CFPB Orders Repeat Offender Portfolio Recovery Associates to Pay More Than $24 Million for Continued Illegal Debt Collection Practices and Consumer Reporting Violations
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) took action today against Portfolio Recovery Associates, one of the largest debt collectors in the nation, for violating a 2015 CFPB…
CFPB Issues Determination that State Disclosure Laws on Business Lending are Consistent with the Truth in Lending Act
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) announced it has determined that state disclosure laws covering lending to businesses in California, New York, Utah, and Virginia are…
CFPB Finalizes Rule to Create a New Data Set on Small Business Lending in America
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) has finalized a rule required by Congress to increase transparency in small business lending, promote economic development, and combat unlawful discrimination.…
CFPB Issues Guidance to Address Abusive Conduct in Consumer Financial Markets
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) issued a policy statement that explains the legal prohibition on abusive conduct in consumer financial markets and summarizes over a…
CFPB Sues James Carnes and Melissa Carnes for Hiding Money to Avoid Paying for Illegal Payday Lending Business
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) took action against James R. Carnes and Melissa C. Carnes, both individually and as co-trustees of the James R. Carnes…
Secretary Antony J. Blinken Following a Meeting with Mayors from the Western Hemisphere To Discuss Efforts to Combat Fentanyl
MAYOR HANCOCK: We are so honored to first host our Secretary of State, Secretary Blinken, to Denver and of course, the 250 mayors from around the Western Hemisphere and over…
announces-revised-methodology-for-determining-average-prime-offer-rates | Consumer Financial Protection Bureau
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) announced a revised version of its “Methodology for Determining Average Prime Offer Rates.” The revised methodology describes the calculations used…
CFPB and Federal Partners Confirm Automated Systems and Advanced Technology Not an Excuse for Lawbreaking Behavior
WASHINGTON, D.C. – Four federal agencies jointly pledged today to uphold America’s commitment to the core principles of fairness, equality, and justice as emerging automated systems, including those sometimes marketed…
CFPB Joins Other Financial Regulatory Agencies in Issuing Statement on Completing the LIBOR Transition
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) joined four other federal financial regulatory agencies, along with state bank and state credit union regulators, in issuing a statement…
Secretary Blinken Delivers Remarks at the 2023 SelectUSA Investment Summit
Secretary of State Antony J. Blinken will deliver closing remarks at the 2023 SelectUSA Investment Summit on Thursday, May 4, 2023 at 11:10 a.m. EDT at the Gaylord National Resort…