Add the CFPB to the list of agencies warning consumers about the perils of cryptocurrencies.
CFPB warns schools about a lack of transparency in their agreements with banks to market products to students.
The Consumer Financial Protection Bureau again has raised concerns about overdraft protections at banks, today releasing a report that says small debit card purchases lead to expensive overdraft fees. “Today’s report shows that consumers who opt in to overdraft coverage put themselves at serious risk when they use their debit card,” CFPB Director Richard Cordray
The CFPB wants to hear consumers’ complaints about prepaid cards and other nonbank products
In a move that could create further tension with banks but generate popularity with consumers wanting to vent, the Consumer Financial Protection Bureau is proposing publishing more information on consumer complaints against banks. In particular, the CFPB wants to give customers the ability to publicly publish narratives of their experiences with a financial company. It
A new report shows banking customers are still feeling the sting of high overdraft fees and confusing account terms.
Some nonbanks have “systemic flaws” in how they treat consumers, the CFPB says.
An unpaid medical bill from a hospital stay could be disproportionately affecting your credit score.
A small provision in many private student loan contracts could result in big consequences.
Some consumers end up paying more in fees than the amount of money initially borrowed.