We were in Missouri today to hold our first Consumer Advisory Board meeting. Today’s live events have now ended. You can read CFPB Director Richard Cordray’s full remarks and see Deputy Director Raj Date’s presentation from the event. If you missed the event, you can watch below:
Working to help industry understand and comply with the new remittance rule: Countries list and webinar
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. The rule to implement the consumer protections created by the Dodd-Frank Act for certain electronic transfers of funds to other countries – the remittance rule […]
We have an expansive, vital mission: to make markets for consumer financial products and services work for Americans. But, how do we do that with limited resources? We’ll accomplish our mission by setting goals, establishing strategies, and measuring performance. Our strategic plan outlines this information and describes how we will focus our resources on the […]
As a result of today’s order, Discover will pay approximately $200 million in restitution to more than 3.5 million consumers.
How will consumers be refunded?
Anyone affected by this order will automatically receive a credit to their account, or, if they’re no longer a Discover customer, they’ll receive a check in the mail or have any outstanding balance reduced by the amount of the refund.
The mission of the CFPB is to ensure compliance with federal consumer financial laws through effective enforcement of those laws. When the Office of Enforcement needs to gather information, it may issue a Civil Investigative Demand (CID) to people and institutions that may have materials relevant to an investigation. The law that created the CFPB […]
Join us for the inaugural meeting of our new Consumer Advisory Board in St. Louis, Missouri. The meeting will take place on Thursday, September 27, 2012, at 12:15 p.m. at Randall Gallery, 999 North 13th Street, St. Louis, MO. We’ll have remarks from Richard Cordray, CFPB Director as well as the Chair and Vice Chair […]