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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.
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4 days ago · Find the latest CFPB activities and publications here. Use the filters below to browse by date, specific topics, or types of posts. Filter posts
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 · "The CFPB is cracking down on these excessive junk fees and requiring big banks to come clean about the interest rate they're charging on overdraft loans." Today’s action closes the large bank regulatory loophole that exempted overdraft fees as a finance charge.
CFPB Proposes Rule to Close Bank Overdraft Loophole that Costs ...
Jan 17, 2024 · The CFPB has taken multiple actions to curb out-of-control overdraft fees and other junk fees prevalent in consumer financial products. The CFPB issued guidance to rein in surprise overdraft fees in October 2022.
Consumer Financial Protection Bureau
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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 Orders Navy Federal Credit Union to Pay More Than $95 …
Nov 7, 2024 · The CFPB is ordering Navy Federal to refund more than $80 million to consumers, stop charging illegal overdraft fees, and pay a $15 million civil penalty to the CFPB’s victims relief fund. This is the largest amount the CFPB has ever obtained from a credit union for illegal activity.
CFPB Files Lawsuit to Stop Illegal Kickback Scheme to Steer …
Dec 23, 2024 · The CFPB is suing Rocket Homes, The Mitchell Group, and Jason Mitchell to stop the kickback scheme, provide consumer redress, and obtain a civil penalty which will be deposited into the CFPB’s victims relief fund.
CFPB Orders U.S. Bank to Pay $21 Million for Illegal Conduct …
Dec 19, 2023 · The Consumer Financial Protection Bureau ordered U.S. Bank to pay nearly $21 million for keeping consumers from accessing unemployment benefits during the COVID-19 pandemic.