CFPB Warns Credit Card Companies Against Deceptively Marketing Promotional Offers
Consumers Can Be Hit With Surprise Charges After Signing Up for Credit Card Interest-Rate Promotions WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) warned credit card companies against…
Agencies Announce Increases in Dollar Thresholds in Regulations Z and M for Exempt Consumer Credit and Lease Transactions
### 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 Finalizes Rule to Oversee Larger Nonbank International Money Transfer Providers
Rule Helps Bureau Ensure Nonbanks Are Implementing New Consumer Protections WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule that allows it to supervise certain nonbank…
Special Representative for Commercial and Business Affairs Syed’s Travel to Nevada and California
From April 17-20, Special Representative for Commercial and Business Affairs Dilawar Syed will travel to Reno, Nevada and Irvine, California to engage with local leaders, entrepreneurs, and the business community…
CFPB Sues For-Profit Corinthian Colleges for Predatory Lending Scheme
Bureau Seeks More than $500 Million In Relief For Borrowers of Corinthian’s Private Student Loans WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) sued for-profit college chain Corinthian…
CFPB Sues Online Payday Lender for Cash-Grab Scam
The Hydra Group Uses Phony Payday Loans to Illegally Access Consumer Bank Accounts WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) announced its action to halt the operations…
CFPB Proposes New Federal Oversight of Nonbank Auto Finance Companies
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) is proposing to oversee larger nonbank auto finance companies for the first time at the federal level. The Bureau also released…
Federal Financial Institutions Examination Council Announces Availability of 2013 Data on Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 7,190 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA).…
CFPB Announces Project Catalyst Research Pilot
Bureau to Examine Effectiveness of Credit Card Counseling For At-Risk Consumers WASHINGTON, D.C.– Today, the Consumer Financial Protection Bureau (CFPB) announced a Project Catalyst research pilot to examine the effectiveness…
CFPB Orders U.S. Bank to Pay $48 Million Refund to Consumers Illegally Billed for Services Not Received
Approximately 420,000 Consumers Unfairly Charged for Identity Protection “Add-On” Products to Receive Full Refunds WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) is ordering U.S. Bank to provide…