Company Violated the Fair Credit Reporting Act and Consumer Financial Protection Act in Furnishing Consumer-Report Information and Obtaining and Using Consumer Reports
The Bureau of Consumer Financial Protection (Bureau) today issued an interim final rule updating two model disclosures to reflect changes made to the Fair Credit Reporting Act (FCRA) by recent legislation.
CFPB Fines Xerox Business Services $1.1 Million for Incorrect Consumer Information Sent to Credit Reporting Agencies
Company Failed to Inform Auto Lenders That Defects in its Software Led to Inaccuracies
CFPB Takes Action to Shut Down Credit Repair Company for Charging Illegal Fees and Misleading Consumers
Company Banned From Offering Credit Repair Services and Required to Pay $150,000 Penalty
CFPB Takes Action Against JPMorgan Chase for Failures Related to Checking Account Screening Information
Bureau’s Order Requires Bank to Pay $4.6 Million Penalty
Prepared Remarks of CFPB Director Richard Cordray at the Rainbow/PUSH Coalition's 46th Annual Convention
Thank you for having me. I also want to thank the Reverend Jackson for his continuing support of the Consumer Financial Protection Bureau and for the invitation to join you. I am glad to have the chance to tell you how we are working to level the playing field for consumers in financial markets.
CFPB Takes Actions Against Credit Repair Companies for Charging Illegal Fees and Misleading Consumers
Companies and Individuals to Pay More Than $2 Million in Penalties and Relinquished Funds
Consumer Financial Protection Bureau Study Finds Consumers in Lower-income Areas are More Likely to Become Credit Visible Due to Negative Records
Consumers In Higher-Income Areas More Likely Than Those in Lower-Income Areas to Establish Credit with a Credit Card or Co-Borrower
Thank you John for your kind words. I am glad to be back in Atlanta for the HOPE Global Forum. It is great to be here with you and to know you share similar goals and ideals for our society. The thread that links the Consumer Financial Protection Bureau to Operation HOPE is the hard and important mission of empowering the economically vulnerable among us.
I am glad to be with you today to hear firsthand about the latest innovations in consumer financial services. These innovations seem to be generating considerable interest and optimism about the future. They are driving new services for consumers and transforming how they conduct their finances.