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In March 2023, the failures of Silicon Valley Bank and Signature Bank threatened to create cascading stress throughout the banking system and inflict serious damage on the economy.

CFPB ordenó al prestamista online Enova International Inc. pagar una multa de $15 millones por asumir conducta ilegal, que incluyó retirar fondos de cuentas bancarias sin autorización, hacer declaraciones engañosas sobre préstamos y cancelar extensiones de préstamos

The Consumer Financial Protection Bureau (CFPB) today ordered online lender Enova International Inc. to pay a $15 million penalty for widespread illegal conduct including withdrawing funds from customers’ bank accounts without their permission, making deceptive statements about loans, and cancelling loan extensions.

Force-placed insurance was a noteworthy facet of the foreclosure crisis in 2007-2008, and remains a continuing risk for homeowners. The CFPB is responsible for enforcing mortgage servicing rules related to force-placed insurance.

The Federal Reserve Board and the Consumer Financial Protection Bureau today announced the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2024 are subject to certain Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) requirements.

The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency today announced that the 2024 threshold for whether higher-priced mortgage loans are subject to special appraisal requirements will increase from $31,000 to $32,400.

Citi singled out for discrimination applicants for certain credit card products whom it suspected of being of Armenian descent.

The CFPB took action against Citi, one of the globe’s largest banks, for intentionally and systematically discriminating against Americans of Armenian descent.

Citi discriminó a aquellos solicitantes de ciertos productos de tarjetas de crédito, de quienes sospechaba eran de ascendencia armenia.

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.

The Consumer Financial Protection Bureau (CFPB) is proposing to supervise larger nonbank companies that offer services like digital wallets and payment apps.

CFPB propone supervisar a las grandes compañías no bancarias que ofrezcan servicios como billeteras digitales y aplicaciones de pago.

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.

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

Eric Halperin, CFPB Enforcement Director, gave prepared remarks at the NCLC Consumer Rights Litigation Conference.

CFPB publicó su informe bienal al Congreso sobre el mercado de tarjetas de crédito de consumo.

The Consumer Financial Protection Bureau (CFPB) today released its biennial report to Congress on the consumer credit card market.

The final rule should help increase investment and lending in historically excluded communities, including rural communities.

Private industry and governments around the world are preparing for how climate change will erode, degrade, or otherwise threaten our economic infrastructure.

One of the biggest challenges that banks face today is recruiting and retaining qualified employees.

Deputy Director Zixta Martinez spoke about the CFPB at The Greenlining Institute's 2023 Just Future Summit.

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.

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.

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.

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.