CFPB Orders Wise to Pay $2.5 Million for Illegal Remittance Practices
The CFPB ordered the international remittance company Wise to pay nearly $2.5 million for a series of illegal actions.
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CFPB Finds Servicemembers Pay More in Auto Lending Market
The CFPB published a report showing that U.S. servicemembers pay higher costs and face greater financial risks when taking out credit to buy a car.
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.
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.
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.
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.
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.
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.
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The CFPB took action to close an outdated overdraft loophole that exempted overdraft loans from lending laws.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Prepared Remarks of CFPB Director Rohit Chopra at the National Housing Conference
Director Chopra delivered remarks on streamlining the refinancing process.
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.
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.
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.
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.
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.