DEC 29, 2014

CFPB Report Finds Loopholes In Military Lending Act Rules Rack Up Costs For Servicemembers

CFPB Backs Department of Defense Proposal to Broaden the Rules for Greater Protections Today the Bureau issued a report highlighting how loopholes in the...

Press release

Published DEC 18, 2014

CFPB and States Take Action Against Freedom Stores for Illegal Debt Collection Practices Against Servicemembers

Retailer and Debt Collectors to Provide Over $2.5 Million in Consumer Relief for Illegal Lawsuits and Unauthorized Debits The Bureau and the Attorneys...

Press release

Published NOV 21, 2014

CFPB Issues Statement on Department of Defense’s Military Allotment System Reforms to Protect Servicemembers

Today, the U.S. Department of Defense announced critical new protections for servicemembers using the military discretionary allotment system. The changes...

Servicemembers

Press release

Published SEP 26, 2014

CFPB Releases Statement on Department of Defense Proposal to Amend Military Lending Act Rule

Today, the U.S. Department of Defense issued a proposal that would expand the types of credit products that are covered by the 36-percent rate cap and other...

Press release

Published AUG 14, 2014

CFPB Shuts Down USA Discounters’ Servicemember Fee Scam

The Bureau today put an end to a servicemember fee scam run by USA Discounters, Ltd., a company that operates a chain of retail stores near military bases...

Press release

Published JUL 29, 2014

CFPB and 13 State Attorneys General Obtain About $92 Million in Debt Relief for Servicemembers Harmed by Predatory Lending Scheme

The Bureau and 13 state attorneys general obtained approximately $92 million in debt relief from Colfax Capital Corporation and Culver Capital, LLC, also...

Press release

Published MAR 06, 2014

CFPB Recovers More Than $1 Million for Servicemembers, Veterans, and their Families

The Bureau announced today that servicemembers, veterans, and their families who complained to the Bureau about financial products or services have...

Press release

Published SEP 17, 2013

CFPB Lays Out Guidelines for Protecting Servicemembers in the Payday Lending Market

Today, the Bureau released guidelines to its examiners on how to identify consumer harm and risks related to Military Lending Act (MLA) violations when...

Press release

Published JUN 27, 2013

CFPB Orders Auto Lenders to Refund Approximately $6.5 Million to Servicemembers

The two companies must return about $6.5 million to servicemembers for failing to properly disclose all the fees charged to participants in the companies'...

Press release

Published NOV 19, 2012

Consumer Financial Protection Bureau Warns Companies Against Misleading Consumers with False Mortgage Advertisements

Today's actions stem from a joint "sweep," a review conducted by the CFPB and the FTC of about 800 randomly selected mortgage-related ads across the...

Press release

Published OCT 18, 2012

CFPB Report Finds Servicemembers Face Hurdles in Accessing Student Loan Benefits

The hurdles they describe range from not being able to get the information they need, to being met with roadblocks when they do try to pursue their benefits.

Press release

Published JUN 21, 2012

Consumer Financial Protection Bureau and prudential regulators issue joint guidance to address mortgage servicer practices that impact servicemembers

The guidance, which is intended to ensure compliance with applicable consumer laws and regulations, pertains to military homeowners who have received...

Press release

Published JUN 14, 2012

CFPB Launches Inquiry on Elder Financial Abuse

"Our older adult population is growing every year, which makes it even more critical that we study this issue. Today, the Bureau will launch a public...

Press release

Published FEB 23, 2012

Holly Petraeus Statement on Senate Help Committee Report on Military Education Benefits

Today, the Senate Health, Education, Labor, and Pensions (HELP) Committee released data which revealed that education benefits administered by the...

Press release

Published FEB 10, 2012

Holly Petraeus Statement on the Servicemember Protections in the Mortgage Servicing Settlement

"The provisions relating to the Servicemembers Civil Relief Act (SCRA) in this agreement will help ensure that members of the military won't be denied...

Press release

Published JAN 25, 2012

Federal and State Officials Announce New Law Enforcement Partnership to Protect Military Community

The Repeat Offenders Against Military (ROAM) Database will track completed enforcement actions against companies and individuals who repeatedly scam...

Press release

Published OCT 06, 2011

Holly Petraeus Statement on Treasury Action to Help Struggling Military Homeowners

As I travel the country talking to military families, I have heard too many distressing stories of servicemembers who are underwater, but not delinquent, on...

Press release

Published SEP 07, 2011

CFPB Analyzing Financial Products Tailored to Servicemembers

In keeping with this commitment, the CFPB is asking consumers, financial service providers, organizations, and other members of the public to provide...

Press release

Published JUL 06, 2011

CFPB and Military’s Top Uniformed Lawyers Release Joint Statement of Principles

Partnership Between CFPB and the Offices of the Judge Advocate Generals Will Help Better Protect Servicemembers and their Families from Unlawful Acts and...

Press release

Published JAN 06, 2011

Treasury Department Announces Holly Petraeus to Establish Office of Servicemember Affairs for Consumer Financial Protection Bureau

The Office of Servicemember Affairs will seek to work in partnership with the Department of Defense to help ensure that: military families receive the...