"Consumer Financial Protection Bureau" Blog Posts

• CFPB Identifies Consumer Reporting Companies the Public Can Hold Accountable
• CFPB, DOJ and OCC Take Action Against Trustmark National Bank for Deliberate Discrimination Against Black and Hispanic Families
• 4 Perspectives for FIs to Note in the Industry's Data-Sharing Debate
• Additional Details Needed on Proposed Changes to CFPB Information Collection
• Adverse Action Notices and AI Underwriting: CFPB Weighs In
• Agencies Announce Dollar Thresholds in Regulations Z and M for Exempt Consumer Credit and Lease Transactions
• All of CFPB's Past Actions Threatened by Appeals Court Decision
• Americans Pay $120 Billion in Credit Card Interest, Fees Each Year
• Bank/BNPL Lender Divide Dominates Comments to CFPB
• Bankers Fear CFPB Will Lower Cap on Credit Card Late Fees
• Banking Groups Challenge CFPB’s RFI on Customer Service
• Big Bank CEOs Push Back Against Proposed Liability Shift for Fraud on Zelle
• Breaking News! Overdraft, NSF Fees Scrutiny Enhanced by CFPB
• Bureau Accepting Applications for CFPB Advisory Committees
• Can the Supreme Court Distinguish the CFPB's Funding from Other Agencies'?
• CFPB Advises Furnishers Have an Obligation to Investigate Consumer Disputes
• CFPB Announces Review of Credit Card Financial Institution Late Fees, Penalties
• CFPB Announces Settlement Regarding the 2019 Taskforce on Federal Consumer Financial Law
• CFPB Annual Report of 2021 Mortgage Market Activity Reveals an End to the Refinancing Boom; Increase in Home Purchase Loans
• CFPB Auto Lending Announcement Has Insufficient Info, Wrong Assumptions
• CFPB Bans BrightSpeed Solutions and Its Former CEO for Supporting Telemarketing Scammers Targeting Older Americans
• CFPB Chief Previews Next Steps in Open-Banking Rulemaking
• CFPB Compliance Guides, Videos and Resources Available
• CFPB Cracks Down on Subscription Fees
• CFPB Creates Repeat Offender Unit
• CFPB Director Chopra Addresses Community Bank, Credit Union Advisory Councils
• CFPB Director Chopra Statement on Appraisal Task Force Report
• CFPB Ends No-Action Letter with Fintech Lender Upstart Network
• CFPB Expands its Authority to Punish FIs for Discrimination
• CFPB Expands UDAAP Reach to Include Discrimination
• CFPB Extends Comment Deadline for Customer Service RFI to Aug. 22
• CFPB Extends Late Fee ANPR Deadline to August 1
• CFPB Extends Opportunity for Public to Provide Input on 'Junk Fees' to April 11 
• CFPB Fall 2021 Rulemaking Agenda
• CFPB Finalizes Annual Changes for Exemption Thresholds Under HMDA
• CFPB Finds Credit Card Late Fees Fell Slightly in 2020
• CFPB Finds Credit Report Disputes More Common in Majority Black, Hispanic Aeas
• CFPB Fines Mobile Savings App Digit $2.7 Million for Overdraft Charges
• CFPB Gets Earful on Limiting Credit Card Late Fees
• CFPB Guidance, Enforcement Hang in the Balance of US Supreme Court Appeal
• CFPB Has Missed Opportunities to Leverage Credit Union Mission
• CFPB in the Supreme Court: Oral Arguments
• CFPB Invokes Dormant Authority to Examine Nonbank Companies Posing Risks to Consumers
• CFPB Issued Annual Adjustment to Maximum Fee Credit Bureaus May Charge Consumers for File Disclosure
