Newsroom | Consumer Financial Protection Bureau

Press release

Published NOV 13, 2024

CFPB Survey Reveals Impacts of Student Loan Debt Relief and Repayment Challenges

The CFPB issued its first results from its Student Loan Borrower Survey, providing insights into the effects of student loan debt relief programs and the challenges borrowers face in navigating repayment options.

Press release

Published NOV 13, 2024

CFPB Pilot Study Finds Differential Treatment in Small Business Lending Markets

The CFPB released a study revealing significant disparities in how lenders treat Black and white small business owners seeking loans.

Press release

Published NOV 12, 2024

CFPB Report Details Carveouts for Financial Institutions in State Data Privacy Laws

The CFPB released a report examining federal and state-level privacy protections for consumers’ financial data.

Director's statement

Published NOV 12, 2024

Statement of Director Rohit Chopra on the CFPB’s Report on State Consumer Privacy Laws

Today, the CFPB published a report finding that state consumer privacy laws typically exempt entities covered by federal financial privacy laws.

By Rohit Chopra

Press release

Published NOV 07, 2024

CFPB Orders Navy Federal Credit Union to Pay More Than $95 Million for Illegal Surprise Overdraft Fees

The CFPB took action against Navy Federal Credit Union for charging illegal overdraft fees.

Press release

Published NOV 01, 2024

CFPB Takes Action to Address Townstone Financial’s Unlawful Redlining

The CFPB filed a proposed order to resolve its case against Townstone Financial for discriminatory lending practices and redlining African American neighborhoods in Chicago.

Press release

Published OCT 31, 2024

CFPB Orders VyStar Credit Union to Pay $1.5 Million for Illegally Stranding Consumers from Accessing Their Money and Accounts

The CFPB took action against VyStar Credit Union for harming consumers through its botched rollout of a new online banking system.

Press release

Published OCT 31, 2024

CFPB and CMS Take Action to Stop Illegal Billing of Lowest-Income Medicare Recipients

The Consumer Financial Protection Bureau and the Centers for Medicare and Medicaid Services issued a joint letter to protect millions of Medicare beneficiaries living at or below the poverty line from unlawful medical bills.

Press release

Published OCT 24, 2024

CFPB Takes Action to Curb Unchecked Worker Surveillance

The Consumer Financial Protection Bureau (CFPB) issued guidance to protect workers from unchecked digital tracking and opaque decision-making systems.

Speech

Published OCT 24, 2024

Prepared Remarks of CFPB Director Rohit Chopra at the Joint Field Hearing with the Department of Labor on Worker Tracking

Director Chopra delivered remarks at the Joint Field Hearing with the Department of Labor on Worker Tracking in Michigan.

By Rohit Chopra

Speech

Published OCT 23, 2024

Prepared Remarks of CFPB Director Rohit Chopra at Georgetown University’s DC Fintech Week

Director Chopra delivered remarks at Georgetown University’s DC Fintech Week.

By Rohit Chopra

Speech

Published OCT 23, 2024

Prepared Remarks of CFPB Director Rohit Chopra on the Goldman Sachs and Apple Enforcement Press Call

The CFPB is taking action against two of our country’s most powerful corporations, Apple and Goldman Sachs.

By Rohit Chopra

Press release

Published OCT 23, 2024

CFPB Orders Apple and Goldman Sachs to Pay Over $89 Million for Apple Card Failures

The CFPB took action against Apple and Goldman Sachs for customer service breakdowns and misrepresentations that impacted hundreds of thousands of Apple Card users.

Speech

Published OCT 22, 2024

Prepared Remarks of CFPB Director Rohit Chopra at the Federal Reserve Bank of Philadelphia on the Personal Financial Data Rights Rule

Director Chopra delivered remarks at the Federal Reserve Bank of Philadelphia about the CFPB’s Personal Financial Data Rights Final Rule.

By Rohit Chopra

Press release

Published OCT 22, 2024

CFPB Finalizes Personal Financial Data Rights Rule to Boost Competition, Protect Privacy, and Give Families More Choice in Financial Services

The CFPB finalized a rule to give consumers greater rights, privacy, and security over their personal financial data by requiring providers to unlock personal financial data for free.

Press release

Published OCT 17, 2024

CFPB Sues Student Lender Climb Credit and Investment Firm 1/0 for Deceiving Borrowers About Coding Bootcamps and Vocational Programs

Today, the CFPB sued student lender Climb Credit and 1/0 (“one zero”) for misrepresenting the quality of the programs at their partner schools and making false claims about graduates’ outcomes.

Speech

Published OCT 17, 2024

Prepared Remarks of Julie Margetta Morgan at the HealthWatch Wisconsin Medical Debt Symposium

CFPB Associate Director Julie Margetta Morgan delivered remarks at the HealthWatch Wisconsin Medical Debt Symposium.

By Julie Margetta Morgan

Press release

Published OCT 15, 2024

CFPB and Justice Department Take Action Against Fairway for Redlining Black Neighborhoods in Birmingham, Alabama

The CFPB and DOJ took action to end Fairway Mortgage Corporation’s illegal mortgage lending redlining against majority-Black neighborhoods in the greater Birmingham, Alabama area.

Speech

Published OCT 15, 2024

Prepared Remarks of CFPB Director Rohit Chopra at Harvard Law School on the Asset Management Oligopoly

Director Chopra delivered remarks about the asset management oligopoly at Harvard Law School.

By Rohit Chopra

Press release

Published OCT 10, 2024

CFPB Takes Action Against Arbitration Platform Ejudicate for Deceiving Student Borrowers

The CFPB banned private dispute resolution platform Ejudicate from arbitrating disputes about consumer products after it misled borrowers about its neutrality and initiated sham arbitration proceedings.

Press release

Published OCT 07, 2024

CFPB Takes Action Against Wrongful Auto Repossessions and Loan Servicing Breakdowns

The CFPB published a new edition of Supervisory Highlights describing the agency’s supervisory findings related to illegal practices in auto finance, including lenders repossessing consumers’ cars after the borrower made timely payments or received loan extensions.

Press release

Published OCT 04, 2024

Agencies Announce Dollar Thresholds for Applicability of Truth in Lending and Consumer Leasing Rules for Consumer Credit and Lease Transactions

The CFPB and the FRB are announcing the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2025 are subject to certain protections under Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing).

Press release

Published OCT 04, 2024

Agencies Announce Dollar Thresholds for Smaller Loan Exemption from Appraisal Requirements for Higher-priced Mortgage Loans

The CFPB, the FRB, and the OCC are announcing that the 2025 threshold for higher-priced mortgage loans that are subject to special appraisal requirements will increase from $32,400 to $33,500.

Speech

Published OCT 01, 2024

Prepared Remarks of CFPB Director Rohit Chopra at a White House Convening on Medical Debt

Director Chopra delivered remarks about medical debt at a White House convening.

By Rohit Chopra

Consumer advisories

Published OCT 01, 2024

Consumer advisory: Pause and review your rights when you hear from a medical debt collector

Getting a call from a debt collector about medical costs can feel like it’s making a painful situation worse. Don’t pay just to make it go away. Know your rights and check the facts.