The Latest Breaking News from CFPB

Medical debt could soon be barred from ruining your credit score

The Biden administration unveiled regulations that potentially would help tens of millions of people who have medical debt on their credit reports.

WEKU · Sep 21, 2023

How Lehman's collapse 15 years ago changed the U.S. mortgage industry

The global financial crisis of 2008 ushered in a new era of consumer protection, but the future of the housing market is uncertain.

WEKU · Sep 15, 2023

Democrats tout fight over ‘junk fees’ in events across the country - Roll Call

Rep. Chris Deluzio's visit to downtown Bellevue, Pa., is one of many where Democrats tout fighting fees that hit consumers and businesses.

Roll Call · Aug 30, 2023

Biden urged to tackle medical debt beyond credit cards - Roll Call

While consumer groups have lauded Biden's investigation into medical credit cards, they want him to move quickly and more broadly.

Roll Call · Jul 20, 2023

U.S., European Consumer Watchdogs Start Talks on Digitization Issues in Financial Sector

Pricing, customer service, competition and privacy to be scrutinized.

Kiplinger · Jul 19, 2023

Buried Under Medical Debt? The Government Wants to Know

Three federal agencies are seeking public input on specialty medical payment schemes.

Kiplinger · Jul 14, 2023

Mortgage Nightmare: Firm Made $2.3B in Illegal Home Payments, Affecting 500K Customers

The CFPB fined ACI millions of dollars for harming mortgage customers during a failed payments test.

Kiplinger · Jul 13, 2023

Bank of America Fined Over Junk Fees, Fake Accounts. Customers Get $100M Payout

Bank of America was ordered to pay more than $100 million to customers for 'double-dipping' junk fees and denying rewards bonuses.

Kiplinger · Jul 13, 2023

AI ChatBots Create Risks, Frustration for Bank Customers, Report Says

As AI chatbot usage rises among banks, risks to consumers rise as well, according to a CFPB report.

Kiplinger · Jul 13, 2023

Bank of America hit with $250M in fines, customer refunds for ‘double-dipping’ fees, fake accounts

It is one of the highest financial penalties in years against Bank of America, which has largely spent the last 15 years trying to clean up its reputation.

Chicago Sun-Times · Jul 11, 2023