CFPB to Oversee Nonbank Auto Finance Companies
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) published a rule today that will allow the agency to supervise larger nonbank auto finance companies for the first time. The…
CFPB Takes Action Against Servicemember Auto Lender for Aggressive Debt Collection Tactics
Auto Loan Company Misled Servicemembers About Consequences of Nonpayment WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) sued an auto loan company, Security National Automotive Acceptance Company, for…
Statement by CFPB Director Richard Cordray on Know Before You Owe Mortgage Disclosure Rule
### The Consumer Financial Protection Bureau (CFPB) is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules,…
CFPB Takes Action Against Medical Debt Collector
Company Mishandled Consumer Credit Reporting Disputes, Prevented Consumers From Exercising Debt Collection Rights WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) announced an enforcement action against a medical…
CFPB Finds 90 Percent of Private Student Loan Borrowers Who Applied for Co-Signer Release Were Rejected
Industry Inquiry Reveals Problems for Consumers Seeking to Prevent Auto-Defaults WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman released a report finding high rates of…
CFPB Identifies Illegal Practices Uncovered Through Supervision
Supervisory Resolutions Across Industries Recover $11.6 Million for More Than 80,000 Consumers WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released its latest supervision report outlining the illegal…
CFPB Proposes Two-Month Extension of Know Before You Owe Mortgage Rule
### The Consumer Financial Protection Bureau (CFPB) is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules,…
CFPB Publishes Over 7,700 Consumer Complaint Narratives About Financial Companies
Over Half of Consumers Filing Complaints Online Opt In to Share Their Experiences Via the CFPB’s Public Complaint Database WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) goes…
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 WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) took action against two credit card…
CFPB Report Finds Servicemembers Continue To Face Roadblocks From Student Loan Servicers
Servicers Still Failing to Provide Legal Protections to Military Borrowers WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau released a report outlining the continued challenges faced by servicemembers when…