Consumer Financial Protection Bureau Issues No Action Letter to Facilitate Consumer Access to Small-Dollar Loans
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) granted a no-action letter (NAL) to Bank of America, N.A. regarding certain small-dollar credit products. Issued under the updated NAL Policy…
Consumer Financial Protection Bureau Takes Action Against Debt-Relief Business and Its Owner for Taking Illegal Advance Fees
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today filed a complaint against Performance SLC, LLC (PSLC), a California debt-relief business focused on federal student loan debt; Performance Settlement,…
Consumer Financial Protection Bureau Announces Settlement with Debt Collector for Credit Reporting Violation
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today announced a settlement with Afni, Inc. (Afni) to address its violations in providing information to consumer reporting agencies (CRAs). Afni…
CFPB, Colorado’s Attorney General Announce Joint, Virtual Office Hours
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) and the Office of the Colorado Attorney General announced joint, virtual office hours to be held as part of the American…
Consumer Financial Protection Bureau Sues Debt Settlement Company FDATR, Inc., and Owners Dean Tucci and Kenneth Wayne Halverson
WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (Bureau) filed a lawsuit against FDATR, Inc., and its owners, Dean Tucci and Kenneth Wayne Halverson. The Bureau alleges that FDATR,…
Consumer Financial Protection Bureau Settles with U.S. Equity Advantage, Inc. and Its Owner, Robert M. Steenbergh, for Deceptive Sales Practices
WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (Bureau) issued a consent order against U.S. Equity Advantage, Inc. (“USEA”) and its owner, Robert M. Steenbergh. The Bureau found that…
Consumer Financial Protection Bureau Launches Refreshed Website with a New Interactive Enforcement Database
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (Bureau) launched a refresh of its public website, consumerfinance.gov. The updated website will feature additional user functionality, an improved layout, more…
Consumer Financial Protection Bureau Issues No Action Letter to Facilitate the Use of Artificial Intelligence for Pricing and Underwriting Loans
### 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 Announces Additions to Executive Team
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today announced additions to its executive team. The leadership positions are: Matthew R. Bettenhausen serves as Senior Advisor and Counselor to…
Consumer Financial Protection Bureau Finalizes Advisory Opinions Policy and Announces Two New Advisory Opinions
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (Bureau) issued its final Advisory Opinions Policy (Policy) to publicly address regulatory uncertainty in the Bureau’s existing regulations and provide guidance…