Servicemembers: Latest News, Top Stories & Analysis

WASHINGTON, D.C. — A recent report from the Consumer Financial Protection Bureau (CFPB) reveals that U.S. servicemembers face higher financial risks and costs compared to civilian borrowers when securing auto …

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 Unveils Financial Challenges for Military Community Amid Rising Complaints

September 30, 2024September 30, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has released its annual report detailing significant financial challenges confronting servicemembers, veterans, and military families. The findings paint a concerning picture …