Newsroom - Consumer Financial Protection Bureau
4 days ago · The CFPB and the FRB are announcing the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2025 are subject to certain protections under Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing). •
Recent updates | Consumer Financial Protection Bureau
6 days ago · Find the latest CFPB activities and publications here. Use the filters below to browse by date, specific topics, or types of posts. Filter posts
CFPB Proposes Rule to Close Bank Overdraft Loophole that Costs ...
Jan 17, 2024 · The CFPB has taken multiple actions to curb out-of-control overdraft fees and other junk fees prevalent in consumer financial products. The CFPB issued guidance to rein in surprise overdraft fees in October 2022.
Consumer Financial Protection Bureau
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CFPB Proposes Rule to Jumpstart Competition and Accelerate Shift …
Oct 19, 2023 · The Consumer Financial Protection Bureau (CFPB) proposed a rule that would accelerate a shift toward open banking, where consumers would have control over data about their financial lives and would gain new protections against companies misusing their data.
CFPB Orders Installment Lender OneMain to Pay $20 Million for …
May 31, 2023 · The Consumer Financial Protection Bureau (CFPB) has ordered installment lender OneMain Financial to pay $20 million in redress and penalties for failing to refund interest charged to 25,000 customers who cancelled purchases within a purported “full refund period,” and for deceiving borrowers about needing to purchase add-on products to ...
CFPB Issues Guidance to Address Abusive Conduct in Consumer …
Apr 3, 2023 · Today, the Consumer Financial Protection Bureau (CFPB) issued a policy statement that explains the legal prohibition on abusive conduct in consumer financial markets and summarizes over a decade of precedent.
CFPB Orders U.S. Bank to Pay $21 Million for Illegal Conduct …
Dec 19, 2023 · The Consumer Financial Protection Bureau ordered U.S. Bank to pay nearly $21 million for keeping consumers from accessing unemployment benefits during the COVID-19 pandemic.
CFPB Bans Excessive Credit Card Late Fees, Lowers Typical Fee …
Mar 5, 2024 · – The Consumer Financial Protection Bureau (CFPB) finalized a rule today to cut excessive credit card late fees by closing a loophole exploited by large card issuers. The rule will curb fees that cost American families more than $14 billion a year.
The CFPB - Consumer Financial Protection Bureau
May 23, 2024 · Fast Facts: CFPB by the Numbers Last updated: May 23, 2024. $20.7 billion+: Amount of monetary compensation, principal reductions, canceled debts, and other consumer relief resulting from CFPB enforcement ($19 billion) and supervisory ($1.7 billion) work.