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Published

The first year at the CFPB Ombudsman’s Office

Today, I want to share with you our first CFPB Ombudsman’s annual report describing the work we’ve done in the last year. Each year we plan on delivering this report to the CFPB Director and then sharing it with you. Last December, we opened the Ombudsman’s Office to assist in resolving individual and systemic process […]

Published Category: At the CFPB

The CFPB’s summer internships: “a unique and exciting combination of purpose and circumstances”

We’re recruiting summer interns for our Pathways Program again. If you’re interested in the mission of the CFPB, read the full posting to learn more and apply. The deadline is midnight on Wednesday, December 5. We’ve asked the Student Ambassadors, former CFPB interns, to share what inspired them to intern with the CFPB and why […]

Published Category: At the CFPB

The CFPB’s summer internships: “one of the best opportunities in government”

It’s time to recruit summer interns for our Pathways Program again. If you’re interested in the mission of the CFPB, read the full posting to learn more and apply. The original deadline was midnight on Monday, December 3. We’ve extended it to Wednesday, December 5. The Pathways Program is a ten week summer internship program […]

Published Category: Info for consumers

You have a right to see specialty consumer reports too

You have the right to know what nationwide specialty consumer reporting companies are saying about you. And you’re entitled to one free report each year, just like with the traditional nationwide consumer reporting companies – Experian, Equifax, and TransUnion. What’s more, nationwide specialty consumer reporting companies have to make it easy for you to get […]

Published Category: Policy & Compliance

Proposed changes to the remittance rule and an extension of rule’s effective date

Updated on August 8, 2013: The remittance rule goes into effect October 28, 2013. Visit the remittance rule page for additional information regarding the rule including the most recent updates. Today we issued a bulletin explaining that we intend to propose certain limited adjustments to our rule on international money transfers, as well as a […]

Published Category: Info for consumers

Buyer beware – Potentially deceptive mortgage ads are targeting veterans and older Americans

Today, along with the Federal Trade Commission (FTC), our Office of Enforcement sent letters to a number of lenders concerning potential violations of the Mortgage Acts and Practices – Advertising (MAP) Rule, a new rule that took effect in August 2011. The MAP Rule addresses claims and statements in mortgage advertising that may be misleading […]

More than 500 colleges agree to adopt financial aid shopping sheet

Cross posted from the Department of Education. We were proud to work with the Department of Education on this Know Before You Owe Project. By Arne Duncan I am pleased to announce that more than 500 colleges and universities (.xls), enrolling more than 2.5 million undergraduate students (thirteen percent of all undergrads), have committed to […]

Published Category: At the CFPB

A second clean financial audit for CFPB

Yesterday we issued our financial report for fiscal year 2012, as required by the Dodd-Frank Act. The financial report has two main parts. The first part includes a narrative description of the bureau, including our mission, operating units, main activities, performance, and results. It provides some financial analysis and a description of our operating environment. […]