CFPB Finds Four Out Of Five Payday Loans Are Rolled Over Or Renewed
Research Shows the Majority of Payday Loans Are Made to Borrowers Caught in a Revolving Door of Debt WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) issued a…
CFPB Report Shows Complaints Rose 80 Percent in 2013
Annual Consumer Response Report Highlights CFPB Help in Getting Problems Addressed WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) announced today that consumer complaint volume nearly doubled from 91,000…
CFPB Orders Bank Of America To Pay $727 Million In Consumer Relief For Illegal Credit Card Practices
Millions of Consumers Harmed by Bank’s Deceptive Marketing and Unfair Credit Card Billing Practices WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has ordered Bank of America, N.A. and…
CFPB Proposes Revision to Rule Protecting Consumers Sending Money Internationally
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today proposed revisions to its international money transfer rule. The revisions are intended to preserve the rule’s new consumer protections while…
CFPB Finds Private Student Loan Borrowers Face “Auto-Default” When Co-Signer Dies or Goes Bankrupt
Bureau Publishes Consumer Advisory and Sample Letters to Help Borrowers Release Co-Signer WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman released a report highlighting complaints…
CFPB Report Highlights Pain Points for Consumers in Mortgage Closing Process
Bureau Releases Guidelines for New eClosing Mortgage Pilot Project Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) today published a report which finds that many consumers are frustrated by…
Statement of CFPB Director Richard Cordray on BMO Harris Auto Lending Policy
WASHINGTON, D.C. — Consumer Financial Protection Bureau (CFPB) Director Richard Cordray issued the following statement responding to news that BMO Harris Bank plans to pay auto dealers a flat percentage…
CFPB Proposes Minor Changes to Mortgage Rules to Ensure Access to Credit
Proposal Would Assist Nonprofits and Allow for Refunds of Excess Points and Fees for Qualified Mortgages Washington, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) is proposing minor adjustments…
CFPB Releases Tools To Protect Foster Care Children From Credit Reporting Problems
Bureau Publishes Action Letters for Child Welfare Caseworkers to Send to Credit Bureaus Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) today took action to better protect children in…
Under Secretary of State for Political Affairs Nuland’s Travel to Japan and Mongolia
Under Secretary Nuland accompanied Secretary Blinken to the G7 Foreign Ministers’ Meeting in Karuizawa, Japan, April 16-18. She will then travel on to Ulaanbaatar, Mongolia to meet with senior Mongolian…