CFPB and DOJ Order Ally to Pay $80 Million to Consumers Harmed by Discriminatory Auto Loan Pricing
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) and Department of Justice (DOJ) today ordered Ally Financial Inc. and Ally Bank (Ally) to pay $80 million in damages to…
CFPB Orders American Express to Pay $59.5 Million for Illegal Credit Card Practices
Federal Regulators Fine American Express an Additional $16.2 Million WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today ordered American Express to refund an estimated $59.5 million to more…
CFPB and DOJ Take Action Against National City Bank for Discriminatory Mortgage Pricing
Harmed African-American and Hispanic Borrowers Will Receive $35 Million in Restitution WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) filed a joint…
CFPB Announces Increase in Home Mortgage Disclosure Act Asset-Size Exemption Threshold
### 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 Announces Increase in Higher-Priced Mortgage Loans Escrow Account Asset-Size Threshold
### 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 Releases New Mortgage Rule Resources for Consumers
Bureau Publishes Sample Letters to Mortgage Servicers to Guide Consumers WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) released additional resources for consumers as part of its campaign…
CFPB Seeks Advisory Board and Council Applications
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau announced that it is seeking applications for positions on its advisory groups, the Consumer Advisory Board (CAB), the Credit Union Advisory…
CFPB Takes Action Against Mortgage Kickbacks
Bureau Orders Missouri Lender to Pay $81,000 for Illegal Kickback Scheme WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau ordered a Missouri mortgage lender, Fidelity Mortgage Corporation, and its…
CFPB Proposes Rule to Oversee Larger Nonbank International Money Transfer Providers
Proposal Would Help Bureau Ensure Nonbanks are Implementing New Consumer Protections WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) proposed a rule that would allow it to supervise…
CFPB Issues Consumer Advisory on Industry’s Data Breach
Advisory Offers Tips to Protect Accounts in Wake of Recent Payment Card Data Breaches WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) published a consumer advisory to help…