CFPB Orders Bank of America to Pay $10 Million Penalty for Illegal Garnishments
Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) finalized an enforcement action against Bank of America for processing illegal, out-of-state garnishment orders against its customers’ bank accounts. Bank of…
CFPB Issues Advisory Opinion on Coverage of Fair Lending Laws
Washington, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) published an advisory opinion to affirm that the Equal Credit Opportunity Act (ECOA)—a landmark federal civil rights law protecting individuals…
CFPB Orders Scam’s Ringleaders to Pay More Than $8 Million to Consumers and Student Loan Borrowers
Washington, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) finalized an enforcement action against debt-relief payment-processors RAM Payment and Account Management Systems (AMS), as well as AMS’s co-founders, Gregory…
CFPB Releases Report on Mortgage Servicing Metrics
Washington, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) published a report examining mortgage servicers’ responses to the COVID-19 pandemic. The data, collected across 16 large servicers from May…
Secretary Blinken’s Meeting with African Union Commission Chairperson Faki
The following is attributable to Spokesperson Ned Price: Secretary of State Antony J. Blinken today met with African Union Commission Chairperson Moussa Faki Mahamat to discuss follow up to the…
CFPB Takes Action to Protect Depositors from False Claims About FDIC Insurance
Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) released an enforcement memorandum today that addresses prohibited practices on claims about Federal Deposit Insurance Corporation (FDIC) insurance. Specifically, firms cannot…
The United States and Niger: A Strategic Partnership
Secretary of State Antony J. Blinken’s travel to Niger on March 16, 2023, is the country’s first visit by a U.S. Secretary of State. He will meet with President Mohamed…
CFPB Bolsters Enforcement Efforts by States
Washington, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule that describes states’ authorities to pursue lawbreaking companies and individuals that violate the provisions of federal…
Joint Statement from the 13th U.S.-Japan Policy Cooperation Dialogue on the Internet Economy
The text of the following statement was released by the Governments of the United States of America and Japan on the occasion of 13th U.S.-Japan Policy Cooperation Dialogue on the…
CFPB and New York Attorney General Shut Down Debt Collection Ring
Washington, D.C. – The Consumer Financial Protection Bureau (CFPB), in partnership with the New York Attorney General, filed a proposed stipulated judgment in federal court to settle its case against…