Deputy Director Martinez’s Prepared Remarks at the Consumer Law Scholars Conference
Deputy Director Martinez delivered prepared remarks on the CFPB’s junk fees work at the Consumer Law Scholars Conference in Berkeley, California.
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CFPB Publishes New Findings on Financial Profiles of Buy Now, Pay Later Borrowers
The Consumer Financial Protection Bureau (CFPB) has published a new report analyzing the financial profiles of Buy Now, Pay Later borrowers.
CFPB Publica Reporte de Prestatarios de Compre Ahora y Pague Luego
La CFPB Publica Nuevo Reporte sobre los Perfiles Financieros de Prestatarios de Préstamos Compre Ahora y Pague Luego.
CFPB examina altas tarifas que reducen beneficios públicos
La CFPB publicó un nuevo reporte sobre como los productos financieros usados para entregar beneficios públicos, afectan el acceso a la asistencia provista.
New CFPB Issue Spotlight Examines High Fees that Chip Away at Public Benefits
The Consumer Financial Protection Bureau (CFPB) released a new issue spotlight examining how the financial products used to deliver public benefits, like Social Security and unemployment compensation, affect individuals’ ability to fully access the assistance provided through those programs.
CFPB Announces Appointments of New Advisory Committee Members
The Consumer Financial Protection Bureau (CFPB) announced today the appointment of new members to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council.
La CFPB Cierra el Negocio de Préstamos Hipotecarios de la Corporación RMK Financial, por sus Repetidas Ofensas Contra Familias Militares
La CFPB excluyó permanentemente a RMK Financial Corporation de la industria del crédito hipotecario, prohibiéndole hacer actividades o recibir remuneración.
CFPB Shuts Down Mortgage Loan Business of RMK Financial for Repeat Offenses Against Military Families
Today, the Consumer Financial Protection Bureau (CFPB) permanently banned RMK Financial Corporation, which does business as Majestic Home Loans, from the mortgage lending industry by prohibiting RMK from engaging in any mortgage lending activities or receiving remuneration from mortgage lending.
CFPB Orders TitleMax to Pay a $10 Million Penalty for Unlawful Title Loans and Overcharging Military Families
Today, the Consumer Financial Protection Bureau (CFPB) took action against a web of corporate entities operating under TMX Finance, broadly known as TitleMax, for violating the financial rights of military families and other consumers in providing auto title loans.
CFPB ordena a TittleMax pagar multa de $10 millones
La CFPB tomó acción contra TitleMax por violar derechos de familias militares y de otros consumidores en préstamos automotrices garantizados con títulos.
CFPB Finds One-Third Decline in Collections Items on Consumer Credit Reports
Today, the CFPB released a report examining trends in credit reporting of debt in collections from 2018 to 2022.
CFPB emite normas para proteger a prestatarios de hipotecas
CFPB emite opinión legal para proteger de negociaciones escondidas por compañías que operan plataformas digitales de comparación de ofertas hipotecarias.
CFPB Issues Guidance to Protect Mortgage Borrowers from Pay-to-Play Digital Comparison-Shopping Platforms
Today, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion to protect Americans from double dealing on digital mortgage comparison-shopping platforms. Companies operating these digital platforms appear to shoppers as if they provide objective lender comparisons, but may illegally refer people to only those lenders paying referral fees.
Statement of CFPB Director Rohit Chopra on Mortgage Comparison Shopping in a Time of Higher Interest Rates
CFPB Director Chopra’s statement on digital mortgage comparison-shopping platforms.
CFPB Proposes Rule to Rein in Excessive Credit Card Late Fees
Today, the Consumer Financial Protection Bureau (CFPB) proposed a rule to curb excessive credit card late fees that cost American families about $12 billion each year. Major credit card issuers continue to profit off a junk fee protected by an immunity provision that allows issuers to escape scrutiny of otherwise illegal late fees.
Director Chopra’s Remarks on Press Call for Credit Card Late Fees NPRM
Director Chopra delivered prepared remarks on a press call hosted by the White House.
La CFPB Propone Normativa para Frenar el Cobro de Excesivas Penalidades por Atraso con Tarjetas de Crédito
La CFPB propuso normas para frenar el cobro de excesivas penalidades por atraso con tarjetas de crédito que cuestan al público $12 billones cada año.
CFPB Seeks Public Input on Consumer Credit Card Market
The CFPB issued a request for information today seeking public feedback on how the consumer credit market is functioning as part of a biennial review of the industry.
CFPB emite normativa para eliminar tarifas por suscripciones indeseadas
CFPB emitió circular afirmando que las compañías que ofrezcan suscripciones con opción negativa deben cumplir las leyes de protección financiera del consumidor.
CFPB Issues Guidance to Root Out Tactics Which Charge People Fees for Subscriptions They Don’t Want
The Consumer Financial Protection Bureau (CFPB) issued a new circular affirming that companies offering “negative option” subscription services must comply with federal consumer financial protection law.
Deputy Director Martinez’s Prepared Remarks at the National Fair Housing Alliance Event Previewing “Our America: Lowballed”
Deputy Director Martinez delivered prepared remarks at an event hosted by the National Fair Housing Alliance and the Brookings Institution in Washington, DC.
CFPB toma acción contra demandas falsas a consumidores
La CFPB llegó a un acuerdo en su demanda contra la firma de abogados Forster & Garbus, LLP por sus prácticas ilegales de cobro de deudas.
Statement of CFPB Director Rohit Chopra on Proposed Registry of Supervised Nonbanks that Use Form Contracts to Impose Terms and Conditions that Seek to Waive or Limit Consumer Legal Protections
CFPB Director Chopra’s statement on the proposed registry of contract terms used by supervised nonbank financial companies to prevent negative reviews or to limit consumers’ legal rights and protections.
CFPB Proposes Rule to Establish Public Registry of Terms and Conditions in Form Contracts That Claim to Waive or Limit Consumer Rights and Protections
Today, the Consumer Financial Protection Bureau (CFPB) proposed a rule to establish a public registry of supervised nonbanks’ terms and conditions in “take it or leave it” form contracts that claim to waive or limit consumer rights and protections, like bankruptcy rights, liability amounts, or complaint rights.
Norma para Registro Público de Términos y Condiciones
La CFPB propone norma para establecer un registro público de los términos y condiciones ofrecidos por las entidades no bancarias en contratos “tómelo o déjelo”.