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.
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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.
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.
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...
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...
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...
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 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.