Newsroom | Consumer Financial Protection Bureau

Press release

Published JAN 08, 2025

CFPB Approves Application from Financial Data Exchange to Issue Standards for Open Banking

The CFPB issued an order recognizing Financial Data Exchange, Inc. (FDX) as a standard setting body under the CFPB’s Personal Financial Data Rights rule.

Press release

Published DEC 12, 2024

CFPB Closes Overdraft Loophole to Save Americans Billions in Fees

The CFPB took action to close an outdated overdraft loophole that exempted overdraft loans from lending laws.

Press release

Published DEC 06, 2024

CFPB Sues Comerica Bank for Systematically Failing Disabled and Older Americans

The CFPB sued Comerica Bank for systematically failing its 3.4 million Direct Express cardholders - primarily unbanked Americans receiving federal benefits.

Director's statement

Published SEP 24, 2024

Statement of CFPB Director Rohit Chopra on the Justice Department’s Lawsuit Against Visa

CFPB Director Chopra issued a statement regarding DOJ’s lawsuit against Visa for illegally blocking competition in the debit card market.

By Rohit Chopra

Press release

Published SEP 17, 2024

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.

Press release

Published AUG 27, 2024

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.

Press release

Published JUL 02, 2024

CFPB Exams Find Loan Servicing Failures, Illegal Debt Collection Practices, and Issues with Medical Payment Products

The CFPB published an edition of Supervisory Highlights sharing findings from examinations of auto and student loan servicers, debt collectors, medical payment products, and deposit and prepaid accounts.

Press release

Published JUL 02, 2024

Examenes de la CFPB encuentran fallas en productos y servicios financieros | CFPB

La CFPB publica edición de su Reporte de Supervisión, compartiendo hallazgos de su evaluación sobre compañías de administración de préstamos automotrices y estudiantiles, de cobradores de deudas, de productos de pago médico y cuentas de depósito y prepagadas.

Press release

Published JUN 05, 2024

CFPB Lanza Proceso para Reconocer Estándares de Banca Abierta | CFPB

CFPB finaliza normativa delineando las calificaciones para el establecimiento de las organizaciones que desarrollarán los estándares de la banca abierta.

Press release

Published JUN 05, 2024

CFPB Launches Process to Recognize Open Banking Standards

Today, the CFPB finalized a rule outlining the qualifications to become a recognized industry standard setting body, which can issue standards that companies can use to help them comply with the CFPB’s upcoming Personal Financial Data Rights Rule.

Press release

Published JAN 24, 2024

CFPB Proposes Rule to Stop New Junk Fees on Bank Accounts

The Consumer Financial Protection Bureau proposed to block financial institutions from one potential source of new junk fee revenue – fees on instantaneously declined transactions.

Press release

Published JAN 24, 2024

La CFPB Propone Normativa para Detener el Cobro de Tarifas Inesperadas sobre Cuentas Bancarias

CFPB propone bloquearles a las instituciones financieras una potencial fuente de ingresos por nuevas tarifas inesperadas; las penalidades por transacciones declinadas instatáneamente.

Press release

Published JAN 17, 2024

CFPB Proposes Rule to Close Bank Overdraft Loophole that Costs Americans Billions Each Year in Junk Fees

The CFPB today proposed a rule to rein in excessive overdraft fees charged by the nation’s biggest financial institutions.

Press release

Published JAN 17, 2024

La CFPB Propone Normativa para Cerrar el Vacío Legal sobre los Sobregiros Bancarios que le Cuesta Miles de Millones de Dólares a los Consumidores del País

CFPB propone normativa para regir las excesivas penalidades por sobregiros, cobrados por las instituciones financieras más grandes de la nación.

Speech

Published JAN 16, 2024

Prepared Remarks of CFPB Director Rohit Chopra on Overdraft Lending Press Call

Director Chopra delivered remarks on the CFPB’s proposed overdraft lending rule.

Press release

Published DEC 19, 2023

CFPB Report Finds Many College-Sponsored Financial Products Charge High and Unusual Fees

The Consumer Financial Protection Bureau found that many college-sponsored financial products have higher fees and worse terms and conditions compared to typical market products.

Press release

Published SEP 28, 2022

CFPB Orders Regions Bank to Pay $191 Million for Illegal Surprise Overdraft Fees

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

Press release

Published MAY 13, 2019

Consumer Financial Protection Bureau Outlines Plan to Review Rules Under the Regulatory Flexibility Act

Today the Consumer Financial Protection Bureau (CFPB) published a notice on how it plans to periodically review regulations under the Regulatory Flexibility Act (RFA) and to request public input.

Press release

Published JUL 20, 2018

Bureau of Consumer Financial Protection Settles With TCF National Bank

Today the Bureau of Consumer Financial Protection (Bureau) filed in federal district court a proposed settlement with TCF National Bank regarding its marketing and sale of overdraft services.

Press release

Published DEC 15, 2014

CFPB Report Finds Continued Decline in College Credit Card Agreements

Today the Bureau released its annual report on college credit card agreements, which shows a nearly 70 percent decline in the number of agreements since...

Press release

Published JUL 31, 2014

CFPB Finds Small Debit Purchases Lead to Expensive Overdraft Charges

Majority of Debit Card Overdraft Fees Incurred on Transactions of $24 or Less Today, the Bureau released a report that raises concerns about the impact of...

Speech

Published JUL 31, 2014

Prepared Remarks of CFPB Director Richard Cordray on the Overdraft Data Point Press Call

Thank you all for joining me today for the release of the Bureau's data point on checking account overdrafts. This is our second report on overdraft that...

By Richard Cordray

Press release

Published JAN 27, 2014

CFPB Issues Consumer Advisory on Industry’s Data Breach

Advisory Offers Tips to Protect Accounts in Wake of Recent Payment Card Data Breaches Today the Bureau published a consumer advisory to help consumers...

Consumer advisories

Published AUG 09, 2012

Consumer advisory: Accessing your scholarships and student loan funds

The Consumer Financial Protection Bureau is issuing a consumer advisory today to all students expecting to receive scholarship and student loan proceeds onto – what appears to be – a school-endorsed debit card.