CFPB-PR-241115-1 (11-15-24) CFPB Report Details Student Borrower Harms from Servicing Failures and Program Disruptions – Analysis of 18,000 borrower complaints reveals payment processing errors, inaccurate bills and repayment information, and unhelpful customer service WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today released the annual report of the CFPB Student Loan Ombudsman, highlighting the severe difficulties reported by […]
Category: CFPB Press Releases
CFPB Press Releases (GO) are a vital resource for consumers, financial institutions, and the media, providing important updates on the agency’s efforts to protect consumers and promote fair practices in the financial sector. By disseminating timely and relevant information, the CFPB fosters transparency and accountability while empowering consumers to make informed financial choices. Staying informed about these press releases is essential for understanding the evolving landscape of consumer finance and protection.
CFPB-PR-241114-1
CFPB-PR-241114-1 (11-14-24) CFPB Orders Global Tel Link to Pay $3 Million for Illegally Freezing and Draining Payments Accounts for People Who Are Incarcerated – Company profited by taking funds from inactive accounts and blocking money transfers from friends and family used to pay for basic needs WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) took […]
CFPB-PR-241113-2
CFPB-PR-241113-2 (11-13-24) CFPB Survey Reveals Impacts of Student Loan Debt Relief and Repayment Challenges – Debt relief recipients report being able to make beneficial changes in their lives; many borrowers still unaware of repayment options WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) issued its first results from its Student Loan Borrower Survey, […]
CFPB-PR-241113-1
(CFPB-PR-241113-1) (11-13-24) CFPB Pilot Study Finds Differential Treatment in Small Business Lending Markets – Lenders less likely to encourage Black entrepreneurs and more often steer them toward alternative financing WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) released a study revealing significant disparities in how lenders treat Black and white small business owners seeking loans. […]
CFPB-PR-241112-1
( CFPB-PR-241112-1 ) (11-12-24) 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 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today released a report (PDF 23-pages) examining federal and state-level privacy protections […]
CFPB Press Releases – Article
( 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
( CFPB-PR-241107-1 ) (11-07-24) Navy Federal Credit Union On November 7, 2024, the Bureau issued an order against Navy Federal Credit Union, headquartered in Vienna, Virginia. Navy Federal is the largest retail credit union in the United States, with more than 13 million members with ties to the armed forces, Department of Defense, or National Guard […]
CFPB-PR241101-1
( CFPB-PR241101-1 ) (11-01-24) 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.f WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order to resolve its case against Townstone Financial for discriminatory lending practices and redlining […]