Financial Scams

New protections for payday and installment loans take effect March 30

Starting March 30, 2025, payday and installment lenders must begin complying with important new requirements when they try to collect…

1 year ago

Holding Credit Reporting Companies Accountable for Junk Data

Credit reports serve as economic gatekeepers for millions of Americans seeking to buy a home, start a business, or get…

1 year ago

LFG (Looking for gamers): CFPB wants to hear about your video game loot

Every year, Americans spend billions of dollars on video games and virtual worlds. A large portion of those expenses are…

1 year ago

Strengthening Appraisal Oversight: Progress at the Appraisal Subcommittee

I am very pleased to provide this informal report on the progress made by the Appraisal Subcommittee (ASC) since I…

1 year ago

Back from the Dead: Zombie Second Mortgages

Forgotten second mortgages may be coming back to haunt homeowners who haven’t received notices or account statements for years. Some…

1 year ago

Holding Government Contractors Accountable for Wrongdoing

Today, the CFPB is announcing that Argus Information and Advisory Services, a subsidiary of TransUnion, has agreed in writing that…

1 year ago

Strengthening State-Level Consumer Protections | Consumer Financial Protection Bureau

Consumer protection law has long been a core part of keeping markets fair and competitive. And the consumer protection framework…

1 year ago

What We’re Watching: Language Access in Consumer Finance

Approximately 26 million people in the U.S. speak English less than “very well” and are considered to have limited English…

1 year ago

Mortgage Lenders Must Comply with the Law, Not Invent Loopholes

Today, the CFPB released a report, consumer advisory, and amicus brief on home equity contracts—often called home equity “investments.” These…

1 year ago