Newsroom - Consumer Financial Protection Bureau
2 days ago · The Consumer Financial Protection Bureau (CFPB) sued the operator of Zelle and three of the nation’s largest banks for failing to protect consumers from widespread fraud on America’s most widely available peer-to-peer payment network.
Recent updates | Consumer Financial Protection Bureau
3 days ago · CFPB Finalizes Personal Financial Data Rights Rule to Boost Competition, Protect Privacy, and Give Families More Choice in Financial Services OCT 22, 2024 Category: Press release
Consumer Financial Protection Bureau
6.8 million+ consumer complaints sent for response; $21 billion+ in financial relief as a result of CFPB actions; 205 million+ people eligible for financial relief
CFPB Finalizes Personal Financial Data Rights Rule to Boost …
Oct 22, 2024 · 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.
CFPB Orders Navy Federal Credit Union to Pay More Than $95 …
Nov 7, 2024 · Through its “Optional Overdraft Protection Service,” known as “OOPS,” Navy Federal charged consumers $20 for most overdraft transactions. The credit union collected nearly $1 billion in overdraft fees from 2017 to 2021.
CFPB Proposes Rule to Close Bank Overdraft Loophole that Costs ...
Jan 17, 2024 · The proposal would close an outdated loophole that exempts overdraft lending services from longstanding provisions of the Truth in Lending Act and other consumer financial protection laws.
CFPB Report Finds Large Retail Chains Charging Cash-back Fees to ...
Aug 27, 2024 · – Today, the Consumer Financial Protection Bureau (CFPB) published a new report finding Americans are paying tens of millions of dollars in fees to access their own money when getting “cash back” at large retail stores when making a …
CFPB Orders Apple and Goldman Sachs to Pay Over $89 Million …
Oct 23, 2024 · – Today, the Consumer Financial Protection Bureau (CFPB) took action against Apple and Goldman Sachs for customer service breakdowns and misrepresentations that impacted hundreds of thousands of Apple Card users.
CFPB Distributes $384 Million to 191,000 Victims of Think …
May 14, 2024 · – The Consumer Financial Protection Bureau (CFPB) today distributed more than $384 million to about 191,000 consumers harmed by Think Finance. Think Finance, a Texas-based online lender, deceived borrowers into repaying loans they did not owe.
CFPB Orders NewDay USA to Pay $2.25 Million for Illegally Luring ...
Aug 29, 2024 · The CFPB took action against repeat offender New Day Financial (NewDay USA) for deceiving active duty servicemembers and veterans seeking cash-out refinance loans.