Prepared Remarks of Seth Frotman at the Poverty Law Conference
CFPB General Counsel Seth Frotman spoke at the Poverty Law Conference about consumer financial law and low-income families.
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Prepared Remarks of CFPB Director Rohit Chopra at the Public Meeting of the Strike Force on Unfair and Illegal Pricing
Director Rohit Chopra outlined recent efforts to combat price gouging and unfair practices in financial services, focusing on private equity involvement, junk fees, and credit card interest rates.
CFPB: consumidores pagan más por estructuras de precios complejas | CFPB
La CFPB emite un nuevo informe que sugiere que los consumidores tienden a pagar más por productos que tienen estructuras de precios más complejas.
CFPB Publishes Research Finding Higher Price Complexity Leads Consumers to Pay More
The CFPB issued a new report that suggests consumers tend to pay more for products that have more complex pricing structures.
Prepared Remarks of CFPB Director Rohit Chopra on a Press Call on Junk Fees
Across the country, Americans are working hard to create and provide products sold here at home and around the world.
CFPB Issues Guidance to Halt Large Banks from Charging Illegal Junk Fees for Basic Customer Service
The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion regarding a provision enacted by Congress which generally prohibits large banks and credit unions from imposing unreasonable obstacles on customers, such as charging excessive fees, for basic information about their own accounts.
CFPB examina devolver $140 millones a consumidores
CFPB publicó una edición especial de su Reporte de Supervisión enfocado en los esfuerzos de la agencia para eliminar las tarifas inesperadas.
CFPB Exams Return $140 Million to Consumers Hit by Illegal Junk Fees in Banking, Auto Loans, and Remittances
The Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights focused on the agency’s efforts to shutdown junk fees.
CFPB Emite Directrices para Impedir que Grandes Bancos Cobren Tarifas Inesperadas Ilegales por Servicios Básicos de Atención al Cliente
La Oficina para la Protección Financiera del Consumidor (CFPB, por sus siglas en inglés) emitió una opinión consultiva sobre una disposición promulgada por el Congreso que en general, prohíbe a los grandes bancos y cooperativas de crédito imponer obstáculos irrazonables a los clientes por información básica sobre sus propias cuentas, como cobrarles tarifas excesivas.
Testimony of CFPB Senior Advisor Brian Shearer on Junk Fees Before the Pennsylvania House of Representatives Consumer Protection, Technology, and Utilities Committee
Testimony of CFPB Senior Advisor Brian Shearer on Junk Fees Before the Pennsylvania House of Representatives Consumer Protection, Technology, and Utilities Committee.
CFPB Proposes Rule to Rein in Excessive Credit Card Late Fees
Today, the Consumer Financial Protection Bureau (CFPB) proposed a rule to curb excessive credit card late fees that cost American families about $12 billion each year. Major credit card issuers continue to profit off a junk fee protected by an immunity provision that allows issuers to escape scrutiny of otherwise illegal late fees.
CFPB Report Finds High Fees Charged on Student Banking Products Endorsed by Colleges
Some financial institutions and colleges may be steering students to more expensive financial products.
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.
CFPB Moves to Reduce Junk Fees Charged by Debt Collectors
Today, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion affirming that federal law often prohibits debt collectors from charging “pay-to-pay” fees. These charges, commonly described by debt collectors as “convenience fees,” are imposed on consumers who want to make a payment in a particular way, such as online or by phone.
CFPB Initiates Review of Credit Card Company Penalty Policies Costing Consumers $12 Billion Each Year
The Consumer Financial Protection Bureau (CFPB) is taking the first step toward addressing credit card company penalty policies costing consumers $12 billion each year, starting by looking at excessive late fees. In an Advance Notice of Proposed Rulemaking published today, the CFPB asks for information on the Federal Reserve Board of Governors’ 2010 immunity provision for excessive late fees that allows credit card companies to escape enforcement scrutiny.
Prepared Remarks of Director Chopra on Credit Card Late Fees ANPR Press Call
CFPB Director Rohit Chopra's statement on credit card late Fees ANPR.
CFPB Finds Credit Card Companies Charged $12 Billion in Late Fee Penalties in 2020
The Consumer Financial Protection Bureau (CFPB) issued a report today showing that credit card issuers charged $12 billion in late fees in 2020. Late fee penalties are charged in addition to interest when a cardholder does not make the minimum payment by the due date.
Consumer Financial Protection Bureau Launches Initiative to Save Americans Billions in Junk Fees
Today, the Consumer Financial Protection Bureau (CFPB) launched an initiative to save households billions of dollars a year by reducing exploitative junk fees charged by banks and financial companies. Today’s request is a chance for the public to share input that will help shape the agency’s rulemaking and guidance agenda, as well as its enforcement priorities in the coming months and years.
Prepared Remarks of CFPB Director Rohit Chopra on the Junk Fees RFI Press Call
This week, President Biden convened members of his cabinet and other agency heads to talk about actions we can take in a whole-of-government approach to spur competition in our economy.
CFPB Research Shows Banks’ Deep Dependence on Overdraft Fees
Banks continue to rely heavily on overdraft and non-sufficient fee (NSF) revenue, which reached an estimated $15.47 billion in 2019, according to research released today by the Consumer Financial Protection Bureau (CFPB).