Newsroom | Consumer Financial Protection Bureau

Press release

Published AUG 21, 2024

CFPB Takes Action Against Fay Servicing for Illegal Foreclosure Actions and Violating Law Enforcement Order

The CFPB ordered Fay Servicing to pay a $2 million penalty for violations of mortgage servicing laws, and for violations of a 2017 agency order.

Press release

Published AUG 08, 2024

CFPB Takes Action Against Credit Repair Cloud and CEO Daniel Rosen for Enabling Credit Repair Companies that Harvest Illegal Fees

The CFPB filed a proposed order to resolve its lawsuit against Credit Repair Cloud and CEO Daniel Rosen for assisting businesses that charge illegal advance fees to consumers.

Enforcement

Press release

Published JUL 26, 2024

CFPB Sues Rent-a-Center Affiliate Acima and Acima’s Founder Aaron Allred for Illegal Lending Practices

The CFPB sued a group of companies known as Acima for illegal lending activities in connection with as many as five million consumer financing agreements.

Press release

Published JUL 09, 2024

CFPB Takes Action Against Fifth Third for Wrongfully Triggering Auto Repossessions and Opening Fake Bank Accounts

The CFPB took action against repeat offender Fifth Third Bank for a range of illegal activities that would result in the bank paying millions in penalties as well as paying redress to harmed consumers.

Press release

Published JUN 18, 2024

CFPB Takes Action Against Sutherland Global and NOVAD Management Consulting for Reverse Mortgage Servicing Failures

The CFPB ordered a reverse mortgage servicing operation to stop illegal activities that harmed older homeowners and caused them to fear losing their homes.

Press release

Published JUN 18, 2024

CFPB Takes Action Against Repeat Offender Freedom Mortgage Corporation for Violating Law Enforcement Order and for Housing Data Errors

The CFPB filed a proposed order that would require Freedom Mortgage Corporation to pay a $3.95 million penalty for submitting error-riddled mortgage loan data.

Press release

Published JUN 17, 2024

CFPB Takes Action Against James and Melissa Carnes for Fraudulently Hiding Money to Evade Law Enforcement

The CFPB filed an order to resolve its lawsuit against James R. and Melissa C. Carnes for fraudulent transfers to avoid paying restitution and penalties.

Press release

Published JUN 17, 2024

CFPB actúa contra los Carnes por esconder dinero | CFPB

La CFPB introduce orden para resolver su demanda contra James R. y Melissa C. Carnes por hacer transferencias fraudulentas para evitar pagar reparaciones y multas.

Press release

Published JUN 03, 2024

CFPB Creates Registry to Detect Corporate Repeat Offenders

The CFPB finalized a rule to establish a registry to detect and deter corporate offenders that have broken consumer financial protection laws.

Press release

Published JUN 03, 2024

CFPB Crea Registro para Detectar Infractores Corporativos Reincidentes | CFPB

La CFPB finaliza una normativa para establecer un registro para detectar y detener a infractores corporativos que ya hayan violado leyes de protección financiera del consumidor.

Speech

Published JUN 03, 2024

Prepared Remarks of CFPB Director Rohit Chopra on the Final Rule to Detect and Deter Repeat Offenders

CFPB Director Rohit Chopra delivered remarks on the CFPB’s nonbank registration rule.

By Rohit Chopra

Press release

Published MAY 31, 2024

CFPB Sues Student Loan Servicer PHEAA for Pursuing Borrowers for Loans Discharged in Bankruptcy

The CFPB sued student loan servicer Pennsylvania Higher Education Assistance Agency for illegally collecting on student loans that have been discharged in bankruptcy and sending false information about consumers to credit reporting companies.

Press release

Published MAY 31, 2024

CFPB demanda a PHEAA por perseguir a prestatarios | CFPB

CFPB demanda a Pennsylvania Higher Education Assistance Agency por cobrar préstamos que habían sido descargados por bancarrotas y por enviar información falsa.

Press release

Published MAY 20, 2024

CFPB Takes Action Against Western Benefits for Swindling Student Loan Borrowers

The CFPB took action against Western Benefits Group for charging illegal advance fees for student loan debt relief services and misrepresenting to consumers that advance fees would go toward paying down their loans.

Press release

Published MAY 20, 2024

CFPB actúa contra Western Benefits por engañar a prestatarios

La CFPB tomó acciones contra Western Benefits Group por cobrar tarifas por adelantado ilegales y por mentirles a los consumidores diciéndoles que esas tarifas irían hacia el pago de sus préstamos.

Press release

Published MAY 17, 2024

CFPB Sues SoLo Funds for Deceiving Borrowers and Illegally Extracting Fees

The CFPB sued SoLo Funds, which runs a peer-to-peer lending platform, for lying to borrowers and deceiving them about the total cost of loans.

Press release

Published MAY 17, 2024

CFPB demanda a SoLo Funds por engañar a consumidores

CFPB demanda a SoLo Funds, una plataforma de préstamos persona a persona, por mentirles a sus prestatarios y engañarlos acerca del verdadero costo de sus préstamos.

Speech

Published MAY 17, 2024

Prepared Remarks of CFPB Director Rohit Chopra Regarding the Supreme Court’s Decision in CFPB v. CFSA

CFPB Director Rohit Chopra provided remarks regarding the Supreme Court’s decision in CFPB v. CFSA.

By Rohit Chopra

Press release

Published MAY 14, 2024

CFPB Distributes $384 Million to 191,000 Victims of Think Finance’s Illegal Lending Practices

The CFPB distributed more than $384 million to consumers harmed by Think Finance from the victims relief fund, which has disbursed more than $1 billion.

Press release

Published MAY 14, 2024

CFPB distribuye $384 millones a 191.000 consumidores | CFPB

CFPB distribuye más de $384 millones a consumidores afectados por Think Finance desde su fondo de alivio de víctimas, el cual ha reembolzado más de $1 millardo.

Press release

Published MAY 07, 2024

CFPB actúa contra Chime por retraso con reembolsos

CFPB tomó acciones contra Chime Financial por no enviar reembolsos oportunamente a los consumidores luego de que fuesen cerradas sus cuentas.

Press release

Published MAY 07, 2024

CFPB Takes Action Against Chime Financial for Illegally Delaying Consumer Refunds

Today, the Consumer Financial Protection Bureau (CFPB) took action against Chime Financial for failing to give consumers timely refunds when their accounts were closed.

Press release

Published MAY 06, 2024

CFPB Takes Action to Require National Collegiate Student Loan Trusts and Pennsylvania Higher Education Assistance Agency to Pay More than $5 Million for Student Loan Servicing Failures

The Consumer Financial Protection Bureau (CFPB) today took action against National Collegiate Student Loan Trusts and Pennsylvania Higher Education Assistance Agency for multi-year servicing failures.

Press release

Published MAY 06, 2024

CFPB actúa contra empresas por fallas con préstamos estudiantiles | CFPB

CFPB actuó contra National Collegiate Student Loan Trusts y Pennsylvania Higher Education Assistance Agency, por fallas an administración de préstamos estudiantiles.

Press release

Published APR 17, 2024

CFPB Takes Action Against Coding Boot Camp BloomTech and CEO Austen Allred for Deceiving Students and Hiding Loan Costs

The CFPB issued an order against BloomTech and its CEO for deceiving students about the cost of loans and making false claims about graduates’ hiring rates.