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 money from borrowers’ accounts. The

Financial Scams

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 a car loan. When these

Financial Scams

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 purchases of gaming currency that

Financial Scams

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 became Chair. Before detailing our

Financial Scams

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 homeowners may have thought their

Financial Scams

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 it will not seek any

Financial Scams

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 has always been a partnership

Financial Scams

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 proficiency. To better understand how

Financial Scams

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 relatively new financial products can