On November 12, 2024, the CFPB published a report ‘State Consumer Privacy Laws and the Monetization of Consumer Financial Data” which summarizes the state laws that give consumers more control over their data, how these rights complement the protections under federal law, and the gaps in protection that result from state law exemptions for financial institutions subject to the Gramm-Leach-Bliley Act (GLBA) or the Fair Credit Reporting Act (FCRA). 

On November 7, 2024, the CFPB took action against Navy Federal Credit Union for charging illegal overdraft fees. In a statement, CFPB Director Rohit Chopra said that Navy Federal illegally harvested tens of millions of dollars in junk fees, including from active duty servicemembers and veterans.

On November 5, 2024, the FTC took action against online cash advance app Dave for allegedly using misleading marketing to deceive consumers about the amount of its cash advances, charging consumers undisclosed fees, and charging so-called “tips” to consumers without their consent. Samuel Levine, Director of the FTC’s Bureau of Consumer Protection, said that Dave lured in consumers living paycheck-to-paycheck with false claims of big-dollar advances, then reached into their pockets to give itself a so-called ‘tip’.

On November 4, 2024, the Federal Emergency Management Agency (FEMA) issued a final rule revising the National Flood Insurance Program’s  (NFIP) regulations to offer NFIP policyholders the option of paying their annual flood insurance premium in monthly installments. The NFIP is a voluntary program in which interested persons can purchase flood insurance for their property if it is located in a community that participates in the NFIP by adopting and enforcing a set of minimum floodplain management requirements to reduce future flood damages.

On October 31, 2024, the CFPB took action against VyStar Credit Union for harming consumers through its botched rollout of a new online banking system. In May 2022, VyStar launched a new online banking platform that was dysfunctional, making it difficult for members to perform basic banking tasks for weeks, with some features unavailable for over six months.

On October 29, 2024, the US Treasury released the National Strategy for Financial Inclusion in the United States. The Strategy identifies objectives and recommendations for policymakers, industry, employers, and community organizations to advance consumer access to safe financial products and services and strengthen financial security.