Prepared Remarks of CFPB Director Rohit Chopra at the Center for American Progress Housing Summit
Director Chopra delivered remarks on streamlining the refinancing process following the Federal Reserve federal funds rate reduction.
Newsroom
CFPB Takes Action to Stop Banks from Harvesting Overdraft Fees Without Consumers' Consent
The CFPB today published guidance to help federal and state consumer protection enforcers stop banks from charging overdraft fees based on phantom opt-in agreements.
Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on Stopping Fintech Deposit Meltdowns
Over the past decade, we have seen a significant incursion into consumer deposit taking and payments activities by companies that aren’t banks or credit unions. These firms want the public benefits of being a bank or credit union, without the public obligations.
Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on Actions to Strengthen Bank Merger Review
Today, the FDIC Board of Directors is voting to finalize its policy statement on bank mergers.
Prepared Remarks of CFPB Director Rohit Chopra at the Congressional Black Caucus Foundation's 53rd Annual Legislative Conference
Director Chopra delivered remarks on housing, including refinancing, appraisals, and other topics.
CFPB Sues Horizon Card Services and CEO Robert Kane for Illegally Baiting, Gouging, and Trapping Families in High-Fee Credit Cards
The CFPB sued Horizon Card Services and its CEO Robert Kane for tricking consumers into signing up for its expensive membership credit card.
Prepared Remarks of Seth Frotman at the Poverty Law Conference
CFPB General Counsel Seth Frotman spoke at the Poverty Law Conference about consumer financial law and low-income families.
CFPB Bans Navient from Federal Student Loan Servicing and Orders the Company to Pay $120 Million for Wide-Ranging Student Lending Failures
Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order against the student loan servicer Navient for its years of failures and lawbreaking.
Prepared Remarks of CFPB Director Rohit Chopra on the Navient Enforcement Action Press Call
Director Chopra delivered remarks on the CFPB’s enforcement action against Navient.
CFPB Orders TD Bank to Pay $28 Million for Breakdowns that Illegally Tarnished Consumer Credit Reports
The CFPB ordered TD Bank to pay $7.76 million to tens of thousands of victims because of the bank’s illegal actions.
Prepared Remarks of CFPB Director Rohit Chopra at the National Housing Conference
Director Chopra delivered remarks on streamlining the refinancing process.
Statement of CFPB Director Rohit Chopra Regarding the Transportation Department's Probe Into Airline Rewards Programs
Consumer Financial Protection Bureau Director (CFPB) Director Rohit Chopra issued a statement following a U.S. Department of Transportation inquiry into airline rewards programs.
CFPB Report Highlights Consumer Protection Issues in Medical and Rental Debt Collection
The CFPB today issued its annual report on debt collection, which highlights aggressive and illegal practices in the collection of medical debt and rental debt.
CFPB Orders NewDay USA to Pay $2.25 Million for Illegally Luring Veterans and Military Families into Cash-Out Refinance Loans
The CFPB took action against repeat offender New Day Financial (NewDay USA) for deceiving active duty servicemembers and veterans seeking cash-out refinance loans.
Consumer Advisory: Video games are targeting your children to get into your wallet
Gaming marketplaces increasingly mirror banking and payment systems but use design tricks to encourage spending, and our children are often the primary audience. Here are steps to help protect your family.
CFPB Report Finds Large Retail Chains Charging Cash-back Fees to Customers Using Debit and Prepaid Cards
The CFPB published a new report finding Americans are paying tens of millions of dollars in fees to access their own money when getting “cash back” at large retail stores when making a purchase with a debit or prepaid card.
Reporte revela tarifas en retiros de efectivo con tarjetas | CFPB
La CFPB publica un nuevo reporte revelando que la gente está pagando decenas de millones de dólares en tarifas para acceder a su propio dinero, cuando hacen retiros de efectivo en las cajas de las grandes cadenas comerciales al momento de comprar con sus tarjetas de débito o prepagadas.
CFPB Takes Action Against Fay Servicing for Illegal Foreclosure Actions and Violating Law Enforcement Order
The CFPB ordered Fay Servicing to pay a $2 million penalty for violations of mortgage servicing laws, and for violations of a 2017 agency order.
CFPB actúa contra Fay Servicing por violar la ley | CFPB
La CFPB le ordenó a Fay Servicing pagar una multa de $2 millones por violaciones cometidas a las leyes sobre la administración de hipotecas y por violar una orden de la agencia recibida en el 2017.
CFPB Takes Action to Stop Contract-for-Deed Investors from Setting Borrowers Up to Fail
The CFPB released an advisory opinion and research report on a form of home seller financing that is often referred to as contract for deed.
CFPB actúa contra inversionistas por engañar a prestatarios | CFPB
La CFPB publicó una opinión consultiva y un reporte investigativo sobre una forma de financiamiento que es frecuentemente llamada contrato por escrituras.
Prepared Remarks of CFPB Director Rohit Chopra at the CFPB’s Field Hearing in St. Paul, Minnesota
Director Rohit Chopra discussed contracts for deed and the CFPB’s housing efforts at a field hearing in St. Paul, Minnesota.
Consumer advisory: Help is available for people facing housing problems because of a contract for deed
People living in a home paid for through a contract for deed can seek help to stay in their home instead of losing it when trouble strikes.
CFPB Comment on Request for Information on Uses, Opportunities, and Risks of Artificial Intelligence in the Financial Services Sector
The CFPB comment on the Department of Treasury’s Request for Information on Uses, Opportunities, and Risks of Artificial Intelligence in the Financial Services Sector.
CFPB actúa contra Credit Repair Cloud y su CEO, Daniel Rosen | CFPB
La CFPB introdujo una propuesta de orden para resolver su demanda contra Credit Repair Cloud y su CEO Daniel Rosen, por colaborar con empresas que cobraron tarifas ilegales a los consumidores.