CFPB Project Catalyst Study Finds Savings Offers Double the Number of Consumers Saving
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released the results of a Project Catalyst research project finding that offering a small incentive to prepaid card users to…
CFPB Releases Updated Exam Procedures for Military Lending Act
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) issued the procedures its examiners will use in identifying consumer harm and risks related to the Military Lending Act rule…
CFPB Finalizes Strong Federal Protections for Prepaid Account Consumers
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today finalized strong federal consumer protections for prepaid account users. The new rule requires financial institutions to limit consumers’ losses when…
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…