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Consumer Financial Protection Bureau

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
Consumer Financial Protection Bureau (CFPB)
National

CFPB Takes Action Against VyStar Credit Union Over Online Banking Failure

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

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has taken decisive action against VyStar Credit Union following its flawed deployment of a new online banking platform that adversely affected its …

CFPB Takes Action Against VyStar Credit Union Over Online Banking Failure Read More

Doctor talking to the patient
National

Joint Statement by CFPB and CMS: Strengthening Protections for Low-Income Medicare Beneficiaries

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

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) and the Centers for Medicare & Medicaid Services (CMS) have issued a joint statement to address unlawful medical billing practices. This …

Joint Statement by CFPB and CMS: Strengthening Protections for Low-Income Medicare Beneficiaries Read More
Consumer Financial Protection Bureau
National

CFPB Issues New Guidance to Safeguard Worker Data in Employment Practices

October 29, 2024October 28, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has issued new guidance emphasizing the rights of employees under the Fair Credit Reporting Act (FCRA). This guidance clarifies that companies …

CFPB Issues New Guidance to Safeguard Worker Data in Employment Practices 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 Levies Significant Penalties Against Apple and Goldman Sachs Over Apple Card Mismanagement

October 29, 2024October 28, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has taken action against Apple Inc. and Goldman Sachs for significant missteps in their management of the Apple Card, affecting hundreds …

CFPB Levies Significant Penalties Against Apple and Goldman Sachs Over Apple Card Mismanagement Read More
Consumer Financial Protection Bureau (CFPB)
National

CFPB Implements Groundbreaking Rule to Enhance Consumer Control Over Financial Data

October 28, 2024October 28, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has finalized a transformative rule designed to significantly enhance consumer rights regarding personal financial data. This landmark regulation mandates that financial …

CFPB Implements Groundbreaking Rule to Enhance Consumer Control Over Financial Data Read More

Consumer Financial Protection Bureau (CFPB)
National

CFPB Sues Climb Credit for Misleading Students and Concealing Loan Costs

October 21, 2024October 21, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Climb Credit, Inc., a student loan provider, and its principal shareholder, 1/0 Holdco LLC. The suit …

CFPB Sues Climb Credit for Misleading Students and Concealing Loan Costs Read More
Consumer Financial Protection Bureau
National

Federal Agencies Hold Fairway Mortgage Accountable for Discriminatory Lending Practices

October 21, 2024October 21, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) and the Justice Department (DOJ) have taken significant action against Fairway Independent Mortgage Corporation, accusing the company of redlining in majority-Black …

Federal Agencies Hold Fairway Mortgage Accountable for Discriminatory Lending Practices Read More
Consumer Financial Protection Bureau (CFPB)
National

CFPB Takes Decisive Action Against Ejudicate for Deceptive Arbitration Practices

October 15, 2024October 14, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has issued a significant enforcement action against Ejudicate, a private dispute resolution platform, after uncovering fraudulent practices that misled student borrowers and …

CFPB Takes Decisive Action Against Ejudicate for Deceptive Arbitration Practices Read More

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