CFPB Orders Citi to Pay $25.9 Million for Intentional, Illegal Discrimination Against Armenian Americans
Citi singled out for discrimination applicants for certain credit card products whom it suspected of being of Armenian descent.
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Prepared Remarks of CFPB Director Rohit Chopra on Press Call for CFPB’s Enforcement Action against Citi for Illegal Discrimination Targeting Armenian-Americans
The CFPB took action against Citi, one of the globe’s largest banks, for intentionally and systematically discriminating against Americans of Armenian descent.
CFPB actúa contra Citi por discriminar a consumidores
Citi discriminó a aquellos solicitantes de ciertos productos de tarjetas de crédito, de quienes sospechaba eran de ascendencia armenia.
Prepared Remarks of CFPB Director Rohit Chopra at the Global Financial Innovation Network’s Annual General Meeting
The CFPB notes that there are a few things that routinely come up, especially related to ensuring that startups and new businesses can emerge, bring their services to market, and challenge incumbents.
CFPB propone normativa para supervisar al Big Tech
CFPB propone supervisar a las grandes compañías no bancarias que ofrezcan servicios como billeteras digitales y aplicaciones de pago.
CFPB Proposes New Federal Oversight of Big Tech Companies and Other Providers of Digital Wallets and Payment Apps
The Consumer Financial Protection Bureau (CFPB) is proposing to supervise larger nonbank companies that offer services like digital wallets and payment apps.
Statement of CFPB Director Rohit Chopra on the Financial Stability Oversight Council's Effort to Promote Market Discipline in the Shadow Banking Sector
The economic and psychological damage inflicted by a crisis can linger for many years, and most people will not receive the type of extraordinary government assistance that large financial firms tend to receive.
CFPB Issues New Report on State Community Reinvestment Laws
The Consumer Financial Protection Bureau (CFPB) published a new analysis on state Community Reinvestment Act laws, highlighting how states ensure financial institutions' lending, services, and investment activities meet the credit needs of their communities
Prepared Remarks of Eric Halperin, CFPB Enforcement Director, at the NCLC Consumer Rights Litigation Conference
Eric Halperin, CFPB Enforcement Director, gave prepared remarks at the NCLC Consumer Rights Litigation Conference.
Tarjetas de crédito cobran cifra récord en 2022
CFPB publicó su informe bienal al Congreso sobre el mercado de tarjetas de crédito de consumo.
CFPB Report Finds Credit Card Companies Charged Consumers Record-High $130 Billion in Interest and Fees in 2022
The Consumer Financial Protection Bureau (CFPB) today released its biennial report to Congress on the consumer credit card market.
Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on the Final Rule Implementing the Community Reinvestment Act
The final rule should help increase investment and lending in historically excluded communities, including rural communities.
Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on the Final Guidance Regarding Climate-related Risks
Private industry and governments around the world are preparing for how climate change will erode, degrade, or otherwise threaten our economic infrastructure.
Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on the Proposed Rule Regarding Lifetime Banking Bans for Certain Criminal Offenses
One of the biggest challenges that banks face today is recruiting and retaining qualified employees.
Prepared Remarks of Deputy Director Zixta Martinez at The Greenlining Institute's 2023 Just Future Summit
Deputy Director Zixta Martinez spoke about the CFPB at The Greenlining Institute's 2023 Just Future Summit.
CFPB Proposes Rule to Jumpstart Competition and Accelerate Shift to Open Banking
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 Proposes Rule to Jumpstart Competition and Accelerate Shift to Open Banking
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.
Prepared Remarks of CFPB Director Rohit Chopra on the Proposed Personal Financial Data Rights Rule
Director Chopra discussed the CFPB’s proposed rule to activate a dormant authority under a 2010 law to accelerate much-needed competition and decentralization in banking and consumer finance by making it easier to switch to a new provider.
CFPB Takes Action Against Operator of Sendwave App for Illegally Cheating People on International Money Transfers
The Consumer Financial Protection Bureau (CFPB) today took action against Chime Inc. for deceiving consumers about the speed and cost of remittance transfers through its mobile app, Sendwave.
CFPB Toma Acción Contra el Operador de la Aplicación Sendwave por Ilegalmente Engañar a la Gente en sus Transferencias Internacionales de Dinero
CFPB actúa contra Chime por engañar a consumidores sobre la rapidez y el costo de las transferencias de remezas hechas a través de su aplicación móvil Sendwave.
CFPB and Justice Department Issue Joint Statement Cautioning that Financial Institutions May Not Use Immigration Status to Illegally Discriminate Against Credit Applicants
The Consumer Financial Protection Bureau (CFPB) and Justice Department today issued a joint statement that reminds financial institutions that all credit applicants are protected from discrimination on the basis of their national origin, race, and other characteristics covered by the Equal Credit Opportunity Act, regardless of their immigration status.
La CFPB y el Departamento de Justicia han Emitido una Declaración Conjunta afirmando que las Instituciones No Podrían Usar el Estatus Migratorio para Ilegalmente Discriminar Contra Solicitantes de Crédito
La CFPB y el DOJ emiten declaración conjunta afirmando que las instituciones no podrían usar estatus migratorio para discriminar a solicitantes de crédito.
Joint Statement on Fair Lending and Credit Opportunities for Noncitizen Borrowers under the Equal Credit Opportunity Act
The Consumer Financial Protection Bureau and Department of Justice (collectively, the agencies) jointly issue this statement to assist creditors and borrowers in understanding the potential civil rights implications of a creditor’s consideration of an individual’s immigration status under the Equal Credit Opportunity Act (ECOA).
Prepared Remarks of CFPB Enforcement Director Eric Halperin on the TransUnion Enforcement Actions
Credit reporting agencies have a responsibility to ensure that consumers’ personal data is accurate and secure.
CFPB and FTC Take Actions Against TransUnion for Illegal Rental Background Check and Credit Reporting Practices
The CFPB and Federal Trade Commission took action against a rental screening subsidiary of the TransUnion conglomerate.