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Consumer Financial Protection Bureau

Justice
National

CFPB Bans Student Loan Pro and Owner from Offering Financial Services

December 9, 2024December 9, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has announced enforcement actions against Student Loan Pro and its owner, Judith Noh, permanently barring them from offering consumer financial products or …

CFPB Bans Student Loan Pro and Owner from Offering Financial Services Read More

Data
National

CFPB Proposes Rule to Tighten Oversight of Data Brokers and Safeguard Consumer Privacy

December 9, 2024December 9, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has announced a proposed rule aimed at regulating data brokers who sell sensitive personal and financial information, introducing stricter protections under the …

CFPB Proposes Rule to Tighten Oversight of Data Brokers and Safeguard Consumer Privacy Read More
Consumer Financial Protection Bureau (CFPB)
National

CFPB Tightens Oversight on Digital Payment Giants in Groundbreaking Consumer Protection Rule

November 29, 2024November 29, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has finalized a groundbreaking rule to enhance oversight of the largest nonbank companies facilitating digital payments and wallets. This move addresses the …

CFPB Tightens Oversight on Digital Payment Giants in Groundbreaking Consumer Protection Rule Read More

Consumer Financial Protection Bureau (CFPB)
National

Servicing Failures Exposed: CFPB Report Reveals Deepening Crisis for Student Borrowers

November 18, 2024November 18, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has released its annual report from the Student Loan Ombudsman, shedding light on persistent challenges faced by student borrowers due to systemic …

Servicing Failures Exposed: CFPB Report Reveals Deepening Crisis for Student Borrowers Read More
Consumer Financial Protection Bureau (CFPB)
National

GTL Under Fire: CFPB Penalizes Telecom Giant for Exploiting Incarcerated Populations

November 18, 2024November 18, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has taken decisive action against Global Tel Link Corporation (GTL), accusing the company of engaging in illegal practices that deprived incarcerated individuals …

GTL Under Fire: CFPB Penalizes Telecom Giant for Exploiting Incarcerated Populations Read More

Debt
National

Debt Relief Revealed: CFPB Survey Uncovers Life-Changing Impacts and Hidden Repayment Challenges

November 18, 2024November 18, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has released its inaugural findings from the Student Loan Borrower Survey, offering a comprehensive look into the effects of debt relief programs …

Debt Relief Revealed: CFPB Survey Uncovers Life-Changing Impacts and Hidden Repayment Challenges Read More
Business Women
National

Bias in Business Lending: CFPB Study Reveals Racial Disparities in Loan Treatment

November 18, 2024November 18, 2024 - by Maryann Pugh

WASHINGTON, D.C. — A recent study by the Consumer Financial Protection Bureau (CFPB) has unveiled significant disparities in the treatment of Black and white small business owners seeking loans. The findings …

Bias in Business Lending: CFPB Study Reveals Racial Disparities in Loan Treatment Read More

Cybercrime
National

Data Dilemma: CFPB Exposes Flaws in Financial Privacy Protections, Urging Stronger Safeguards

November 18, 2024November 18, 2024 - by Maryann Pugh

WASHINGTON, D.C. — In a recent report, the Consumer Financial Protection Bureau (CFPB) has cast a spotlight on the deficiencies in federal and state-level privacy protections concerning consumers’ financial data. The …

Data Dilemma: CFPB Exposes Flaws in Financial Privacy Protections, Urging Stronger Safeguards Read More
Consumer Financial Protection Bureau (CFPB)
National

CFPB Imposes Record Penalty on Navy Federal Credit Union for Illegal Overdraft Fees

November 10, 2024November 10, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has levied a significant enforcement action against Navy Federal Credit Union, the largest credit union in the United States, for imposing unlawful …

CFPB Imposes Record Penalty on Navy Federal Credit Union for Illegal Overdraft Fees Read More
Consumer Financial Protection Bureau Requests Information on the Impact of the CARD Act Regulations on Small Entities and the Consumer Credit Card Market
National

CFPB Moves to Resolve Case Against Townstone Financial on Redlining Allegations

November 4, 2024November 4, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has filed a proposed order to resolve its case against Townstone Financial. The order, pending court approval, seeks to address allegations …

CFPB Moves to Resolve Case Against Townstone Financial on Redlining Allegations Read More

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