• CFPB Issues Advisory Opinion on Consumer Information Requests to Large Banks, Credit Unions
• CFPB Issues Advisory Opinion on Debt Collection Fees
• CFPB Issues Advisory Opinion on ECOA and Reg B
• CFPB Issues Advisory Opinion on Fair-Lending Laws
• CFPB Issues Bulletin to Prevent Unlawful Medical Debt Collection and Credit Reporting
• CFPB Issues Final Rule to Facilitate Transition from LIBOR
• CFPB Issues Guidance Around 2 ‘Junk Fees,’ Including ‘Surprise’ Overdraft Fees & Depositor Fees
• CFPB Launches Effort to Spur New Opportunities for Homeowners in the Mortgage Market
• CFPB Launches Initiative Aimed at Curbing ‘Junk Fees’ Charged by FIs; CUNA, NAFCU Join Groups in Calling it ‘Misguided Effort’
• CFPB Launches Initiative on Excessive Junk Fees
• CFPB Lays Out Possible Counter to Fifth Circuit Funding Decision
• CFPB Likely to Punt Data-Sharing Rule into 2023
• CFPB Makes Preemption Determination of Virginia Law
• CFPB Making Changes to Credit Card Data Submission Process
• CFPB Mischaracterizes Many Financial Services Fees in RFI
• CFPB Moves to Thwart Illegal Auto Repossessions
• CFPB Names New Chiefs for Supervision and Enforcement Positions
• CFPB on Evolution of Banks’ Overdraft/NSF Fee Revenues and Policies
• CFPB Opens Inquiry Into ‘Buy Now, Pay Later’ Credit
• CFPB Plans Rule Next Year to Toughen Caps on Credit Card Late Fees
• CFPB Plans Rules to Faciliate Personal Financial Data Rights, Open Banking, Open Finance
• CFPB Plans to Subject Buy Now, Pay Later Lenders to Same Regulatory Scrutiny as Credit Card Companies
• CFPB Presses Big Card Issuers on Their Credit Reporting Practices
• CFPB Proposes Rule to Rein in Nonbank Arbitration Contracts
• CFPB Provides Spanish Translations for Certain Prepaid Rule, Regulation B Model, Sample Forms
• CFPB Providing Guidance to Other Agencies on Enforcing Federal Consumer Financial Law
• CFPB Readies Guidance on Money-Transfer Scams
• CFPB Releases Advisory Opinion Reaffirming Position on 'Pay to Pay' Fees
• CFPB Releases Annual Report to Congress on Fair Debt Collection Practices Act
• CFPB Releases Blog Post Favoring Use of Self-Reported Cash Flow Data in Credit Underwriting
• CFPB Releases Debt Collection Rule FAQs
• CFPB Releases HMDA Quarterly Graphs Tool
• CFPB Releases Report Documenting Rural Banking Issues
• CFPB Releases Report on Diversity and Inclusion within Financial Services
• CFPB Releases Section 1071 Small Business Lending Final Rule; League Remains Concerned About Scope of Rule, Regulatory Burden
• CFPB Reminds Credit Unions of States’ Enforcement Powers
• CFPB Report Finds High Fees Charged on Student Banking Products Endorsed by Colleges
• CFPB Report Shows Criminal Justice Financial Ecosystem Exploits Families at Every Stage
• CFPB Report Shows Late Fees are Not a Top Complaint — for a Reason
• CFPB Report: Many in Appalachia Region Have Higher Rates of Subprime Credit, Higher Rates of Medical Debt
• CFPB Research: Overdraft Fees and Economically Insecure Older Adults
• CFPB Says Big Tech Digital Marketers Liable for Unfair, Deceptive Practices
• CFPB Says Consumers Getting Runaround from NCRAs
• CFPB Says Servicers Should Offer Loss Mitigation Beyond COVID Hardships
