Two violators of consumer finance laws owe victims more than $38 million, but one hid cash and assets to avoid paying back their victims. CFPB is holding James R. & Melissa C. Carnes accountable for those fraudulent transfers. Learn how:
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Payments will be sent on March 31, 2023, through Epiq Systems. For additional questions, contact info@cfpb-CollegeFinancialAdvisory.org or (855) 535-1825.
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In 2015, the CFPB filed a complaint in federal court against College Financial Advisory and Student Financial Resource Center for illegally charging millions of dollars for sham financial services.
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If you were one of the over 78,000 people who paid College Financial Advisory or Student Financial Resource Center for information on how to pay for college, or to apply for financial aid services, you may receive a check in the mail.
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Save the Date! Join the Appraisal Subcommittee on May 19, 2023 from 10 a.m. to 1 p.m. ET for a Public Hearing exploring the appraiser regulatory system.
Mark your calendars and make plans to attend.
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Today, the CFPB issued a policy statement that explains the legal prohibition on abusive conduct in consumer financial markets and summarizes over a decade of precedent.
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The deadline to submit comments about the CFPB’s proposed rule to establish a public registry of supervised nonbanks that use form contracts to impose terms and conditions that seek to waive or limit consumer legal protections is April 3, 2023.
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The CFPB has finalized a rule required by Congress to increase transparency in small business lending, promote economic development, and combat unlawful discrimination. Learn more.
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The deadline for submitting comments about the CFPB’s proposed registry of nonbank financial firms to detect repeat offenders is March 31, 2023. Learn more:
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Today, the CFPB announced it has determined that state disclosure laws covering lending to businesses in California, New York, Utah, and Virginia are not preempted by the federal Truth in Lending Act. Learn more.
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The comment period ends on June 13th, 2023. Submissions will help us shed light on an industry that largely operates out of public view as well as inform our future work to ensure that data brokers comply with the law.
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The CFPB has released a Request for Information to hear from the public about the business practices of data brokers and how those practices have directly affected people’s lives.
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Payments will be sent on March 23, 2023, through RUST Consulting. If you have questions related to the case, you can contact GST_info@rustcfpbconsumerprotection.org or (833) 472-1987.
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If you were one of the 2,600 people charged illegal upfront fees for student-loan debt-relief services provided by Amanda Johnson, David Mize, Jacob Slaughter, or Daniel Ruggiero, working with GST Factoring, you may receive a check in the mail. consumerfinance.gov/about-us/blog/
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Exactly one year ago, the Biden-Harris Administration released the #PAVEActionPlan, a bold set of actions to combat appraisal bias.
We want every American to have equitable opportunities to build wealth through homeownership.
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The CFPB took action today against Portfolio Recovery Associates, one of the largest debt collectors in the nation, for violating a 2015 CFPB order and engaging in other violations of law. Learn more.
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Today, the CFPB launched an improved survey of credit card issuers that can help consumers and families compare interest rates and other features when shopping for a new credit card. Learn more.
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Today, the CFPB released a bulletin warning servicers of their obligation to halt unlawful conduct with respect to private student loans that have been discharged by bankruptcy courts.
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In issuing this new Request for Information, the CFPB wants to understand the full scope and breadth of data brokers and their business practices, their impact on the daily lives of consumers, and whether they are all playing by the same rules.
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The CFPB has launched an inquiry into companies that track and collect information on people’s personal lives.
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The CFPB is convening enforcement agencies across the government – including federal agencies, state attorneys general, and state insurance commissioners – to sharpen our combined efforts to ensure consumers are protected. Learn more.
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Learn about how qualified individuals can get free, accurate, and convenient tax preparation from IRS-certified preparers.
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Today, we released a special edition of our Supervisory Highlights that reports on unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets, including in mortgage, student, and payday lending.
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The CFPB and the today signed an information sharing agreement, creating a formal partnership between the two agencies to better protect American families and to address practices that harm workers in the “gig economy” and other labor markets.
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The CFPB has published a new report analyzing the financial profiles of Buy Now, Pay Later borrowers. Learn more.
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The CFPB released a new issue spotlight examining how the financial products used to deliver public benefits, like Social Security and unemployment compensation, affect individuals’ ability to fully access the assistance provided through those programs.
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The CFPB is seeking public input on a new proposal for alternative mortgage disclosures for construction loans. Learn more.
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The CFPB and the Federal Trade Commission (FTC) want to hear about your experiences with background checks used to screen potential tenants for rental housing. Learn more.
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The CFPB permanently banned RMK Financial Corporation, which does business as Majestic Home Loans, from the mortgage lending industry by prohibiting RMK from engaging in any mortgage lending activities or receiving remuneration from mortgage lending.
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The CFPB launched an initiative to save households billions of dollars a year by reducing exploitative #JunkFees charged by banks and financial companies. If you think you may have been charged an illegal fee, submit a complaint.
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The CFPB issued orders to nine large auto lenders to provide information about their auto lending portfolios. Learn more.
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Today, the CFPB took action against TitleMax for violating the financial rights of military families and other consumers in providing auto title loans.
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Taxpayers in many places will not need to report special state payments on their 2022 federal tax returns. See the latest update: irs.gov/newsroom/irs-i
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IRS VITA tax preparers meet tough quality standards and offer free basic tax return preparation to qualified individuals. Learn more.
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Has your financial institution charged you with a surprise overdraft fee, surprise depositor fee, or other unexpected #JunkFee? If you have concerns that this fee may be illegal, submit a complaint with us online or by calling us at (855) 411-CFPB (2372).
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Seeking help from a Department of Veterans Affairs (VA)-accredited attorney, claims agent, or Veterans Service Organization representative can ensure you receive assistance throughout the claims process with VA and avoid excessive fees. Learn more.
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The CFPB has been carefully examining barriers to a fair and competitive credit card market, especially as it relates to the role of consumer credit reporting. Learn more. consumerfinance.gov/about-us/blog/
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