Blog archive

The CFPB took action against the check cashing and payday loan company All American and its owner, Michael Gray, for failing to disclose the cost of cashing a check, using deceptive tactics to prevent consumers from canceling or refunding a transaction, and making deceptive statements about the benefits of its high-cost payday loans.

In July, 122,507 consumers harmed by BrightSpeed Solutions and its founder, Kevin Howard, will begin receiving refund checks in the mail. CFPB sued the privately-owned, third-party payment processor for knowingly facilitating payments for companies that tricked consumers into expensive and unnecessary antivirus software or services.

Here are tips to recover and rebuild financially in the aftermath of Hurricane Beryl, as well as steps you can take to prepare in advance for a potential emergency.

CFPB’s HMDA enforcement cases and research focus on ensuring financial institutions comply with HMDA and Regulation C’s requirement to report complete and accurate mortgage lending information.

The CFPB releases its Fair Lending Annual Report to Congress, describing its fair lending activities in enforcement and supervision; guidance and rulemaking; interagency coordination; and outreach and education for calendar year 2023.

The CFPB approved a rule to address the current and future applications of complex algorithms and artificial intelligence used to estimate home values.

The CFPB is examining how financial institutions market their products to healthcare providers.

New guidance from the US Department of Labor addresses predatory practices on state prepaid debit cards for unemployment insurance payments.

After a Supreme Court decision last month, the CFPB’s rule to bring common-sense consumer protections for payday loans and other kinds of high-cost credit will move forward.

Following the recent tornadoes and heavy storms, here are tips to help you recover financially and prepare in case of a season of severe weather.

Servicemembers have submitted over 400,000 complaints to the CFPB to get help with financial problems including problems with the Servicemember Civil Relief Act. The CFPB helps them get the answers and also enforces the law when necessary, returning $183 million in relief to the military community since 2011.

Join us and other enforcement agencies across the Federal government to ensure the use of advanced technology and automated systems comply with all Federal laws.

Consumers who were tricked into paying loans they did not actually owe will receive payments from the Consumer Financial Protection Bureau’s civil penalty fund.

More than 118,000 consumers who were falsely promised lower interest rates and larger loan amounts if they moved up the “LendUp Ladder” will receive checks in the mail this month.

From flights to rental cars to amusement park tickets, it can feel like there's too much fine print and too many junk fees not included in the upfront price. Some argue that a wide array of pricing options gives consumers more choice, but recent research from the CFPB suggests that complex pricing leads consumers to fare worse and pay higher prices.

The CFPB and DOJ filed an amicus brief to help ensure that servicemembers can file lawsuits to enforce the Servicemembers Civil Relief Act.

The CFPB and FTC filed an amicus brief to help ensure that consumer reporting companies investigate consumer disputes.

CFPB provides input on New York reforms on abusive corporate conduct.

On February 13, the Appraisal Subcommittee (ASC) held a public hearing on appraisal bias, including an examination of The Appraisal Foundation.

Housing costs are high and a lack of competition in pricing and high fees compound the affordability problem.

The CFPB and FTC filed an amicus brief to help ensure that people can hold debt collectors accountable for unlawful fees.

The annual percentage rate (APR) margins, the amount of interest credit card issuers charge cardholders on top of benchmark rates, have reached an all-time high.

More than 8,500 consumers who were misled and charged illegal fees by Performance SLC for federal student loan debt-relief services will receive checks in the mail this month.

The CFPB’s enforcement authority is among our most impactful tools—reinforcing compliance with federal consumer financial laws and sending a clear message to entities within our authority and the public that the CFPB remains vigilant on behalf of consumers.

Recently, several people have received phone or video calls from scammers, pretending to be CFPB employees, who are trying to steal your money. Learn what to watch for and how to protect yourself.