Newsroom | Consumer Financial Protection Bureau

Director's statement

Published JUN 13, 2024

Opening Statement of Director Rohit Chopra before the House Financial Services Committee

Since the creation of the CFPB, the agency has returned $20.7 billion to consumers through law enforcement activity and created unquantifiable returns for the over 205 million Americans harmed by the illegal practices that we have stopped.

By Rohit Chopra

Director's statement

Published JUN 12, 2024

Opening Statement of Director Rohit Chopra before the Senate Committee on Banking, Housing, and Urban Affairs

Since the creation of the CFPB, the agency has returned $20.7 billion to consumers through law enforcement activity and created unquantifiable returns for the over 205 million Americans harmed by the illegal practices that we have stopped.

By Rohit Chopra

Press release

Published JUN 11, 2024

CFPB Proposes to Ban Medical Bills from Credit Reports

Today, the CFPB proposed a rule that would remove medical bills from most credit reports, increase privacy protections, help to increase credit scores and loan approvals, and prevent debt collectors from using the credit reporting system to coerce people to pay.

Speech

Published JUN 11, 2024

Prepared Remarks of CFPB Director Rohit Chopra on the Proposed Ban of Medical Bills on Credit Reports

Research from the Consumer Financial Protection Bureau in 2022 showed that medical collections tradelines appeared on 43 million credit reports, and that 58 percent of bills that were in collections and on people’s credit records were medical bills.

By Rohit Chopra

Press release

Published JUN 05, 2024

CFPB Launches Process to Recognize Open Banking Standards

Today, the CFPB finalized a rule outlining the qualifications to become a recognized industry standard setting body, which can issue standards that companies can use to help them comply with the CFPB’s upcoming Personal Financial Data Rights Rule.

Press release

Published JUN 04, 2024

CFPB Warns Against Deception in Contract Fine Print

The CFPB today issued a circular warning against the use of unlawful or unenforceable terms and conditions in contracts for consumer financial products or services.

Press release

Published JUN 03, 2024

CFPB Creates Registry to Detect Corporate Repeat Offenders

The CFPB finalized a rule to establish a registry to detect and deter corporate offenders that have broken consumer financial protection laws.

Press release

Published JUN 03, 2024

CFPB Crea Registro para Detectar Infractores Corporativos Reincidentes | CFPB

La CFPB finaliza una normativa para establecer un registro para detectar y detener a infractores corporativos que ya hayan violado leyes de protección financiera del consumidor.

Speech

Published JUN 03, 2024

Prepared Remarks of CFPB Director Rohit Chopra on the Final Rule to Detect and Deter Repeat Offenders

CFPB Director Rohit Chopra delivered remarks on the CFPB’s nonbank registration rule.

By Rohit Chopra

Press release

Published MAY 31, 2024

CFPB Sues Student Loan Servicer PHEAA for Pursuing Borrowers for Loans Discharged in Bankruptcy

The CFPB sued student loan servicer Pennsylvania Higher Education Assistance Agency for illegally collecting on student loans that have been discharged in bankruptcy and sending false information about consumers to credit reporting companies.

Press release

Published MAY 30, 2024

CFPB Launches Inquiry into Junk Fees in Mortgage Closing Costs

The Consumer Financial Protection Bureau (CFPB) today launched a public inquiry into junk fees that are increasing mortgage closing costs.

Speech

Published MAY 30, 2024

Prepared Remarks of CFPB Director Rohit Chopra at a White House Event Convening on Mortgage Closing Costs

CFPB Director Rohit Chopra delivered prepared remarks on the agency’s public inquiry into junk fees in mortgage closing costs.

By Rohit Chopra

Speech

Published MAY 22, 2024

Prepared Remarks of CFPB Director Rohit Chopra on the Buy Now, Pay Later Press Call

CFPB Director Rohit Chopra delivered prepared remarks on an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers.

By Rohit Chopra

Press release

Published MAY 22, 2024

CFPB actúa en préstamos Compre Hoy y Pague Luego

La CFPB emitió una interpretación de normativa que confirma que los prestamistas Compre Hoy y Pague Luego son emisores de tarjetas de crédito.

Press release

Published MAY 22, 2024

CFPB Takes Action to Ensure Consumers Can Dispute Charges and Obtain Refunds on Buy Now, Pay Later Loans

The Consumer Financial Protection Bureau (CFPB) today issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers.

Press release

Published MAY 20, 2024

CFPB Takes Action Against Western Benefits for Swindling Student Loan Borrowers

The CFPB took action against Western Benefits Group for charging illegal advance fees for student loan debt relief services and misrepresenting to consumers that advance fees would go toward paying down their loans.

Speech

Published MAY 20, 2024

Prepared Remarks of CFPB Director Rohit Chopra at the Mortgage Bankers Association

CFPB Director Rohit Chopra delivered prepared remarks at the Mortgage Bankers Association annual expo.

By Rohit Chopra

Press release

Published MAY 20, 2024

CFPB actúa contra Western Benefits por engañar a prestatarios

La CFPB tomó acciones contra Western Benefits Group por cobrar tarifas por adelantado ilegales y por mentirles a los consumidores diciéndoles que esas tarifas irían hacia el pago de sus préstamos.

Press release

Published MAY 17, 2024

CFPB demanda a SoLo Funds por engañar a consumidores

CFPB demanda a SoLo Funds, una plataforma de préstamos persona a persona, por mentirles a sus prestatarios y engañarlos acerca del verdadero costo de sus préstamos.

Press release

Published MAY 17, 2024

CFPB Sues SoLo Funds for Deceiving Borrowers and Illegally Extracting Fees

The CFPB sued SoLo Funds, which runs a peer-to-peer lending platform, for lying to borrowers and deceiving them about the total cost of loans.

Speech

Published MAY 17, 2024

Prepared Remarks of CFPB Director Rohit Chopra Regarding the Supreme Court’s Decision in CFPB v. CFSA

CFPB Director Rohit Chopra provided remarks regarding the Supreme Court’s decision in CFPB v. CFSA.

By Rohit Chopra

Press release

Published MAY 16, 2024

Statement on Supreme Court Decision in CFPB v. CFSA

The Consumer Financial Protection Bureau issued a statement today regarding the Supreme Court’s decision in CFPB v. Community Financial Services Association of America.

Press release

Published MAY 14, 2024

CFPB Distributes $384 Million to 191,000 Victims of Think Finance’s Illegal Lending Practices

The CFPB distributed more than $384 million to consumers harmed by Think Finance from the victims relief fund, which has disbursed more than $1 billion.

Press release

Published MAY 13, 2024

Agencies announce inflation-adjusted dollar thresholds for Regulation CC funds availability

The Federal Reserve Board and the Consumer Financial Protection Bureau announce inflation-adjusted dollar thresholds for Regulation CC funds availability

Director's statement

Published MAY 10, 2024

Statement by CFPB Director Rohit Chopra on the Financial Stability Oversight Council’s Nonbank Mortgage Company Report

By Rohit Chopra