Most recent Press announcements
- Over 100 User, Work and you will Civil rights Groups Ask CFPB to take action with the Financial Con and you can Pushed Arbitration
- Individual Supporters Need CFPB to safeguard Users Regarding “Rubbish Charge”
- Teams Need CFPB to alleviate “Buy Now Pay After” Items like Playing cards and you will Manage Users of Risky Practices
Most recent Testimony and you can Statements
- Over 90 Communities Desire CFPB to help you Question a tip Prohibiting Scientific Bills regarding Appearing toward Credit reports
- More than 100 Consumer, Work and you may Civil rights Groups Call on CFPB to achieve this towards the Financial Con and you may Forced Arbitration
- Endorse Cravings Senate Financial Panel to do so towards The fresh Monetary Affairs to safeguard Users
Requirement Pertains to Pay-day and you may Vehicles Title Finance; CFA Cravings CFPB, Congress, and you can Says to end the task
Arizona, D.C.-Now, the user Financial Cover Bureau (CFPB) took the initial step for the end your debt pitfall from the finalizing the brand new individual protections to possess reduced-identity finance in which people have to pay back all or all the loans immediately along with pay check and you may automobile label money, and lengthened-label financing with balloon payments.
Payday loans, which often bring an annual interest of over 3 hundred%, is actually unaffordable and ultimately pitfall consumers inside a period out-of debt in which consumers roll over loans as they are incapable of repay him or her.