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Live from Chicago!

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We held an event in Chicago to launch our partnership with libraries.

The event featured remarks from Director Richard Cordray as well as Charles Evans, president of the Federal Reserve Bank of Chicago, and Keith Michael Fiels, executive director at the American Library Association. The event also included a panel discussion with CFPB officials, library representatives, and financial education experts.

The live event has now ended, but a recording of the event is available below.

We’re protecting students from predatory lending

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Today, we filed a lawsuit against ITT Educational Services, Inc., accusing the for-profit college chain of predatory student lending. We believe that ITT used high-pressure tactics to push many students into expensive private student loans that were likely to end in default.

This is our first public enforcement action against a company in the for-profit college industry.

“Today’s action should serve as a warning to the for-profit college industry that we will be vigilant about protecting students against predatory lending tactics,” said Director Richard Cordray.

You can read the press release, read Director Cordray’s full remarks, and view the formal complaint against ITT.

You can also watch a recording of today’s press conference.

Live from Atlanta!

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We held a field hearing on workplace financial education in Atlanta. Part of America Saves Week, the hearing was an opportunity for us to get public input on promising practices for delivering financial education in the workplace.

The live event has now ended.

We held this event with the U.S. Departments of Labor and Treasury. It featured opening remarks, followed by panel discussions with academic and business experts about improving employee financial capability through workplace financial education. The hearing also featured remarks from Director Richard Cordray.

A recording of the event is available below.

Live from Phoenix!

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Today, we held “Protecting homeowners: New tools for empowering consumers and advocates” in Phoenix.

The live event has ended.

This event was a training for housing counselors, legal aid attorneys, and other advocates on the new mortgage servicing rules that take effect today. The training also featured remarks from Director Richard Cordray.

Find out more about our work on mortgages.

A recording of the event is available below.