• CFPB Seeking Comments on 'Junk Fees' by March 31
• CFPB Seeks Comments on Buy Now Pay Later Products, Business Practices
• CFPB Seeks Further Public Input on Big Tech Payment Platforms
• CFPB Seeks Information on HMDA Regulations
• CFPB Seeks Input on Detecting Discrimination in Mortgage Lending
• CFPB Seeks to Limit Banks' Ability to Collect on Delinquent HELOCs
• CFPB Seeks to Modernize How It Collects Credit Card Data
• CFPB Shares Guidance to Safely Send Money to Loved Ones in Conflict Areas
• CFPB Shares Recent Trends in SARs Involving Elder Financial Exploitation
• CFPB Should Bolster Oversight of Nonbank Financial Services
• CFPB Should Study, Appropriately Regulate 'Buy Now, Pay Later' Products
• CFPB Signals Imminent Crackdown on 'Junk Data' in Credit Reports
• CFPB Sues Pawn Lenders for Cheating Military Families
• CFPB Takes Action Against Bank of America
• CFPB Takes Action to Address Junk Data in Credit Reports
• CFPB Takes Action to Halt Prepaid Card Providers Siphoning Government Benefits
• CFPB Takes Aim at Overdraft Fees
• CFPB Taking Hard Look at Credit Card Interest Rates
• CFPB Targeting Credit Card Late Fees in League-Opposed Proposed Rule
• CFPB Targets Amazon, Facebook, Others In Payments Probe
• CFPB to Accept Public Petitions for Rulemaking
• CFPB Turns Its Attention to Data Security – Seven Industry Practices You Need to Know Now
• CFPB Unlikely to Take Immediate Action on Buy-Now, Pay-Later Sector
• CFPB Uses Homeowner Assistance Fund Program to Help Borrowers Avoid Foreclosure
• CFPB Warns Against Trying To Manipulate Customer Reviews
• CFPB Warns of Possible Direct Dispute Violations
• CFPB Will Look Into New Credit Bureau Rules, Chopra Says
• CFPB ‘Junk Fee’ Guidance Ignores Credit Unions’ Focus on Members
• CFPB's Chopra Calls Level of P2P Fraud 'Frightening'
• CFPB's Chopra Vows Guidance on Buy-Now, Pay-Later Loans, Eyes Lender Examination
• CFPB's Credit Card Late Fee Project Could Hit Small Institutions Hard
• CFPB's Latest Existential Threat: Legal Challenges to Its Funding
• CFPB, FTC and North Carolina Department of Justice File Amicus Brief in Henderson v The Source for Public Data
• CFPB: Help Available to Homeowners Struggling to Make Housing-Related Payments Due to the Pandemic
• CFPB’s Chopra Discusses Rulemaking Efforts with HFSC; NAFCU Pens Letter Ahead of SBC’s Hearing
• CFPB’s Fair Lending Annual Report to Congress Focuses on Racial and Economic Equity Issues and COVID-19 Recovery
• CFPB’s Garnishment Order Makes a Muddle of Law, Procedure
• CFPB’s Housing Portal Offers Help for Servicemembers, Veteran Homeowners, and Renters
• CFPB’s Report on Credit Card Late Fees
• Check Your Credit Union’s Compliance with New CFPB Rules
• Chopra's Expansive Vision for CFPB Authority is Facing Industry Pushback
• Class Action Lawsuits Involving Zelle-Related Scams
• Comments Due to CFPB ANPR on Credit Card Late Fees
• Comments on Credit Card Late Fee Proposal Due May 3
• Comments Submitted to CFPB in Response to RFI on Fees
• Consumer Agency Using 'Every Tool' to Step Up Scrutiny of Financial Institutions
• Consumer Financial Protection Bureau to Examine Colleges’ In-House Lending Practices
• Could Credit Card Late Fees Drop to $10?
