Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau accused the company of duping customers into signing up for products that they may not have wanted, in violation of a previous order

The continued pause of federal student loan debt and interest has led to some confusion and an uptick in scams. How to protect yourself from falling victim.

The Consumer Financial Protection Bureau’s new Debt Collection Rule allows third-party debt collectors to message people on social media platforms such as Facebook, Twitter and Instagram in an attempt to collect a debt.

Equifax will offer Spanish translated credit reports to consumers online and through the mail, the credit reporting company said.

U.S. home prices have climbed at a record pace during the pandemic, leading some to worry about a potential housing bubble forming.

The Consumer Financial Protection Bureau proposed a rule Wednesday to enhance data reporting for lenders around credit cards and other loans for small businesses.

Scams offering student loan forgiveness have increased amid confusion around pandemic programs and multiple calls to erase debt. Here’s what to watch out for.

Scams offering student loan forgiveness have increased amid confusion around pandemic programs and calls to erase the debt. Here’s what to know.

There’s been a rise in complaints about mobile payment apps and digital wallets as more Americans go cashless. Here’s what consumers need to know.

Several states recently capped interest rates at 36% on consumer loans, including payday loans. But researchers say another approach may help borrowers more.

President-elect Joe Biden has chosen Rohit Chopra to be the next director of the Consumer Financial Protection Bureau, two sources said.

The Supreme Court is stepping into a yearslong, politically charged fight over the federal consumer finance watchdog agency that was created in the wake of the 2008 financial crisis. The justices agreed Friday to review an appeals court decision that upheld the structure of the Consumer Financial Protection Bureau. The agency has long been a target of conservative Republicans. The...

Nearly 150 million people could be affected by the largest-ever settlement for a data breach.

Equifax will pay up to $700 million to settle with the Federal Trade Commission and others over a 2017 data breach that exposed Social Security numbers and other private information of nearly 150 million people. The proposed settlement with the Consumer Financial Protection Bureau, if approved by the federal district court Northern District of Georgia, will provide up to $425...

One of the nation’s largest student loan servicing companies may have driven tens of thousands of borrowers struggling with their debts into higher-cost repayment plans. That’s the finding of a Department of Education audit of practices at Navient Corp., the nation’s third-largest student loan servicing company. The conclusions of the 2017 audit, which until now have been kept from the...

Americans take out roughly $50 billion in payday loans a year, each racking up hundreds of dollars in fees and interest. But a small and growing service that allows its users to take an advance on their paycheck might be giving the payday loan industry a run for its money. San Francisco-based financial technology company Even made headlines late last...

The government’s top official overseeing the $1.5 trillion student loan market is resigning in protest, citing what he says is the White House’s open hostility toward protecting the nation’s millions of student loan borrowers....
Seth Frotman will be stepping down as student loan ombudsman at the end of the week, according to his resignation letter, which was obtained Monday by The...

President Donald Trump intends to nominate an associate director at the Office of Management and Budget to lead the government’s consumer watchdog agency, the White House announced Saturday. In a statement announcing the decision, spokeswoman Lindsay Walters said Kathy Kraninger “will bring a fresh perspective and much-needed management experience” to the Consumer Financial Protection Bureau, which the administration has been...

Zelle is supposed to make it easy and safe for you to send money to friends or relatives. But some consumers who never signed up for Zelle said strangers are using the service to steal money in a matter of seconds.

Wells Fargo will pay $1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant for widespread customer abuses. In a settlement announced Friday, Wells will pay $500 million to the Office of the Comptroller of the Currency, its main national bank regulator, as well...