Newsroom - Consumer Financial Protection Bureau
6 days ago · The Consumer Financial Protection Bureau (CFPB) sued the operator of Zelle and three of the nation’s largest banks for failing to protect consumers from widespread fraud on America’s most widely available peer-to-peer payment network.
Prepared Press Call Remarks of CFPB Director Rohit Chopra on the …
6 days ago · The CFPB’s lawsuit seeks to hold these banks accountable and ensure that American families can trust their money is protected when they send payments. The Consumer Financial Protection Bureau is a 21st century agency that implements and enforces Federal consumer financial law and ensures that markets for consumer financial products are fair ...
Walmart illegally opened bank accounts for over 1 million drivers, CFPB …
2 days ago · The Consumer Financial Protection Bureau sued Walmart and fintech company Branch Messenger for allegedly forcing more than a million delivery workers to use expensive deposit accounts to access ...
CFPB sues America's largest banks for 'allowing fraud to ... - NBC News
5 days ago · The Consumer Financial Protection Bureau is suing America's three largest banks, accusing the institutions of failing to protect customers from fraud on Zelle, the payment platform they co-own.
CFPB Closes Overdraft Loophole to Save Americans Billions in Fees
Dec 12, 2024 · "The CFPB is cracking down on these excessive junk fees and requiring big banks to come clean about the interest rate they're charging on overdraft loans." Today’s action closes the large bank regulatory loophole that exempted overdraft fees as a finance charge.
More than 4 million people to share $1.8 billion in refunds ... - CBS News
Dec 5, 2024 · More than 4 million Americans gouged by credit repair companies including Lexington Law and CreditRepair.com will soon collectively receive $1.8 billion in refund checks, the Consumer Financial...
‘Delete CFPB’: Musk calls for elimination of consumer bureau
Nov 27, 2024 · Republicans and the financial industry have long targeted the CFPB for what they consider its overly aggressive regulation.
Supreme Court upholds CFPB funding, saving agency
May 16, 2024 · The Consumer Financial Protection Bureau’s funding stream, which bypasses the congressional appropriations process, is constitutional, the Supreme Court ruled Thursday, saving the...
CFPB announces rule limiting bank overdraft fees - NBC News
Dec 12, 2024 · The Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting banks’ ability to charge overdraft fees. It says the rule will save American consumers $5 ...
CFPB Sues Walmart, Fintech for Illegally Opening Accounts (3)
2 days ago · “Walmart made false promises, illegally opened accounts, and took advantage of more than a million delivery drivers,” CFPB Director Rohit Chopra said in a statement after the agency sued the two companies in Minnesota federal court.. A Branch Messenger spokesperson said the company strongly disagrees with the lawsuit and the company “stands behind its …