Consumer Financial Protection Bureau Issues Final Rule on Small Dollar Lending
WASHINGTON, D.C. — The Consumer Financial Protection Bureau today issued a final rule concerning small dollar lending in order to maintain consumer access to credit and competition in the marketplace.…
Consumer Financial Protection Bureau Ratifies Prior Regulatory Actions
WASHINGTON, D.C. — The Consumer Financial Protection Bureau today ratified most regulatory actions the Bureau took from January 4, 2012 through June 30, 2020. The ratification of previous regulatory actions…
Consumer Financial Protection Bureau Takes Action Against Student-Loan Debt-Relief Business and Its Owners for Taking Illegal Advance Fees
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) settled with Timemark, Inc., a company based in Deerfield Beach, Florida, that provides debt-relief services to consumers with federal student-loan debt,…
CFPB Releases Report on Debt Settlements and Credit Counseling
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) released a report today examining recent trends in debt settlement and credit counseling. Many Americans struggle with their debts, especially during…
Consumer Financial Protection Bureau Sues Student-Loan Debt-Relief Operation for Taking Illegal Advance Fees and Settles with Some Participants
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today filed a complaint in the federal district court for the Central District of California against GST Factoring, Inc., which runs…
CFPB Releases Making Ends Meet Survey
WASHINGTON, D.C. — The Bureau released the first results from the Making Ends Meet survey today. The results provide a deeper understanding of how often U.S. consumers have difficulty making…
CFPB Study Shows Financial Product Could Help Consumers Build Credit
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today released a report indicating that a credit builder loan could increase the likelihood of establishing a credit record for consumers…
Consumer Financial Protection Bureau Files Suit Against Mortgage Creditor for Discriminatory Mortgage-Lending Practices
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today filed a lawsuit against Townstone Financial, Inc., a nonbank retail-mortgage creditor based in Chicago, for violations of the Equal Credit…
Consumer Financial Protection Bureau Releases Online Tool to Help College Students Determine How to Pay for College
WASHINGTON, D.C. – To help students navigate paying for college, the Consumer Financial Protection Bureau (Bureau) today released the “Your Financial Path to Graduation” web tool designed to help students…
CFPB Releases Updated COVID-19 Consumer Complaint Data
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today issued an updated Complaint Bulletin, analyzing the more than 8,000 complaints it received from January through May 2020 that mention…