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From consumerfinance.gov

Explore Credit Cards | Consumer Financial Protection Bureau

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Search our large database of credit cards to find ones that are best for you.

#CFPB #lawfedi #ConsumerProtection

on Wed, 2PM

From consumerfinance.gov

CFPB Takes Action on Bait-and-Switch Credit Card Rewards Tactics | Consumer Financial Protection Bureau

1 1

The CFPB announced several actions on credit cards, including a circular on rewards programs, research on retail cards, and a tool to explore cards.

#CFPB #lawfedi #ConsumerProtection

on Wed, 2PM

From consumerfinance.gov

CreditRepair.com and Lexington Law refund checks: What you need to know | Consumer Financial Protection Bureau

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Over 4 million consumers harmed by Lexington Law and CreditRepair.com’s illegal credit repair activities will receive refund checks beginning in December.

on Tue, 6PM

From consumerfinance.gov

CFPB to distribute nearly $40 million to consumers misled by fintech company LendUp Loans | Consumer Financial Protection Bureau

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More than 118,000 consumers who were falsely promised lower interest rates and larger loan amounts if they moved up the “LendUp Ladder” will receive checks in the mail this month.

on Tue, 6PM

From consumerfinance.gov

What do I do if I’ve been a victim of identity theft? | Consumer Financial Protection Bureau

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If your identity is stolen, you can contact the credit reporting companies – Equifax, Experian, and TransUnion – to place a fraud alert or security freeze on your report.

on Fri, 9AM

From consumerfinance.gov

CFPB Closes Overdraft Loophole to Save Americans Billions in Fees | Consumer Financial Protection Bureau

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The CFPB took action to close an outdated overdraft loophole that exempted overdraft loans from lending laws.

on Thu, 3PM

From consumerfinance.gov

CFPB Kicks Off Rulemaking to Help Mitigate the Financial Consequences of Domestic Violence and Elder Abuse | Consumer Financial Protection Bureau

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The CFPB launched a rulemaking to address the harmful effects of inaccurate credit reporting affecting survivors of domestic violence, elder abuse, and other forms of financial abuse.

on Dec 9

From consumerfinance.gov

CFPB Takes Action Against Climb Credit and Investment Firm 1/0 for Deceiving Borrowers About Coding Bootcamps and Vocational Programs | Consumer Financial Protection Bureau

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The CFPB took action against student lender Climb Credit and its investors, including 1/0 (“One Zero”), which if entered will require the companies to stop making representations in their advertising about the quality of the training programs at their partner schools and graduates’ hiring rates...

on Dec 9

From consumerfinance.gov

CFPB Orders Federal Supervision of Google Following Contested Designation | Consumer Financial Protection Bureau

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The Consumer Financial Protection Bureau (CFPB) today published an order establishing supervisory authority over Google Payment Corp.

on Dec 6

From consumerfinance.gov

CFPB Orders Repeat Offender Portfolio Recovery Associates to Pay More Than $24 Million for Continued Illegal Debt Collection Practices and Consumer Reporting Violations | Consumer Financial Protection Bureau

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The Consumer Financial Protection Bureau (CFPB) took action today against Portfolio Recovery Associates, one of the largest debt collectors in the nation, for violating a 2015 CFPB order and engaging in other violations of law.

on Dec 6

From consumerfinance.gov

CFPB Announces Return of $1.8 Billion in Illegal Junk Fees to 4.3 Million Americans Harmed in Massive Credit Repair Scheme | Consumer Financial Protection Bureau

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The CFPB is distributing $1.8 billion to 4.3 million consumers charged illegal junk fees by credit repair companies including Lexington Law and CreditRepair.com.

on Dec 5

From consumerfinance.gov

CFPB Proposes Rule to Stop Data Brokers from Selling Sensitive Personal Data to Scammers, Stalkers, and Spies | Consumer Financial Protection Bureau

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The CFPB today proposed a rule to rein in data brokers that sell Americans' sensitive personal and financial information.

on Dec 3

From consumerfinance.gov

CFPB Finalizes Rule on Federal Oversight of Popular Digital Payment Apps to Protect Personal Data, Reduce Fraud, and Stop Illegal “Debanking” | Consumer Financial Protection Bureau

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The CFPB today finalized a rule to supervise the largest nonbank companies offering digital funds transfer and payment wallet apps.

on Nov 21

From consumerfinance.gov

CFPB Takes Action to Address Townstone Financial’s Unlawful Redlining | Consumer Financial Protection Bureau

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The CFPB filed a proposed order to resolve its case against Townstone Financial for discriminatory lending practices and redlining African American neighborhoods in Chicago.

on Nov 15

From consumerfinance.gov

CFPB Report Details Student Borrower Harms from Servicing Failures and Program Disruptions | Consumer Financial Protection Bureau