• Court Rules CFPB Funding Unconstitutional, CU Trades Applaud Ruling
• Credit Reporting Companies, Furnishers Have Obligations to Assure Accuracy in Consumer Reports
• Credit Unions ‘Fit Local Economic Terrain,’ CFPB Recognizes
• CUNA Backs Section 1071 Reform Legislation
• CUNA Files FOIA Request with CFPB Over Section 1071 Implementation
• CUNA Mutual Group Risk Alert: CFPB Ramps Up Attack on Junk Fees
• CUNA Voices Concerns Over CFPB ‘Abusive Practices’ Rulemaking
• CUNA-Led Litigation Results in Nationwide Stay of CFPB’s 1071 Rule
• CUs Concerned with CFPB Position on Fees, Data Collection
• CUs Urge Parity by Filing Motion to Intervene in District Court 1071 Ruling
• CUs, League Make Case for ‘Credit Union Difference’ in Meeting with CFPB's Chopra; Note Impact of ‘One-Size-Fits-All’ Regulation, Ever-Evolving Regulatory Challenges
• Deja Vu All Over Again: CFPB Fines Big Bank for Opening Fake Accounts
• Democratic State AGs Call on Four Big Banks to Eliminate Overdraft Fees
• Dems Urge CFPB To Bolster Payment App Fraud Protections
• DOJ Backs Democrats in FDIC Board Struggle
• Ex-Obama Civil Rights Official Named Chief Enforcement Official for CFPB
• Expanded Anti-Discrimination Guidelines Create Compliance Challenge for US FIs
• Federal Agencies Instructed to Minimize Effect of Medical Debt in Loan Considerations
• Federal Court Halts CFPB Small Business Lending Rule for Some
• FFIEC Updates Filing Instructions, Supplemental Guides for Quarterly HMDA Filers
• FHFA, CFPB Urge Financial Firms to Offer Disclosures in Spanish
• Firms Vie To Lead Consolidated Equifax Glitch Fight in Georgia
• FTC Also Exploring a Crackdown on Junk Fees
• Further Research Needed Before CFPB Overdraft Actions
• GOP Seeks to Subject CFPB to Appropriations Process Following Ruling
• HMDA Reminder – Use the 2020 Census Data Beginning January 1, 2022
• House Financial Services Committee, Subcommittees Holding Hearings Next Week
• House Republicans to CFPB’s Chopra: Watch Out
• In Address at Tidewater Chapter, League President Urges Advocates' Action on IRS Reporting Proposal
• In Parting Swipe at the CFPB, Toomey Proposes Appropriations Process for Agency's Funding
• Lawsuit Says Equifax Error Made Loan Pricier
• League Comments on CFPB's Small Biz Data Collection Proposal
• League Congratulates Apple FCU's Andy Grimm on Appointment to CFPB's Credit Union Advisory Council
• League Files Comment Letter on Credit Card Late Fees; Notes 'Negative Consequences' of CFPB Proposal
• League Highlights Busy Week of Advocacy Work
• League Hosts Meeting With CFPB
• League Monitoring Long-Awaited Supreme Court Case That May Decide CFPB's Future
• League Notes CFPB's Focus, Recent Action on 'Fees' Will Harm CUs, Members
• League Praises House Committee Passage of CFPB Reforms
• League Submits HMDA Comment Letter Opposing Any Changes That Represent Added Compliance Burden for CUs
• League Writes Congress in Support of Restructuring CFPB From Single-Director to 5-Member Commission
• League's Comment Letter to CFPB on Fees: CUs' Fees Represent Cost of Doing Business, Some Fees Already Regulated
• League's Compliance Roundtable Covers CFPB's Focus on Consumer Fees, Consumer Report Disputes
• Leagues, CUNA and NAFCU File Brief with U.S. Supreme Court on CFPB’s Leadership, Funding Structures
• Leagues, CUNA Write Banking Committees in Advance of Hearings with CFPB's Chopra
• Litigation Leaves CFPB’s Payday Rule in Limbo
• Live from the GAC: Updates from Our Regulators
• Money 20/20 Coverage: Just Hours After CFPB Announcement, Panel Talks Open Banking, What Could Lie Ahead
• More Rules on Fees in the Works
• NAFCU Compliance Blog - A CFPB Roundup
• NAFCU Compliance Blog: Algorithmic Action - UDAAPs and a Fine for Hello Digit
• NAFCU Compliance Blog: CFPB Issues Interpretative Rule on Digital Marketing Providers
• NAFCU Compliance Blog: CFPB Releases Report Highlighting Military Complaints
• NAFCU Compliance Blog: CFPB Reports Market Research of BNPL Fintech
• NAFCU Compliance Blog: Data Security - It’s Also a UDAAP Issue
• NAFCU Compliance Blog: De Minimis Exception to Submitting Credit Card Agreements to the CFPB
• NAFCU Compliance Blog: Spooky CFPB Enforcement Actions on Remittance Transfers and Overdraft Fees
• NAFCU Compliance Blog: Spring 2022 Supervisory Highlights Part II: Mortgage Origination, Prepaid Accounts, Remittances, and Student Loan Servicing
• NAFCU Compliance Blog: The Fifth Circuit and the CFPB
• NCUA, CFPB Rescind COVID Flexibilities in Mortgage Servicing Disclosures
• New CFPB Leadership Can Recalibrate Approach to Credit Unions
• New Director Rohit Chopra Says CFPB Looking Out for Families, Workers and Communities
• New UDAAP Exam Parameters: Beyond Fair Lending
• New VA Rule Relieves Financial Distress for Thousands of Veterans with Medical Bills
• Once Confirmed, League Ready to Work With New CFPB Director
• Overdraft / NSF Fee Lawsuits Target Reg E’s Model Opt-in Form
• Overdraft Fees: Holding the Moral High Ground
• Pages From the Diary of Mrs. C. Hunt - Sept. 22, 2021
• PayPal Suit Poses Broad Threat to CFPB Authority
• President Biden Cites Bank 'Junk Fees' as Weighing Down Families
• REGular Blog: Bank Customers Are Having Accounts Closed ... Is BSA to Blame?
