CFPB Takes Action to Obtain $120 Million in Redress from Sprint and Verizon for Illegal Mobile Cramming
Companies Will Also Pay $38 Million in Fines for Unauthorized Charges on Customers’ Mobile Bills WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau filed proposed orders in federal courts…
Bahrain and Qatar Restore Diplomatic Ties
The United States congratulates our key partners Bahrain and Qatar on their decision to resume diplomatic ties. This breakthrough represents a crucial step in our collective efforts to forge a…
CFPB Launches Public Inquiry Into Student Loan Servicing Practices
Bureau Seeks Information On Industry Practices That Can Create Student Debt Stress WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) is launching a public inquiry into student loan…
CFPB Takes Action Against PayPal for Illegally Signing Up Consumers for Unwanted Online Credit
PayPal to Refund $15 Million to Consumers and Pay $10 Million Fine WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) filed a complaint and proposed consent order in…
CFPB Launches Financial Coaching Initiative
The financial coaching program described in this post ran from April 2015 to March 2019 and has now been completed. Program Targets Transitioning Veterans and Economically Vulnerable Consumers WASHINGTON, D.C.…
CFPB and Department of Justice Take Action Against Provident Funding Associates for Discriminatory Mortgage Pricing
Harmed African-American and Hispanic Borrowers Will Receive $9 Million WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) filed a joint complaint against…
CFPB and Florida Attorney General Obtain $27.7 Million Judgment Against Foreclosure Relief Scam Companies
Court Enters Judgment Against the Hoffman Law Group and Affiliates for Deceiving Consumers and Collecting Illegal Advance Fees; Individuals Involved to Auction Jewelry, Watches to Pay Redress WASHINGTON, D.C. —…
CFPB Launches Financial Well-Being Initiative Targeted To People With Disabilities
ROADS to Financial Independence Initiative Will Pilot in Six Communities Nationwide WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) is announcing the launch of the Reach Outcomes. Achieve…
CFPB Orders RPM Mortgage to Pay $19 Million for Steering Consumers Into Costlier Mortgages
RPM CEO Erwin Robert Hirt to Pay Additional $1 Million Civil Penalty WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) filed a complaint in federal district court against…
CFPB Study Finds Reverse Mortgage Advertisements Can Create False Impressions
CFPB Issues Advisory Warning Consumers Not To Be DeceivedWASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released results of a focus group study on reverse mortgage advertisements that…