CFPB Orders Navy Federal Credit Union to Pay $28.5 Million for Improper Debt Collection Actions
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) took action against Navy Federal Credit Union for making false threats about debt collection to its members, which include active-duty…
CFPB Projects that One-in-Three Rehabilitated Student Loan Borrowers Will Re-default Within Two Years
WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman released a report projecting that over the next two years, one-in-three rehabilitated student loan borrowers could be…
CFPB Releases First-Ever Project Catalyst Innovation Highlights Report
Washington, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released a report highlighting various market developments that have the potential to produce benefits for consumers. These developments are emerging…
CFPB Monthly Complaint Snapshot Spotlights Prepaid Product Complaints
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released a monthly complaint snapshot highlighting consumer complaints about prepaid products. The report shows that consumers continue to experience issues…
Notice of Meeting: U.S. Advisory Commission on Public Diplomacy
The U.S. Advisory Commission on Public Diplomacy (ACPD) will hold an in-person public meeting on “The Role of Public Diplomacy in Democracy Promotion” with online (Zoom) access on Thursday, April…
CFPB Warns Financial Institutions About Potential Mortgage Lending Reporting Failures
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) is issuing warning letters to 44 mortgage lenders and mortgage brokers. The Bureau has information that appears to show they…
CFPB Supervision Recovers $11 Million for 225,000 Harmed Consumers
Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) today announced in its Supervisory Highlights report that recent supervisory actions returned more than $11 million to more than 225,000 harmed…
CFPB and New York Attorney General File Lawsuit Against Illegal Nationwide Debt Collection Scheme
Washington, D.C. – Today the Consumer Financial Protection Bureau (CFPB), in partnership with the New York Attorney General, filed a lawsuit in a federal district court against the leaders of…
CFPB Takes Action Against B&B Pawnbrokers For Deceiving Consumers About Loan Costs
Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) today took action against B&B Pawnbrokers, Inc. for deceiving consumers about the actual annual cost of its loans. In a lawsuit…
CFPB Launches Inquiry Into Challenges Consumers Face in Using and Securely Sharing Access to Their Digital Financial Records
WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) announced it is launching an inquiry into the challenges consumers face in accessing, using, and securely sharing their financial records.…