Newsroom - Consumer Financial Protection Bureau
4 days ago · The Consumer Financial Protection Bureau (CFPB) sued the operator of Zelle and three of the nation’s largest banks for failing to protect consumers from widespread fraud on America’s most widely available peer-to-peer payment network.
Recent updates | Consumer Financial Protection Bureau
4 days ago · CFPB Finalizes Personal Financial Data Rights Rule to Boost Competition, Protect Privacy, and Give Families More Choice in Financial Services OCT 22, 2024 Category: Press release
CFPB Sues JPMorgan Chase, Bank of America, and Wells Fargo for …
Dec 20, 2024 · The Consumer Financial Protection Bureau (CFPB) sued the operator of Zelle and three of the nation’s largest banks for failing to protect consumers from widespread fraud on America’s most widely available peer-to-peer payment network.
CFPB Finalizes Personal Financial Data Rights Rule to Boost …
Oct 22, 2024 · 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.
CFPB Closes Overdraft Loophole to Save Americans Billions in Fees
Dec 12, 2024 · – Today, the Consumer Financial Protection Bureau (CFPB) took action to close an outdated overdraft loophole that exempted overdraft loans from lending laws. The agency’s final rule on overdraft fees applies to the banks and credit unions with more than $10 billion in assets that dominate the U.S. market.
CFPB Finalizes Rule to Protect Homeowners on Solar Panel Loans …
Dec 17, 2024 · In 2022, the CFPB finalized a required rule to help human trafficking survivors rebuild their financial lives. The CFPB has also looked and reviewed regulations related to junk fees , including in the mortgage market .
Consumer Financial Protection Bureau
6.8 million+ consumer complaints sent for response; $21 billion+ in financial relief as a result of CFPB actions; 205 million+ people eligible for financial relief
CFPB Orders Navy Federal Credit Union to Pay More Than $95 …
Nov 7, 2024 · Through its “Optional Overdraft Protection Service,” known as “OOPS,” Navy Federal charged consumers $20 for most overdraft transactions. The credit union collected nearly $1 billion in overdraft fees from 2017 to 2021.
CFPB Sues Walmart and Branch Messenger for Illegally Opening …
Dec 23, 2024 · – Today, the Consumer Financial Protection Bureau (CFPB) sued Walmart and Branch Messenger for forcing delivery drivers to use costly deposit accounts to get paid and for deceiving workers— “last mile” drivers in Walmart’s Spark Driver program—about how they could access their earnings.
CFPB Announces Return of $1.8 Billion in Illegal Junk Fees to 4.3 ...
Dec 5, 2024 · – The Consumer Financial Protection Bureau (CFPB) is distributing $1.8 billion to 4.3 million consumers charged illegal advance fees or subjected to allegedly deceptive bait-and-switch advertising by a group of credit repair companies including Lexington Law and CreditRepair.com. Together, the payments constitute the largest-ever distribution ...