Newsroom | Consumer Financial Protection Bureau

Press release

Published JAN 07, 2025

CFPB Finalizes Rule to Remove Medical Bills from Credit Reports

Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule to ban the inclusion of medical bills on credit reports used by lenders and prohibit lenders from using medical information in their lending decisions.

Press release

Published JAN 06, 2025

CFPB Sues Vanderbilt for Setting Borrowers Up to Fail in Manufactured Home Loans

The CFPB sued Vanderbilt Mortgage & Finance for setting families up to fail when they borrowed money to buy a manufactured home.

Press release

Published DEC 23, 2024

CFPB Files Lawsuit to Stop Illegal Kickback Scheme to Steer Borrowers to Rocket Mortgage

The CFPB sued Rocket Homes to stop providing incentives to real estate brokers and agents in exchange for steering homebuyers to Rocket Mortgage for loans.

Press release

Published DEC 17, 2024

CFPB Report Finds Mortgage Companies Create Obstacles for Homeowners After Death or Divorce

The CFPB issued a report on the experiences of homeowners dealing with their mortgage company after divorce or the death of an original borrower.

Press release

Published DEC 17, 2024

CFPB Finalizes Rule to Protect Homeowners on Solar Panel Loans and Other Home Improvement Loans Paid Back Through Property Taxes

CFPB Finalizes Rule to Protect Homeowners on Solar Panel Loans and Other Home Improvement Loans Paid Back Through Property Taxes.

Press release

Published DEC 13, 2024

CFPB Report Finds Significant Drop in Annual Mortgage Applications and Originations in 2023

The CFPB released its annual report on trends in the residential mortgage lending market.

Press release

Published DEC 06, 2024

CFPB Orders Federal Supervision of Google Following Contested Designation

The Consumer Financial Protection Bureau (CFPB) today published an order establishing supervisory authority over Google Payment Corp.

Press release

Published DEC 05, 2024

CFPB Announces Return of $1.8 Billion in Illegal Junk Fees to 4.3 Million Americans Harmed in Massive Credit Repair Scheme

The CFPB is distributing $1.8 billion to 4.3 million consumers charged illegal junk fees by credit repair companies including Lexington Law and CreditRepair.com.

Press release

Published DEC 03, 2024

CFPB Proposes Rule to Stop Data Brokers from Selling Sensitive Personal Data to Scammers, Stalkers, and Spies

The CFPB today proposed a rule to rein in data brokers that sell Americans' sensitive personal and financial information.

Speech

Published NOV 21, 2024

Prepared Remarks of CFPB Director Rohit Chopra at the FinRegLab AI Conference

Director Chopra delivered remarks at the 2024 FinRegLab AI Symposium.

By Rohit Chopra

Press release

Published NOV 15, 2024

CFPB Report Details Student Borrower Harms from Servicing Failures and Program Disruptions

The CFPB released the annual report of the Student Loan Ombudsman, highlighting severe difficulties reported by student borrowers in consumer complaints.

Press release

Published NOV 13, 2024

CFPB Pilot Study Finds Differential Treatment in Small Business Lending Markets

The CFPB released a study revealing significant disparities in how lenders treat Black and white small business owners seeking loans.

Press release

Published NOV 01, 2024

CFPB Takes Action to Address Townstone Financial’s Unlawful Redlining

The CFPB filed a proposed order to resolve its case against Townstone Financial for discriminatory lending practices and redlining African American neighborhoods in Chicago.

Speech

Published OCT 22, 2024

Prepared Remarks of CFPB Director Rohit Chopra at the Federal Reserve Bank of Philadelphia on the Personal Financial Data Rights Rule

Director Chopra delivered remarks at the Federal Reserve Bank of Philadelphia about the CFPB’s Personal Financial Data Rights Final Rule.

By Rohit Chopra

Press release

Published OCT 15, 2024

CFPB and Justice Department Take Action Against Fairway for Redlining Black Neighborhoods in Birmingham, Alabama

The CFPB and DOJ took action to end Fairway Mortgage Corporation’s illegal mortgage lending redlining against majority-Black neighborhoods in the greater Birmingham, Alabama area.

Press release

Published OCT 07, 2024

CFPB Takes Action Against Wrongful Auto Repossessions and Loan Servicing Breakdowns

The CFPB published a new edition of Supervisory Highlights describing the agency’s supervisory findings related to illegal practices in auto finance, including lenders repossessing consumers’ cars after the borrower made timely payments or received loan extensions.

Press release

Published OCT 04, 2024

Agencies Announce Dollar Thresholds for Applicability of Truth in Lending and Consumer Leasing Rules for Consumer Credit and Lease Transactions

The CFPB and the FRB are announcing the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2025 are subject to certain protections under Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing).

Press release

Published OCT 04, 2024

Agencies Announce Dollar Thresholds for Smaller Loan Exemption from Appraisal Requirements for Higher-priced Mortgage Loans

The CFPB, the FRB, and the OCC are announcing that the 2025 threshold for higher-priced mortgage loans that are subject to special appraisal requirements will increase from $32,400 to $33,500.

Press release

Published SEP 24, 2024

CFPB Report Highlights Challenges Facing Servicemembers and Veterans with Student Loans

The CFPB today issued its annual report on top financial concerns facing servicemembers, veterans, and military families.

Speech

Published SEP 19, 2024

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.

By Rohit Chopra

Speech

Published SEP 13, 2024

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.

By Rohit Chopra

Speech

Published SEP 13, 2024

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.

By Seth Frotman

Speech

Published SEP 09, 2024

Prepared Remarks of CFPB Director Rohit Chopra at the National Housing Conference

Director Chopra delivered remarks on streamlining the refinancing process.

Press release

Published SEP 05, 2024

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.

Press release

Published AUG 29, 2024

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.