Newsroom | Consumer Financial Protection Bureau

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.

Press release

Published AUG 13, 2024

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.

Speech

Published AUG 13, 2024

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.

Press release

Published AUG 07, 2024

CFPB Report Finds Lenders Cramming Markup Fees and Confusing Terms into Solar Energy Loans

The CFPB issued a report finding that some residential solar lenders are misleading homeowners and cramming markup fees into borrowers’ loan balances.

Speech

Published AUG 07, 2024

Prepared Remarks of CFPB Director Rohit Chopra at the Treasury Roundtable on Solar Financing

Director Rohit Chopra delivered remarks about preventing predatory lending in the residential solar market.

Press release

Published JUL 26, 2024

CFPB Sues Rent-a-Center Affiliate Acima and Acima’s Founder Aaron Allred for Illegal Lending Practices

The CFPB sued a group of companies known as Acima for illegal lending activities in connection with as many as five million consumer financing agreements.

Press release

Published JUL 24, 2024

CFPB Warns Against Intimidation of Whistleblowers

The CFPB issued a circular explaining how companies may break the law by requiring employees sign broad nondisclosure or confidentiality agreements that deter whistleblowing.

Press release

Published JUL 18, 2024

CFPB Proposes Interpretive Rule to Ensure Workers Know the Costs and Fees of Paycheck Advance Products

The CFPB proposed an interpretive rule explaining that many paycheck advance products are consumer loans subject to the Truth in Lending Act.

Speech

Published JUL 17, 2024

Prepared Remarks of CFPB Director Rohit Chopra on Emerging Paycheck Advance Products

Director Chopra delivered remarks on a press call to discuss the CFPB’s proposed interpretive rule on emerging paycheck advance comments.

Press release

Published JUN 04, 2024

CFPB Advierte Contra Engaños en Letra Pequeña de Contratos | CFPB

La CFPB publica circular advirtiendo acerca del uso de términos y condiciones ilegales o incumplibles en contratos de productos o servicios financieros.

Press release

Published JUN 04, 2024

CFPB Warns Against Deception in Contract Fine Print

The CFPB today issued a circular warning against the use of unlawful or unenforceable terms and conditions in contracts for consumer financial products or services.

Press release

Published MAY 30, 2024

CFPB Launches Inquiry into Junk Fees in Mortgage Closing Costs

The Consumer Financial Protection Bureau (CFPB) today launched a public inquiry into junk fees that are increasing mortgage closing costs.

Speech

Published MAY 30, 2024

Prepared Remarks of CFPB Director Rohit Chopra at a White House Event Convening on Mortgage Closing Costs

CFPB Director Rohit Chopra delivered prepared remarks on the agency’s public inquiry into junk fees in mortgage closing costs.

By Rohit Chopra

Press release

Published MAY 30, 2024

CFPB Investiga Tarifas Inesperadas en Costos de Cierre | CFPB

La CFPB lanzó recientemente una solicitud pública de información sobre la existencia de tarifas inesperadas que aumentan los costos de cierre.

Speech

Published MAY 22, 2024

Prepared Remarks of CFPB Director Rohit Chopra on the Buy Now, Pay Later Press Call

CFPB Director Rohit Chopra delivered prepared remarks on an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers.

By Rohit Chopra

Press release

Published MAY 22, 2024

CFPB Takes Action to Ensure Consumers Can Dispute Charges and Obtain Refunds on Buy Now, Pay Later Loans

The Consumer Financial Protection Bureau (CFPB) today issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers.

Press release

Published MAY 22, 2024

CFPB actúa en préstamos Compre Hoy y Pague Luego

La CFPB emitió una interpretación de normativa que confirma que los prestamistas Compre Hoy y Pague Luego son emisores de tarjetas de crédito.

Press release

Published MAY 17, 2024

CFPB Sues SoLo Funds for Deceiving Borrowers and Illegally Extracting Fees

The CFPB sued SoLo Funds, which runs a peer-to-peer lending platform, for lying to borrowers and deceiving them about the total cost of loans.

Press release

Published MAY 17, 2024

CFPB demanda a SoLo Funds por engañar a consumidores

CFPB demanda a SoLo Funds, una plataforma de préstamos persona a persona, por mentirles a sus prestatarios y engañarlos acerca del verdadero costo de sus préstamos.

Speech

Published MAY 17, 2024

Prepared Remarks of CFPB Director Rohit Chopra Regarding the Supreme Court’s Decision in CFPB v. CFSA

CFPB Director Rohit Chopra provided remarks regarding the Supreme Court’s decision in CFPB v. CFSA.

By Rohit Chopra

Speech

Published MAY 09, 2024

Prepared Remarks of CFPB Director Rohit Chopra at the Joint Hearing on Airline and Credit Card Rewards Programs

CFPB Director Rohit Chopra provided opening remarks at the Joint Hearing on Airline and Credit Card Rewards Programs.

By Rohit Chopra

Press release

Published MAY 09, 2024

CFPB reporta frustraciones con programas de recompensas | CFPB

La CFPB publica nuevo reporte donde revela que los consumidores encuentran numerosos problemas en los programas de recompensas de las tarjetas de crédito.

Press release

Published MAY 09, 2024

CFPB Report Highlights Consumer Frustrations with Credit Card Rewards Programs

The CFPB issued a new report finding consumers encounter numerous problems with credit card rewards programs.

Press release

Published MAY 07, 2024

CFPB actúa contra Chime por retraso con reembolsos

CFPB tomó acciones contra Chime Financial por no enviar reembolsos oportunamente a los consumidores luego de que fuesen cerradas sus cuentas.

Press release

Published MAY 07, 2024

CFPB Takes Action Against Chime Financial for Illegally Delaying Consumer Refunds

Today, the Consumer Financial Protection Bureau (CFPB) took action against Chime Financial for failing to give consumers timely refunds when their accounts were closed.