Newsroom

The CFPB sued SoLo Funds, which runs a peer-to-peer lending platform, for lying to borrowers and deceiving them about the total cost of loans.

CFPB demanda a SoLo Funds, una plataforma de préstamos persona a persona, por mentirles a sus prestatarios y engañarlos acerca del verdadero costo de sus préstamos.

The Consumer Financial Protection Bureau (CFPB) today published an order establishing supervisory authority over installment lender World Acceptance.

A CURO Group Holdings Company, Heights Finance, formerly known as Southern Management Corporation, induced struggling customers into a fee-harvesting and loan-churning scheme.

Southern Management Corporation indujo a clientes que pasaban por dificultades a caer en un esquema de alteración de préstamos para cobrarles comisiones.

The Consumer Financial Protection Bureau (CFPB) has ordered installment lender OneMain Financial to pay $20 million in redress and penalties for failing to refund interest charged to 25,000 customers who cancelled purchases within a purported “full refund period,” and for deceiving borrowers about needing to purchase add-on products to receive a loan.

CFPB ordenó a OneMain Financial pagar $20 millones en reparaciones y multas, por fallar al no reembolsar intereses y por engañar a sus prestatarios.

The Consumer Financial Protection Bureau (CFPB) has published a new report analyzing the financial profiles of Buy Now, Pay Later borrowers.

La CFPB Publica Nuevo Reporte sobre los Perfiles Financieros de Prestatarios de Préstamos Compre Ahora y Pague Luego.

Today, the Consumer Financial Protection Bureau (CFPB) took action against a web of corporate entities operating under TMX Finance, broadly known as TitleMax, for violating the financial rights of military families and other consumers in providing auto title loans.

La CFPB tomó acción contra TitleMax por violar derechos de familias militares y de otros consumidores en préstamos automotrices garantizados con títulos.

Director Chopra delivered prepared remarks on a press call discussing the release of a report on market trends and consumer impacts from Buy Now, Pay Later loans.

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit today accusing payday lender ACE Cash Express of concealing free repayment plans from struggling borrowers. Because of ACE’s illegal practices, individual borrowers paid hundreds or thousands of dollars in reborrowing fees, when they were in fact eligible for free repayment plans.

The Consumer Financial Protection Bureau granted a no-action letter to Bank of America, N.A. regarding certain small-dollar credit products.

The Consumer Financial Protection Bureau today issued a final rule concerning small dollar lending in order to maintain consumer access to credit and competition in the marketplace.

The Consumer Financial Protection Bureau announced a settlement with Main Street Personal Finance, Inc. and its subsidiaries.

The Consumer Financial Protection Bureau (Bureau), the South Carolina Department of Consumer Affairs (South Carolina), and Arkansas Attorney General Leslie Rutledge filed a lawsuit in federal district court in the District of South Carolina against Candy Kern-Fuller, Howard Sutter III, and Upstate Law Group LLC.

The Consumer Financial Protection Bureau announced a proposed settlement with Think Finance, LLC, formerly known as Think Finance, Inc.

The Consumer Financial Protection Bureau (Bureau) and the Office of the Arkansas Attorney General today filed a proposed settlement with Andrew Gamber; Voyager Financial Group, LLC; BAIC, Inc.; and SoBell Corp.

The Consumer Financial Protection Bureau today is proposing to rescind certain provisions of its 2017 final rule governing “Payday, Vehicle Title, and Certain High-Cost Installment Loans”.

The Bureau expects to issue proposed rules in January 2019 that will reconsider the Bureau's rule regarding Payday, Vehicle Title, and Certain High-Cost Installment Loans and address the rule's compliance date.

Cash Express Made Misleading Representations to Consumers and Improperly Seized Money From Check-Cashing Transactions.

The Bureau of Consumer Financial Protection (Bureau) today released its 17th edition of Supervisory Highlights.

Today, Bureau Acting Director Mick Mulvaney issued the following statement in response to a bulletin from the Office of the Comptroller of the Currency regarding short-term, small-dollar credit.

Proposed Order Would Shutter Post-Settlement Funding Business, End Deceptive Business Practices, and Impose Penalties.