CFPB and Justice Department Caution Auto Finance Companies about Servicemember Protections
WASHINGTON, D.C. – The Department of Justice and the Consumer Financial Protection Bureau (CFPB) issued a joint letter today reminding auto finance companies of their responsibilities to recognize important legal…
FTC Issues Orders to Social Media and Video Streaming Platforms Regarding Efforts to Address Surge in Advertising for Fraudulent Products and Scams
With fraud on social media surging, the Federal Trade Commission has issued orders to eight social media and video streaming platforms seeking information on how these companies scrutinize and restrict…
Secretary Antony J. Blinken Before Meeting with Ethiopian Civil Society Leaders
SECRETARY BLINKEN: Well, I’m really grateful to each and every one of you, not just for being here this evening but for what you’re doing every single day, which is…
CFPB Takes Action Against Hello Digit for Lying to Consumers About Its Automated Savings Algorithm
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) is taking action against Hello Digit, LLC, a financial technology company that used a faulty algorithm that caused overdrafts and overdraft…
FTC Sues Medical Clinic and its Owner for False or Unsubstantiated Claims its Treatment Could Cure Addiction and Other Diseases
The Federal Trade Commission took action under the Opioid Addiction Recovery Fraud Prevention Act (OARFPA), suing Dr. Dalal A. Akoury and a set of companies she controls that operate as…
CFPB Warns that Digital Marketing Providers Must Comply with Federal Consumer Finance Protections
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule laying out when digital marketing providers for financial firms must comply with federal consumer financial protection…
CFPB Takes Action to Protect the Public from Shoddy Data Security Practices
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) confirmed in a circular published today that financial companies may violate federal consumer financial protection law when they fail to safeguard…
Saudi Arabia’s Purchase of Boeing Aircraft
The United States welcomes today’s announcement that Saudi Arabia will purchase up to 121 Boeing 787 Dreamliner aircraft equipped with General Electric’s most advanced GEnex engines to anchor the newly-formed…
CFPB Report Details Family Finances and Debt in Rural Appalachia
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) has issued the first in a series of reports focusing on the finances of consumers living in rural areas. Today’s report…
FTC Launches Inquiry into Small Business Credit Reports
FTC Launches Inquiry into Small Business Credit Reports Official news published at https://www.ftc.gov/news-events/news/press-releases/2023/03/ftc-launches-inquiry-small-business-credit-reports The post FTC Launches Inquiry into Small Business Credit R...