• REGular Blog: More Developments in CFPB Court Cases
• Regulatory Agencies Release Rulemaking Agendas
• Regulatory Alert (22-RA-03) 2022 Truth in Lending Act (Regulation Z) Adjustment to Asset-Size Exemption Threshold
• Regulatory Compliance Weekly Roundup: Aug. 25, 2023
• Regulatory Compliance Weekly Roundup: July 7, 2023
• Regulatory Compliance Weekly Roundup: Sept. 1, 2023
• Reminder: Comments Due Jan. 6 on CFPB Small Business Lending Data Collection Proposal
• Repeat Offenders Beware…the CFPB is Looking at You
• Report: CFPB Unlikely to Undertake Consumer Arbitration Rulemaking in Near Future
• Republicans Preview Harsh Oversight of CFPB's Chopra in Next Congress
• Request for Information Regarding Mortgage Refinances, Forbearances
• Request for Information Regarding Relationship Banking and Customer Service
• Risk Alert: CFPB Focus on Credit Card Late Fees as Harmful to Low-Income Consumers
• Rumored Regulation E, EFTA Expansion from CFPB is ‘Unwise, Unlawful’
• SCOTUS Will Hear Challenge to CFPB Funding Mechanism
• Senate Banking Committee Outlines Priorities for 2023
• Senate Votes for Resolution to Repeal CFPB’s Small-Business Data Collection Rule; League Noted Issues with Scope, Potential Burden of Rule
• Small Business Data Collection: Share Your Concerns With CFPB
• Spring 2022 Supervisory Highlights Part I: Auto Servicing, Consumer Reporting, Credit Card Account Management, Debt Collection, and Deposits
• Statement of CFPB Director Chopra on Stablecoin Report
• Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on Proposals to Prevent Bailout Risk and Guard Against Increased Concentration in Banking
• Status Update: CFPB Requests Information on the Credit Card Market
• Strong Data Security Standard with ‘Clear, Robust Mechanisms’ Needed
• Support Spanish-Speaking Members with Spanish-Language Disclosures
• Supreme Court Ruling Means CFPB Must Start Over on Payday Loan Rules, Attorney Argues
• Time Running Out for Student Loan Servicers to Help Servicemembers with Student Loans Get Debt Relief
• Trade Associations Say CFPB's Overdraft Research Reports Lacked Important Facts
• Trade Groups Seek More Time to Comment on CFPB's Proposed Credit Card Fee Cuts
• TransUnion Fights CFPB in 'Groundhog Day' Lawsuit
• Two Different Camps of State AGs Want SCOTUS Review of CFPB Constitutionality, But for Different Reasons
• Virginia CU's Deb Wreden Continues Service on CFPB's Credit Union Advisory Council
• Want to Serve on CFPB's Credit Union Advisory Council? Application Deadline Fast Approaching
• Week’s Advocacy Issues Dominated By Interchange, Injunction Blocking CFPB’s Reporting Rule on Small Biz Lending
• What Buy Now/Pay Later Fintechs Can Expect Next from the CFPB
• Why Regulators Can't Go as Far as They'd Like to Stop Zelle Scams
• Will Regulators’ Warnings Chill Lenders’ Use of AI?
• ‘Buy Now, Pay Later’ Products Need Further Examination
• ‘Significant Risks’ Remain for Many Homeowners in Making Mortgage Payments, CFPB Report Finds