CFPB-PR-240829-1 (Aug. 29, 2024) CFPB Orders NewDay USA to Pay $2.25 Million for Illegally Luring Veterans and Military Families into Cash-Out Refinance Loans – NewDay USA’s deceptive tactics came amid VA home loan “churning” scandal WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today took action against repeat offender New Day Financial (NewDay USA) for […]
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Consumer Financial Protection Bureau (CFPB)
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The CFTC is a U.S. government agency established in 2011 under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Its primary mission is to protect consumers in the financial marketplace by ensuring fair treatment, promoting transparency, and enforcing consumer financial laws. The CFTC regulates a wide range of financial products and services, including mortgages, credit cards, student loans, and payday loans. It achieves its goals through a combination of rulemaking, supervision, enforcement, and consumer education initiatives. By monitoring financial institutions and responding to consumer complaints, the CFPB aims to empower consumers with the information and tools needed to make informed financial decisions and to safeguard their interests in a complex and often opaque financial system.
CFPB-PR-240827-1 (Aug. 21, 2024) CFPB Report Finds Large Retail Chains Charging Cash-back Fees to Customers Using Debit and Prepaid Cards – Closures of banks have created conditions for major dollar store chains to charge for cash back WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) published a new report finding Americans are paying tens […]
CFPB-PR-240821-1 (Aug. 21, 2024) CFPB Takes Action Against Fay Servicing for Illegal Foreclosure Actions and Violating Law Enforcement Order – Order requires the mortgage servicer to pay $5 million in redress and penalties, and sets compensation limits on CEO Edward Fay WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today ordered Fay Servicing to pay a $2 […]
CFPB-PR-240818-1 (Aug. 18, 2024) Consumer Resources – Wherever you are on your financial journey, you can prepare yourself to make informed financial decisions with these resources. Date Accessed: Aug.18, 2024 Source URL: https://www.consumerfinance.gov/consumer-tools/ Categories: CFPB CFPB-24 CFPB-2408 Consumer Education PDF Notes: The PDF viewer below disables the links inside the PDF file. The PDF file […]
CFPB-PR-240813-1 (Aug. 13, 2024) CFPB Takes Action to Stop Contract-for-Deed Investors from Setting Borrowers Up to Fail – CFPB affirms that contracts for deed must comply with longstanding federal mortgage protections. Date: Aug. 13, 2024 Accessed: Aug. 26, 2024 Source URL: https://www.consumerfinance.gov/about-us/newsroom/cfpb-takes-action-to-stop-contract-for-deed-investors-from-setting-borrowers-up-to-fail/ Categories: CFTC CFTC-24 CFTC-2401 Contract-for-Deed Investing PDF Notes: The PDF viewer below disables […]
CFPB-PR-240808-1 (Aug. 8, 2024) CFPB Takes Action Against Credit Repair Cloud and CEO Daniel Rosen for Enabling Credit Repair Companies that Harvest Illegal Fees – Proposed order requires defendants to pay $3 million Date: Aug. 8, 2024 Accessed: Aug. 26, 2024 Source URL: https://www.consumerfinance.gov/about-us/newsroom/cfpb-takes-action-against-credit-repair-cloud-and-ceo-daniel-rosen-for-enabling-credit-repair-companies-that-harvest-illegal-fees/ Categories: CFTC CFTC-24 CFTC-2401 Credit Repair Cloud Junk Fees PDF Notes: […]
CFPB-PR-240807-1 (Aug. 7, 2024) CFPB Report Finds Lenders Cramming Markup Fees and Confusing Terms into Solar Energy Loans – Agency issues nationwide consumer advisory on predatory solar lending. Date: Aug. 7, 2024 Accessed: Aug. 26, 2024 Source URL: https://www.consumerfinance.gov/about-us/newsroom/cfpb-report-finds-lenders-cramming-markup-fees-and-confusing-terms-into-solar-energy-loans/ Categories: CFTC CFTC-24 CFTC-2401 Agency Reports Solar Energy Loans PDF Notes: The PDF viewer below disables […]
CFPB-PR-240802-1 (Aug. 2, 2024) CFPB Joins Federal Regulators to Propose Rule to Standardize Data Submitted to Federal Financial Agencies. Date: Aug. 2, 2024 Accessed: Aug. 26, 2024 Source URL: https://www.consumerfinance.gov/about-us/newsroom/cfpb-joins-federal-regulators-to-propose-rule-to-standardize-data-submitted-to-federal-financial-agencies/ Categories: CFTC CFTC-24 CFTC-2401 Agency Rules-Changes PDF Notes: The PDF viewer below disables the links inside the PDF file. The PDF file may be downloaded […]
CFTC-PR-8883-24 (Mar. 22, 2024) Chairman Behnam Announces CFTC Agricultural Advisory Committee to Meet April 11, 2024 in Overland Park, KS Washington, D.C. — Chairman Rostin Behnam, sponsor of the Agricultural Advisory Committee (AAC), today announced the AAC will hold a public meeting on April 11 from 9:30 a.m. to 11:00 a.m. (CDT) at the Sheraton Overland Park […]
CFPB-PR-240111.1 (Jan. 11, 2024) CFPB Addresses Inaccurate Background Check Reports and Sloppy Credit File Sharing Practices – False, incomplete, and old information must not appear in background check reports, and a person’s complete consumer file must be provided to them upon request. Date: Jan. 11, 2024 Accessed: Aug. 26, 2024 Source URL: https://www.consumerfinance.gov/about-us/newsroom/cfpb-addresses-inaccurate-background-check-reports-and-sloppy-credit-file-sharing-practices/ Categories: CFTC […]