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The CFPB took action to close an outdated overdraft loophole that exempted overdraft loans from lending laws.
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CFPB Sues Comerica Bank for Systematically Failing Disabled and Older Americans
The CFPB sued Comerica Bank for systematically failing its 3.4 million Direct Express cardholders - primarily unbanked Americans receiving federal benefits.
CFPB Report Finds Large Retail Chains Charging Cash-back Fees to Customers Using Debit and Prepaid Cards
The CFPB published a new report finding Americans are paying tens of millions of dollars in fees to access their own money when getting “cash back” at large retail stores when making a purchase with a debit or prepaid card.
CFPB Exams Find Loan Servicing Failures, Illegal Debt Collection Practices, and Issues with Medical Payment Products
The CFPB published an edition of Supervisory Highlights sharing findings from examinations of auto and student loan servicers, debt collectors, medical payment products, and deposit and prepaid accounts.
Examenes de la CFPB encuentran fallas en productos y servicios financieros | CFPB
La CFPB publica edición de su Reporte de Supervisión, compartiendo hallazgos de su evaluación sobre compañías de administración de préstamos automotrices y estudiantiles, de cobradores de deudas, de productos de pago médico y cuentas de depósito y prepagadas.
CFPB Proposes Rule to Stop New Junk Fees on Bank Accounts
The Consumer Financial Protection Bureau proposed to block financial institutions from one potential source of new junk fee revenue – fees on instantaneously declined transactions.
La CFPB Propone Normativa para Detener el Cobro de Tarifas Inesperadas sobre Cuentas Bancarias
CFPB propone bloquearles a las instituciones financieras una potencial fuente de ingresos por nuevas tarifas inesperadas; las penalidades por transacciones declinadas instatáneamente.
CFPB Report Finds Many College-Sponsored Financial Products Charge High and Unusual Fees
The Consumer Financial Protection Bureau found that many college-sponsored financial products have higher fees and worse terms and conditions compared to typical market products.
CFPB Orders U.S. Bank to Pay $21 Million for Illegal Conduct During COVID-19 Pandemic
The Consumer Financial Protection Bureau ordered U.S. Bank to pay nearly $21 million for keeping consumers from accessing unemployment benefits during the COVID-19 pandemic.
CFPB examina altas tarifas que reducen beneficios públicos
La CFPB publicó un nuevo reporte sobre como los productos financieros usados para entregar beneficios públicos, afectan el acceso a la asistencia provista.
New CFPB Issue Spotlight Examines High Fees that Chip Away at Public Benefits
The Consumer Financial Protection Bureau (CFPB) released a new issue spotlight examining how the financial products used to deliver public benefits, like Social Security and unemployment compensation, affect individuals’ ability to fully access the assistance provided through those programs.
Federal Regulators Fine Bank of America $225 Million Over Botched Disbursement of State Unemployment Benefits at Height of Pandemic
The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) have fined Bank of America $225 million for botching the disbursement of state unemployment benefits at the height of the pandemic.
CFPB Releases Research on Tax Time Savings
The Consumer Financial Protection Bureau (Bureau) released today the results of a pilot study, Planning for tax-time savings, launched with the tax preparation company H&R Block that shows that simple messages encouraging customers to use their prepaid card to save at tax time increased the likelihood that they would do so.
Consumer Financial Protection Bureau Announces System for Prepaid Issuers to Submit Account Agreements
The CFPB announced a streamlined electronic submission system for prepaid account issuers to submit their account agreements to the Bureau.
CFPB Finalizes Changes to Prepaid Accounts Rule
Changes Provide More Flexibility and Extend Effective Date to April 2019.
CFPB Statement On Prepaid Rule
Consumer Financial Protection Bureau Statement On Prepaid Rule.
CFPB Seeks Comment on Proposed Changes to Prepaid Rule
Proposal Would Adjust Error Resolution Requirements and Provide More Flexibility for Credit Cards Linked to Digital Wallets.
Prepared Remarks of CFPB Director Richard Cordray on the RushCard Enforcement Action Press Call
Thank you all for joining me on this call. Today, the Consumer Bureau is taking action against UniRush, which administers the RushCard, and Mastercard, its...
CFPB Orders Mastercard and UniRush to Pay $13 Million for RushCard Breakdowns That Cut Off Consumers' Access to Funds
Preventable Failures Left Tens of Thousands of Economically Vulnerable Consumers Unable to Pay for Necessities.
CFPB Monthly Complaint Snapshot Spotlights Prepaid Product Complaints
Report Also Includes In-Depth Look at Consumer Complaints from North Carolina.
Prepared Remarks of CFPB Director Richard Cordray on the Prepaid Accounts Rule Press Call
Thank you for joining us on this call. The CFPB today has finalized a new rule providing strong federal consumer protections for prepaid account users.
CFPB Finalizes Strong Federal Protections for Prepaid Account Consumers
New Rule Includes ‘Know Before You Owe’ Prepaid Disclosures.
Prepared Remarks of CFPB Director Richard Cordray to Corporation for Enterprise Development Assets Learning Conference
Good afternoon and thank you for inviting me today. It is good to be here with so many people who have similar goals and ideals. The thread that ties us...
CFPB Project Catalyst Study Finds Savings Offers Double the Number of Consumers Saving
Project Also Finds Savings Persist After Offers End.
CFPB Monthly Complaint Snapshot Examines Prepaid Complaints
Report Also Includes Look at Consumer Complaints from Texas and the Houston Metro Area Today, the Bureau released its latest monthly consumer complaint...