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The CFPB released the annual report of the Student Loan Ombudsman, highlighting severe difficulties reported by student borrowers in consumer complaints.

on Nov 15

From consumerfinance.gov

CFPB Orders Global Tel Link to Pay $3 Million for Illegally Freezing and Draining Payments Accounts for People Who Are Incarcerated | Consumer Financial Protection Bureau

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The CFPB took action against Global Tel Link Corporation and its subsidiaries for taking millions of dollars from consumer accounts and blocking money transfers to consumers who are incarcerated.

on Nov 15

From consumerfinance.gov

CFPB Pilot Study Finds Differential Treatment in Small Business Lending Markets | Consumer Financial Protection Bureau

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The CFPB released a study revealing significant disparities in how lenders treat Black and white small business owners seeking loans.

on Nov 13

From consumerfinance.gov

CFPB Report Details Carveouts for Financial Institutions in State Data Privacy Laws | Consumer Financial Protection Bureau

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The CFPB released a report examining federal and state-level privacy protections for consumers’ financial data.

on Nov 12

From consumerfinance.gov

Consumer Financial Protection Circular 2024-06: Background Dossiers and Algorithmic Scores for Hiring, Promotion, and Other Employment Decisions | Consumer Financial Protection Bureau

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Can an employer make employment decisions utilizing background dossiers, algorithmic scores, and other third-party consumer reports about workers without adhering to the Fair Credit Reporting Act (FCRA)?

on Nov 4

From consumerfinance.gov

CFPB to distribute over $191 million to consumers harmed by Tempoe | Consumer Financial Protection Bureau

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In October, over 250,000 consumers harmed by leasing company Tempoe, LLC, will begin receiving refund checks in the mail. Tempoe tricked customers of major retailers into expensive lease agreements.

on Oct 28

From consumerfinance.gov

CFPB Takes Action to Curb Unchecked Worker Surveillance | Consumer Financial Protection Bureau

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The Consumer Financial Protection Bureau (CFPB) issued guidance to protect workers from unchecked digital tracking and opaque decision-making systems.

on Oct 24

From consumerfinance.gov

CFPB Orders Apple and Goldman Sachs to Pay Over $89 Million for Apple Card Failures | Consumer Financial Protection Bureau

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The CFPB took action against Apple and Goldman Sachs for customer service breakdowns and misrepresentations that impacted hundreds of thousands of Apple Card users.

on Oct 24

From consumerfinance.gov

Apple Inc. | Consumer Financial Protection Bureau

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On October 23, 2024, the Bureau issued an order against Apple Inc.

on Oct 23

From consumerfinance.gov

Required Rulemaking on Personal Financial Data Rights | Consumer Financial Protection Bureau

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CFPB is in the process of writing regulations to implement section 1033 of the Dodd-Frank Act.

on Oct 22

From consumerfinance.gov

CFPB Orders TD Bank to Pay $28 Million for Breakdowns that Illegally Tarnished Consumer Credit Reports | Consumer Financial Protection Bureau

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The CFPB ordered TD Bank to pay $7.76 million to tens of thousands of victims because of the bank’s illegal actions.

on Oct 22

From consumerfinance.gov

CFPB Finalizes Personal Financial Data Rights Rule to Boost Competition, Protect Privacy, and Give Families More Choice in Financial Services | Consumer Financial Protection Bureau

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The CFPB finalized a rule to give consumers greater rights, privacy, and security over their personal financial data by requiring providers to unlock personal financial data for free.

on Oct 22

From consumerfinance.gov

Debt Collection Practices (Regulation F); Deceptive and Unfair Collection of Medical Debt | Consumer Financial Protection Bureau

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The CFPB is issuing this advisory opinion to remind debt collectors of their obligation to comply with the Fair Debt Collection Practices Act and Regulation F’s prohibitions on false, deceptive, or misleading representations or means in connection with the collection of any medical debt and...

on Oct 2

From consumerfinance.gov

Navient Corporation, Navient Solutions, Inc. and Pioneer Credit Recovery, Inc. | Consumer Financial Protection Bureau

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On January 18, 2017, the Bureau filed a complaint against Navient Corporation and its subsidiaries, Navient Solutions, LLC, and Pioneer Credit Recovery, Inc. Navient Corporation is a nonbank that owns and services student loans.

on Sep 23

From consumerfinance.gov

Mortgages | Consumer Financial Protection Bureau

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Whether you’re thinking of buying a home, already have a home loan, or are having trouble paying your mortgage, we have resources to help you every step of the way.

on Sep 22

From consumerfinance.gov

Understanding the Overdraft “Opt-in” Choice | Consumer Financial Protection Bureau

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Banks and credit unions can only charge you overdraft fees on one-time debit card transactions and ATM withdrawals if you "opt in." Learn more about the opt...

on Sep 20

From consumerfinance.gov

High Interest Rates Set to Increase the Cost of Student Loans in 2024 | Consumer Financial Protection Bureau

