CFPB Sues SoLo Funds for Deceiving Borrowers and Illegally Extracting Fees
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.
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Prepared Remarks of CFPB Director Rohit Chopra Regarding the Supreme Court’s Decision in CFPB v. CFSA
CFPB Director Rohit Chopra provided remarks regarding the Supreme Court’s decision in CFPB v. CFSA.
Statement on Supreme Court Decision in CFPB v. CFSA
The Consumer Financial Protection Bureau issued a statement today regarding the Supreme Court’s decision in CFPB v. Community Financial Services Association of America.
CFPB Distributes $384 Million to 191,000 Victims of Think Finance’s Illegal Lending Practices
The CFPB distributed more than $384 million to consumers harmed by Think Finance from the victims relief fund, which has disbursed more than $1 billion.
Agencies announce inflation-adjusted dollar thresholds for Regulation CC funds availability
The Federal Reserve Board and the Consumer Financial Protection Bureau announce inflation-adjusted dollar thresholds for Regulation CC funds availability
Prepared Remarks of CFPB Director Rohit Chopra at the Joint Hearing on Airline and Credit Card Rewards Programs
CFPB Director Rohit Chopra provided opening remarks at the Joint Hearing on Airline and Credit Card Rewards Programs.
CFPB Report Highlights Consumer Frustrations with Credit Card Rewards Programs
The CFPB issued a new report finding consumers encounter numerous problems with credit card rewards programs.
CFPB Takes Action Against Chime Financial for Illegally Delaying Consumer Refunds
Today, the Consumer Financial Protection Bureau (CFPB) took action against Chime Financial for failing to give consumers timely refunds when their accounts were closed.
CFPB Takes Action to Require National Collegiate Student Loan Trusts and Pennsylvania Higher Education Assistance Agency to Pay More than $5 Million for Student Loan Servicing Failures
The Consumer Financial Protection Bureau (CFPB) today took action against National Collegiate Student Loan Trusts and Pennsylvania Higher Education Assistance Agency for multi-year servicing failures.
Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on Proposed Rules Regarding Wall Street Compensation and Bonuses
CFPB Director Rohit Chopra issued a statement on the proposed rules regarding Wall Street compensation and bonuses.
Statement of CFPB Director Rohit Chopra on Medical Financial Products
CFPB Director Rohit Chopra issued a statement on the “captive consumer” model of health savings accounts (HSAs).
CFPB alerta sobre costos ocultos de cuentas para salud | CFPB
CFPB emite reporte detallando los complejos costos y tarifas que consumidores que tienen cuentas de ahorros para gastos de salud son forzados a pagar.
CFPB Highlights the Hidden Costs of Health Savings Accounts
The Consumer Financial Protection Bureau (CFPB) today released a report detailing the complex costs and fees that many consumers with health savings accounts are forced to pay.
CFPB Publishes Research Finding Higher Price Complexity Leads Consumers to Pay More
The CFPB issued a new report that suggests consumers tend to pay more for products that have more complex pricing structures.
CFPB: 15 millones tienen facturas médicas en sus informes de crédito | CFPB
CFPB publica reporte mostrando que hay 15 millones de personas que todavía tienen facturas médicas en sus informes de crédito, a pesar de cambios efectuados en sus procesos por Equifax, Experian y TransUnion.
CFPB Finds 15 Million Americans Have Medical Bills on Their Credit Reports
The CFPB today released research showing that 15 million Americans still have medical bills on their credit reports despite changes by Equifax, Experian, and TransUnion.
Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on Reviewing Investments in and Takeovers of Banks
As Americans suddenly realized they could not withdraw their funds from Sam Bankman-Fried’s FTX in November 2022, they wondered whether they would ever get their money back. In FTX’s bankruptcy filing was an unusual item: a deposit account held by FTX worth roughly $50 million at Farmington State Bank.
CFPB actúa contra tarifas ilegales en hipotecas | CFPB
CFPB publica una edición de su Reporte de Supervisión descibriendo sus acciones para combatir tarifas inesperadas cobradas por administradores de hipotecas.
CFPB Takes Action to Stop Illegal Junk Fees in Mortgage Servicing
The Consumer Financial Protection Bureau (CFPB) published an edition of Supervisory Highlights describing the agency’s actions to combat junk fees charged by mortgage servicers.
CFPB Takes Action Against Coding Boot Camp BloomTech and CEO Austen Allred for Deceiving Students and Hiding Loan Costs
The CFPB issued an order against BloomTech and its CEO for deceiving students about the cost of loans and making false claims about graduates’ hiring rates.
CFPB toma acción contra BloomTech y Austen Allred
CFPB demanda al centro de entrenamiento intensivo BloomTech y a su gerente general Austen Allred, por ocultar costos de préstamos y engañar a sus estudiantes sobre índices de empleo.
CFPB Updates Supervision Designation Procedures
The Consumer Financial Protection Bureau (CFPB) issued a procedural rule to update how the agency designates a nonbank for supervision.
CFPB Letter to Connecticut State Legislature on Barring Medical Bills on Credit Reports
A letter written by Brian Shearer, CFPB Assistant Director of the Office of Policy Planning and Strategy, to Senator Matt Lesser of the Connecticut State Senate
Prepared Remarks of Seth Frotman, General Counsel and Senior Advisor to the Director Consumer Financial Protection Bureau, at the National Consumer Law Center/National Association of Consumer Advocates Spring Training
General Counsel of the CFPB Seth Frotman provided a statement regarding the National Consumer Law Center / National Association of Consumer Advocates Spring training.