Newsroom | Consumer Financial Protection Bureau

Director's statement

Published NOV 22, 2022

Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on the Living Wills Submitted by JPMorgan Chase, Wells Fargo, Bank of America, Citigroup, Goldman Sachs, Morgan Stanley, State Street, and Bank of New York Mellon

CFPB Director Rohit Chopra’s statement on the Living Wills Submitted by JPMorgan Chase, Wells Fargo, Bank of America, Citigroup, Goldman Sachs, Morgan Stanley, State Street, and Bank of New York Mellon.

Banking

Press release

Published NOV 17, 2022

La CFPB Toma Acciones Contra Carrington Mortgage por negarle a Propietarios sus Derechos Bajo la Ley CARES

Esta compañía cobró tarifas y reportó de forma inexacta información crediticia de propietarios a pesar de las protecciones establecidas durante la era de la pandemia.

Press release

Published NOV 17, 2022

CFPB Takes Action Against Carrington Mortgage for Cheating Homeowners out of CARES Act Rights

Company wrongly charged fees and inaccurately reported homeowner credit information despite pandemic-era housing protections.

Speech

Published NOV 17, 2022

Director Chopra’s Prepared Remarks to the Financial Literacy and Education Commission

CFPB Director Chopra’s remarks, as prepared for delivery, at a meeting of the Financial Literacy and Education Commission.

Press release

Published NOV 16, 2022

Los Exámenes de Supervisión de la CFPB Encuentran Fallas en el Reporte del Crédito, Uso de Tarifas Inesperadas y Engañoso Manejo de las Protecciones por COVID-19

Los examinadores de la agencia encuentran violaciones a la ley en muchos productos y servicios financieros.

Press release

Published NOV 16, 2022

CFPB Supervisory Examinations Find Credit Reporting Failures, Junk Fees, and Mishandling of COVID-19 Protections

Agency examiners find legal violations across consumer financial products and services.

Press release

Published NOV 15, 2022

CFPB Reports Highlight Problems with Tenant Background Checks

Today, the Consumer Financial Protection Bureau (CFPB) issued two reports on the tenant background check industry.

Press release

Published NOV 15, 2022

Reporte de la CFPB Destaca Problemas con la Verificación de Antecedentes de Inquilinos

Hoy día, la Oficina para Protección Financiera del Consumidor ha emitido dos reportes sobre la industria de la verificación de antecedentes de inquilinos.

Press release

Published NOV 10, 2022

La CFPB Publica un Nuevo Boletín donde Analiza el Aumento de Quejas sobre Cripto Activos

Engaños y otras estafas encabezan la lista aparecida en las quejas recibidas.

Press release

Published NOV 10, 2022

CFPB Issues Guidance to Address Shoddy Investigation Practices by Consumer Reporting Companies

When consumer reporting companies and furnishers fail to investigate disputed information, consumers are left paying higher interest rates and face greater difficulty finding housing, employment.

Press release

Published NOV 10, 2022

CFPB Publishes New Bulletin Analyzing Rise in Crypto-Asset Complaints

“Pig butchering” and other scams lead list of crypto-asset complaints.

Technologist

Speech

Published NOV 09, 2022

Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, at the FDIC Systemic Resolution Advisory Committee

CFPB Director Chopra’s remarks at a meeting of the FDIC Systemic Resolution Advisory Committee to discuss resolution strategies for large and complex financial institutions.

Banking

Speech

Published NOV 02, 2022

Director Chopra’s Prepared Remarks at the Consumer Advisory Board Meeting

CFPB Director Chopra’s remarks, as prepared for delivery, at a meeting of the Consumer Advisory Board.

Speech

Published OCT 27, 2022

Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, at the FDIC Advisory Committee on Economic Inclusion Meeting

CFPB Director Chopra’s remarks at a meeting of the FDIC Advisory Committee on Economic Inclusion to discuss the 2021 FDIC National Survey of Unbanked and Underbanked Households.

Press release

Published OCT 27, 2022

CFPB Kicks Off Personal Financial Data Rights Rulemaking

Proposals under consideration would fuel market competition and strengthen consumer data rights.

Press release

Published OCT 26, 2022

CFPB Issues Guidance to Help Banks Avoid Charging Illegal Junk Fees on Deposit Accounts

Agency highlights surprise overdraft and surprise depositor fees.

Speech

Published OCT 25, 2022

Director Chopra’s Prepared Remarks at Money 20/20

Prepared remarks of CFPB Director Chopra at the financial technologies conference Money 20/20.

Press release

Published OCT 20, 2022

CFPB Takes Action to Address Junk Data in Credit Reports

Effort seeks to address false information on the credit reports of children in foster care and the general public.

Director's statement

Published OCT 18, 2022

Statement of CFPB Director Rohit Chopra on Complaint Against ACTIVE Network

The CFPB is suing ACTIVE Network, a payments platform used by families across the country to sign up for community activities, including camps and events sponsored by the YMCA, Girl Scouts, and charity race organizers.

By Rohit Chopra

Press release

Published OCT 18, 2022

CFPB Sues Payment Platform Used by YMCA Camps and Charity Race Organizers for Illegally Cramming Consumers With Junk Membership Fees

ACTIVE Network generated more than $300 million in membership fees using digital dark patterns and online trickery.

Director's statement

Published OCT 18, 2022

Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on the Revised Deposit Insurance Assessment Rates Final Rule

CFPB Director Rohit Chopra’s statement on a vote finalizing an increase in deposit insurance assessment rates of two basis points.

Banking

Director's statement

Published OCT 18, 2022

Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on Proposals to Prevent Bailout Risk and Guard Against Increased Concentration in Banking

CFPB Director Rohit Chopra’s statement on a notice of proposed rulemaking to reduce bailout risk among a group of systemically important financial institutions and guard against increasing concentration in banking.

Press release

Published OCT 13, 2022

Agencies Announce Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans

The CFPB, the Federal Reserve Board, and the Office of the Comptroller of the Currency announced the 2023 threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans.

Press release

Published OCT 13, 2022

Agencies Announce Dollar Thresholds in Regulation Z and Regulation M for Exempt Consumer Credit and Lease Transactions

The Federal Reserve Board and the CFPB announced the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2023 are exempt from Regulation Z and Regulation M.

Rulemaking

Press release

Published OCT 13, 2022

CFPB Report Finds High Fees Charged on Student Banking Products Endorsed by Colleges

Some financial institutions and colleges may be steering students to more expensive financial products.