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Higher student loan interest rates could cost students over $3 billion in additional interest for loans taken out in this year alone.

on Sep 14

From consumerfinance.gov

CFPB Bans Navient from Federal Student Loan Servicing and Orders the Company to Pay $120 Million for Wide-Ranging Student Lending Failures | Consumer Financial Protection Bureau

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Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order against the student loan servicer Navient for its years of failures and lawbreaking.

on Sep 12

From consumerfinance.gov

Consumer Financial Protection Circular 2024-03: Unlawful and unenforceable contract terms and conditions | Consumer Financial Protection Bureau

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“Covered persons” and “service providers” must comply with the prohibition on deceptive acts or practices in the CFPA. The inclusion of certain terms in contracts for consumer financial products or services may violate the prohibition when applicable federal or state law renders such...

on Sep 1

From consumerfinance.gov

CFPB Takes Action to Stop Contract-for-Deed Investors from Setting Borrowers Up to Fail | Consumer Financial Protection Bureau

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The CFPB released an advisory opinion and research report on a form of home seller financing that is often referred to as contract for deed.

on Aug 13

From consumerfinance.gov

CFPB Proposes to Ban Medical Bills from Credit Reports | Consumer Financial Protection Bureau

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Today, the CFPB proposed a rule that would remove medical bills from most credit reports, increase privacy protections, help to increase credit scores and loan approvals, and prevent debt collectors from using the credit reporting system to coerce people to pay.

on Jun 25

From consumerfinance.gov

CFPB Creates Registry to Detect Corporate Repeat Offenders | Consumer Financial Protection Bureau

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The CFPB finalized a rule to establish a registry to detect and deter corporate offenders that have broken consumer financial protection laws.

on Jun 24

From consumerfinance.gov

CFPB Warns Against Deception in Contract Fine Print | Consumer Financial Protection Bureau

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The CFPB today issued a circular warning against the use of unlawful or unenforceable terms and conditions in contracts for consumer financial products or services.

on Jun 24

From consumerfinance.gov

Junk fees | Consumer Financial Protection Bureau

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Junk fees impede competition by making it difficult for families to shop around based on the actual cost of a product or service. By promoting competition and ridding the market of illegal practices, the CFPB hopes to save Americans billions.

on Jun 16

From consumerfinance.gov

Have medical debt? Anything already paid or under $500 should no longer be on your credit report | Consumer Financial Protection Bureau

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The nationwide credit reporting companies have removed medical collections already paid, under $500 or less than a year old from consumer credit reports. Have medical debt? Here’s what you should know.

on May 30

From consumerfinance.gov

Submit a complaint | Consumer Financial Protection Bureau

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Find information and tools to submit a consumer complaint to the Consumer Financial Protection Bureau.

on May 22

From consumerfinance.gov

Opportunities for technologists at the CFPB | Consumer Financial Protection Bureau

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Our mission demands smart, usable and reliable technology and technologists. The CFPB offers two tracks (an ‘Investigation and Supervision’ track and a ‘Technology and Innovation’ track) for skilled technologists who are passionate about using their skills to ensure consumer financial services...

on May 21

From consumerfinance.gov

What laws limit what debt collectors can say or do? | Consumer Financial Protection Bureau

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There are laws that limit what debt collectors can say or do. Learn about your legal protections from debt collectors.

on May 20

From consumerfinance.gov

CFPB Takes Action Against Chime Financial for Illegally Delaying Consumer Refunds | Consumer Financial Protection Bureau

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Today, the Consumer Financial Protection Bureau (CFPB) took action against Chime Financial for failing to give consumers timely refunds when their accounts were closed.

on May 7

From consumerfinance.gov

CFPB Publishes Research Finding Higher Price Complexity Leads Consumers to Pay More | Consumer Financial Protection Bureau

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The CFPB issued a new report that suggests consumers tend to pay more for products that have more complex pricing structures.

on Apr 30

From consumerfinance.gov

CFPB Takes Action Against Coding Boot Camp BloomTech and CEO Austen Allred for Deceiving Students and Hiding Loan Costs | Consumer Financial Protection Bureau

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The CFPB issued an order against BloomTech and its CEO for deceiving students about the cost of loans and making false claims about graduates’ hiring rates.

on Apr 17

From consumerfinance.gov

CFPB Report Identifies Financial and Privacy Risks to Consumers in Video Gaming Marketplaces | Consumer Financial Protection Bureau

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The CFPB issued a report examining the growth of digital commerce in online video games and virtual worlds.

on Apr 4

From consumerfinance.gov

Banking in video games and virtual worlds | Consumer Financial Protection Bureau

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Gaming marketplaces increasingly incorporate banking and payment systems. Learn how the CFPB is monitoring the use of virtual currencies in online games.

on Apr 4