CFPB Orders GE CareCredit to Refund $34.1 Million for Deceptive Health-Care Credit Card Enrollment
More than 1 Million Consumers Were Potential Victims of Misleading Practices WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau is ordering GE Capital Retail Bank and its subsidiary, CareCredit,…
CFPB Finds Few Consumers File Arbitration Cases
WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau released preliminary research on the use of arbitration clauses in connection with consumer financial products and services. The research indicates that…
Agencies Issue Final Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements
Joint Release:Board of Governors of the Federal Reserve SystemConsumer Financial Protection BureauFederal Deposit Insurance CorporationFederal Housing Finance AgencyNational Credit Union AdministrationOffice of the Comptroller of the Currency For Immediate Release:December…
CFPB Sues CashCall for Illegal Online Loan Servicing
Bureau’s First Online Lending Action Seeks Refund of Illegally Collected Money WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) took its first action against an online loan servicer,…
40th Anniversary of the Embassy Beirut Bombing
Today, we remember the victims of a heinous terrorist attack at the U.S. Embassy in Beirut forty years ago, killing 63 people. We stand with the families, friends, and colleagues…
CFPB Calls on Financial Institutions to Publicly Disclose Campus Financial Agreements
Bureau Finds a Continued Decline in College Credit Card Agreements WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) called on financial institutions to publicly disclose agreements with colleges…
Targeting Hizballah Sanctions Evasion Network
Today, the Department of State and the Department of Treasury are taking actions against a global sanctions evasion network that facilitates the payment, shipment, and delivery of cash, art, and…
CFPB Launches Nationwide Education Campaign About New Mortgage Rules
Materials Offer Consumers Tips on Taking Advantage of New Protections WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) launched a campaign to educate the public about the new…
Federal Financial Regulators Extend Comment Period for Proposed Policy Statement on Assessing Diversity Policies and Practices of Regulated Entities
### 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, State Authorities Order Ocwen to Provide $2 Billion in Relief to Homeowners for Servicing Wrongs
Largest Nonbank Servicer Will Also Refund $125 Million to Foreclosure Victims and Adhere to Significant New Homeowner Protections WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB), authorities in…