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Consumer Financial Protection Bureau
Were You Affected by The Equifax Hack? Here’s How to File a Claim for Compensation
August 8, 2019
It has been nearly two years since Equifax announced that a historically massive data breach left the personal information over 147 million people (almost half of all Americans) vulnerable to theft. The consumer credit reporting giant agreed last month to a $700 million settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 states and territories, $425 million of which has been set aside to compensate victims of the breach. ... read more »
CFPB Makes Move to Support Payday Lenders During Black History Month
February 15, 2019
When given the chance at the ballot box, Americans overwhelmingly vote to impose a 36 percent or less rate cap. Today, 16 states and the District of Columbia have these rate caps in place, providing strong protection from payday loan sharks. In remaining states – those without a rate cap – interest rates run as high as 460 percent in California, over 400 percent in Illinois and 662 percent in Texas. ... read more »
CFPB Neglects Duty to Enforce Military Lending Act  
November 15, 2018
Vet Organizations, State AGs, and Consumers Sound the Alarm  ... read more »
Black Wealth Still Plummeting, CRL Tells Lawmakers
August 31, 2018
For years, and particularly in recent months, major news outlets have heralded the nation’s robust economic recovery. From rising corporate profits, to lower unemployment, or rising stock prices on Wall Street, many consumers might conclude that financial stability not only returned after the Great Recession but continues to climb. ... read more »
DeVos coddles companies while abandoning student loan borrowers
March 2, 2018
DeVos coddles companies while abandoning student loan borrowers ... read more »
Consumer Protection Payday Rule at Risk, Just Like Student Loan Protections
January 19, 2018
An important consumer protection rule that was to take effect January 16 is now being “reconsidered” by the same agency that was to enforce it – ... read more »
Rep. Maxine Waters Seeks to Protect Consumers with “Megabank” Bill
October 12, 2017
In an effort to rein in financial institutions that have track records for harming consumers, Rep. Maxine Waters (D-Calif.) recently unveiled The Megabank Accountability and Consequences Act (H.R. 3937). ... read more »
Nation’s largest student loan servicer charged borrowers too much, says CFPB
March 2, 2017
A CFPB investigation of Navient, the nation’s largest student loan servicer of both private and federal student loans, found that borrowers were not accessing a federal student loan repayment option ... read more »
Bill seeks financial justice for defrauded Wells Fargo victims
December 8, 2016
Defrauded consumers do not deserved to be financially victimized a second time ... read more »
What will you lose if consumer financial protection goes away?
November 28, 2016
In the coming months we must remain watchful for legislation and executive actions that would reverse the financial justice accomplished over the past five years ... read more »
Congressional Black Caucus Members join House colleagues in call for strong payday rule
October 13, 2016
This strong Congressional appeal continues the calls for fair lending that has included clergy, consumer advocates, civil rights organizations and others ... read more »
Consumers want action on illegal debt collection and CFPB agrees
August 3, 2016
A recent national consumer poll that was jointly commissioned by CRL and Americans for Financial Reform found broad and bipartisan concerns regarding debt collectors that sue without evidence ... read more »
More, not less, financial regulation needed say voters
July 21, 2016
Financial accountability and tough regulations are still needed, say 3 out of 4 likely voters. These two top line findings from a recent poll measured consumer satisfaction with Wall Street banks as well as a range of other financial services and providers including credit cards, debt collectors, payday loans and mortgages. The poll, jointly commissioned by the Center for Responsible Lending (CRL) and Americans for Financial Reform (AFR), reveals that these preferences are shared across partisan affiliations. ... read more »
Vets and military families more at risk for debt collection and mortgage issues
April 7, 2016
Debt collection continues to dominate CFPB complaints ... read more »
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