( CFPB-PR-241112-1 ) (11-12-24) (CFPB-PR-2411 ) CFPB Report Details Carveouts for Financial Institutions in State Data Privacy Laws – Gaps in consumer protections pose risks as companies increasingly build business models to make money from personal financial data Excerpt: WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today released a report examining federal and state-level privacy protections for consumers’ […]
Category: Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) is an independent agency of the U.S. government established to ensure that consumers are treated fairly in the financial marketplace and to protect them from misleading or harmful financial practices. The CFPB’s role includes regulating and overseeing financial institutions, enforcing consumer protection laws, and providing resources and education to help consumers make informed financial decisions. It focuses on a wide range of financial products and services, including mortgages, credit cards, and student loans, aiming to promote transparency and accountability in the financial system.
( CFPB Press Releases – Article ) ( Articles ) ( CFPB Press Releases ) CFPB Press Releases (CFPB-Info) Introduction The Consumer Financial Protection Bureau (CFPB) is an essential agency in the United States that focuses on protecting consumers in the financial sector. One of the key methods the CFPB uses to communicate its activities and initiatives is through Press Releases. […]
( CFPB-PR-241107-1 ) (11-07-24) (CFPB-PR-2411) CFPB Orders Navy Federal Credit Union to Pay More Than $95 Million for Illegal Surprise Overdraft Fees – Agency bans nation’s largest credit union from charging certain overdraft fees going forward Excerpt: WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) took action against Navy Federal Credit Union for charging […]
( CFPB-PR241101-1 ) (11-01-24) (CFPB-PR-2411) CFPB Takes Action to Address Townstone Financial’s Unlawful Redlining – Settlement follows a significant victory for the CFPB and its fair lending authority in the U.S. Court of Appeals for the Seventh Circuit Excerpt: WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order to resolve its case against Townstone […]