CFPB Finds Servicemembers Pay More in Auto Lending Market
The CFPB published a report showing that U.S. servicemembers pay higher costs and face greater financial risks when taking out credit to buy a car.
Newsroom archive
CFPB Takes Action Against Wrongful Auto Repossessions and Loan Servicing Breakdowns
The CFPB published a new edition of Supervisory Highlights describing the agency’s supervisory findings related to illegal practices in auto finance, including lenders repossessing consumers’ cars after the borrower made timely payments or received loan extensions.
CFPB Orders Toyota Motor Credit to Pay $60 Million for Illegal Lending and Credit Reporting Misconduct
The Consumer Financial Protection Bureau (CFPB) today ordered Toyota Motor Credit Corporation to pay $60 million in consumer redress and penalties for operating an illegal scheme to prevent borrowers from cancelling product bundles that increased their monthly car loan payments.
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 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.
Bureau of Consumer Financial Protection Settles with Santander Consumer USA Inc.
Company Did Not Properly Disclose Terms and Conditions of Its Auto Loan Add-On Product and Auto Loan Extensions.
CFPB Orders First National Bank of Omaha to Pay $32.25 Million for Illegal Credit Card Practices
Deceptive Marketing and Illegal Billing of Add-On Products Harmed Hundreds of Thousands of Consumers.
CFPB Takes Action Against Companies For Unfair Billing Of Credit Card Add-On Products And Services
Consumers Billed for Credit Reporting and Identity Theft Protection Benefits They Did Not Receive Today the Bureau took action against two credit card...
CFPB Orders U.S. Bank to Pay $48 Million Refund to Consumers Illegally Billed for Services Not Received
Approximately 420,000 Consumers Unfairly Charged for Identity Protection "Add-On" Products to Receive Full Refunds Today, the Bureau is ordering U.S. Bank...
Prepared Remarks of CFPB Director Richard Cordray on the GE Capital Enforcement Action Press Call
Thank you for joining us on this call today. Today, the Bureau is ordering GE Capital Retail Bank, now known as Synchrony Bank, to provide $225 million in...
Director Cordray Before the House Committee on Financial Services
Written Testimony of Director Richard Cordray CFPB Before the House Committee on Financial ServicesSeptember 12...
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