The proposal issued today would resolve questions that have been identified during the implementation process and would help the rules deliver their...
There are different types of fees and charges for personal installment loans. It’s important to check the required disclosures to understand any fees you may be liable for.
Having a bank or credit union account is more convenient and safer than using cash. Also, to have your paychecks direct-deposited or to apply for a loan or a mortgage, you usually need a bank or credit union account.
Financial institutions file Suspicious Activity Reports (SARs) to report suspected financial crimes to the federal government. Filers can indicate in their SARs whether the suspicious activity involves elder financial exploitation (EFE). Law enforcement can access the SARs and use the information to conduct investigations and potentially stop EFE. In 2020, financial institutions filed over 62,000 EFE SARs involving over $3.4 billion.
Specialty consumer reporting companies collect and share information about your employment history, transaction history with a business, or repayment history for a specific product or service.
Today, the Bureau finalized rules to facilitate access to credit by creating specific exemptions and modifications to the CFPB's Ability-to-Repay rule for...
Signing your closing documents is the final step in the homebuying process. Here’s a breakdown of the paperwork and other things you need to keep track of.
Today CFPB Director Richard Cordray issued a decision in the first appeal of a Bureau administrative enforcement proceeding...
Not all home loans are the same. Use our guide to understand how your loan choice affects your monthly payment, your overall costs, and the level of risk.
The CFPB, HHS, and U.S. Department of Treasury launched an inquiry into high-cost specialty financial products, such as medical credit cards and installment loans, that are pushed on patients as a way to pay for routine medical care and which drive up health care costs and medical debt.
‘Fee-Harvester' Credit Cards Misrepresented Charges, Hit Consumers With Excessive Fees Today, the Bureau ordered Continental Finance Company LLC, a subprime...
Millions of Consumers Harmed by Bank's Deceptive Marketing and Unfair Billing of Credit Card Add-On Products and Services, and Other Unlawful Practices The...
You may know about the three biggest nationwide credit reporting companies: Experian, Equifax, and TransUnion. But did you know that there are other...
Bureau Orders New Jersey Title Company to Pay $30,000 for Illegal Kickback Scheme Today, the Bureau ordered a New Jersey company, Stonebridge Title Services...
Specialty consumer reporting companies collect and share information about your employment history, transaction history with a business or repayment history for a specific product or service.
Get answers to frequently asked auto loan questions.
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.
On September 21, 2020, the Bureau issued a consent order against Lobel Financial Corporation, an auto-loan servicer based in Anaheim, California.
This issue spotlight describes the risks workers and consumers face when they become indebted to the employer or the employer’s affiliate as a condition of employment.
The CFPB's mortgage servicing rules ensure that borrowers in trouble get a fair process to avoid foreclosure. Borrowers shouldn't have to worry about...
