Newsroom | Consumer Financial Protection Bureau

Press release

Published JAN 17, 2025

CFPB Orders Honda’s Auto Financing Arm to Pay $12.8 Million for COVID-19 and Other Credit Reporting Failures

The CFPB ordered the American Honda Finance Corporation to pay $12.8 million for reporting inaccurate information that affected the credit reports of 300,000 people.

Press release

Published JAN 16, 2025

CFPB Orders Operator of Cash App to Pay $175 Million and Fix Its Failures on Fraud

The CFPB ordered Block, the operator of the peer-to-peer payments app Cash App, to refund consumers $120 million and pay a penalty of $55 million.

Press release

Published DEC 18, 2024

CFPB Takes Action on Bait-and-Switch Credit Card Rewards Tactics

The CFPB announced several actions on credit cards, including a circular on rewards programs, research on retail cards, and a tool to explore cards.

Press release

Published DEC 18, 2024

CFPB actúa contra tácticas engañosas de tarjetas de crédito

CFPB anuncia acciones sobre tarjetas de crédito. Publica circular sobre recompensas, investiga tarjetas de comercios y ofrece herramienta para tarjetas de crédito.

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 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The CFPB took action to close an outdated overdraft loophole that exempted overdraft loans from lending laws.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 NOV 21, 2024

CFPB Finalizes Rule on Federal Oversight of Popular Digital Payment Apps to Protect Personal Data, Reduce Fraud, and Stop Illegal “Debanking”

The CFPB today finalized a rule to supervise the largest nonbank companies offering digital funds transfer and payment wallet apps.

Director's statement

Published NOV 14, 2024

Statement of CFPB Director Rohit Chopra on the FTC’s Click‑to‑Cancel Rule

The CFPB can enforce the new Click-to-Cancel Rule, which will further enable the CFPB to protect consumers from being tricked into paying for products or services they do not want or need.

By Rohit Chopra

Press release

Published NOV 12, 2024

CFPB Report Details Carveouts for Financial Institutions in State Data Privacy Laws

The CFPB released a report examining federal and state-level privacy protections for consumers’ financial data.

Director's statement

Published NOV 12, 2024

Statement of Director Rohit Chopra on the CFPB’s Report on State Consumer Privacy Laws

Today, the CFPB published a report finding that state consumer privacy laws typically exempt entities covered by federal financial privacy laws.

By Rohit Chopra

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

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.

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

Press release

Published SEP 12, 2024

CFPB Bans Navient from Federal Student Loan Servicing and Orders the Company to Pay $120 Million for Wide-Ranging Student Lending Failures

Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order against the student loan servicer Navient for its years of failures and lawbreaking.

Speech

Published SEP 12, 2024

Prepared Remarks of CFPB Director Rohit Chopra on the Navient Enforcement Action Press Call

Director Chopra delivered remarks on the CFPB’s enforcement action against Navient.

Press release

Published SEP 11, 2024

CFPB Orders TD Bank to Pay $28 Million for Breakdowns that Illegally Tarnished Consumer Credit Reports

The CFPB ordered TD Bank to pay $7.76 million to tens of thousands of victims because of the bank’s illegal actions.

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 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.

Press release

Published AUG 13, 2024

CFPB actúa contra inversionistas por engañar a prestatarios | CFPB

La CFPB publicó una opinión consultiva y un reporte investigativo sobre una forma de financiamiento que es frecuentemente llamada contrato por escrituras.

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 AUG 07, 2024

Reporte halla tarifas exageradas en préstamos para energía solar | CFPB

La CFPB publica reporte que revela que muchos prestamistas de préstamos para energía solar residencial están engañando a los propietarios y agregando tarifas en los saldos de los prestatarios.