Newsroom

Director Chopra delivered remarks at the April 25, 2023, meeting of the Financial Literacy and Education Commission.

Deputy Director Martinez delivered prepared remarks on the CFPB’s junk fees work at the Consumer Law Scholars Conference in Berkeley, California.

Repeat offender will refund at least $141 million to customers and pay $50 million penalty.

The Consumer Financial Protection Bureau (CFPB) is taking action against Hello Digit, LLC, a financial technology company that used a faulty algorithm that caused overdrafts and overdraft penalties for customers. Hello Digit was meant to save people money, but instead the company falsely guaranteed no overdrafts with its product, broke its promises to make amends on its mistakes, and pocketed a portion of the interest that should have gone to consumers.

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.

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).

Director Rohit Chopra remarks at a press call on overdraft fees.

The Consumer Financial Protection Bureau announced a settlement with TD Bank, N.A. regarding its marketing and sale of its optional overdraft service: Debit Card Advance (DCA).

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.

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.

Bureau Supervision Requires Some Companies to Change Practices to Prevent Future Violations.

Press call on "Know Before You Owe: Overdraft" in Washington, D.C. on August 4, 2017.

New CFPB Study Shows Opted-In Frequent Overdrafters Typically Pay Almost $450 More in Fees.

Bank Deceptively Marketed Its Overdraft Service to Consumers, Violated “Opt-in” Rule.

Bank Refunds $49 Million in Illegal Fees to Consumers Who Did Not Opt-In to Overdraft Today the Bureau took action against Regions Bank for charging...

Today the Bureau is taking its first enforcement action under the federal rules that protect consumers against illegal overdraft fees by their banks. We are...

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...

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...

The report shows big differences across financial institutions when it comes to overdraft coverage on debit card transactions and ATM withdrawals, drawing...

As part of that inquiry, the CFPB is seeking public input on a prototype "penalty fee box" – a disclosure on a consumer's checking account statement that...