CFPB Warns Financial Companies About Sales and Production Incentives That May Lead to Fraud or Consumer Abuse
Unchecked Incentives Can Produce Unauthorized Account Openings, Deceptive Sales Tactics, and Other Illegal Practices.
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Agencies Issue Final Rule on Method to Adjust Thresholds for Exempting Certain Consumer Credit and Lease Transactions and Announce 2017 Thresholds
The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) issued a final rule detailing the method that will be used to adjust the thresholds for exempting certain consumer credit and lease transactions from the Truth in Lending Act and Consumer Leasing Act.
Agencies Issue Final Rule on Method to Adjust the Threshold for Exempting Small Loans from Special Appraisal Requirements and Announce 2017 Threshold
The Consumer Financial Protection Bureau (CFPB), Federal Reserve Board, and Office of the Comptroller of the Currency (OCC) issued a final rule detailing the method that will be used to make annual inflation adjustments to the threshold for exempting small loans from special appraisal requirements.
CFPB Sues Access Funding for Scamming Lead-Paint Poisoning Victims Out of Settlement Money
The Consumer Financial Protection Bureau (CFPB) filed a complaint in federal district court against Access Funding, LLC for an illegal scheme in which victims of lead-paint poisoning and others were deceived into signing away future settlement payments in exchange for a significantly lower lump-sum payout.
CFPB Launches Inquiry Into Challenges Consumers Face in Using and Securely Sharing Access to Their Digital Financial Records
Bureau Seeks Stakeholder Input on Security, Consumer Choice, and Control of Records.
Prepared Remarks of CFPB Director Richard Cordray at the Field Hearing on Consumer Access to Financial Records
Thank you all for joining us in Salt Lake City. We have a special moment right now to peer into the future and see what we can learn.
Prepared Remarks of CFPB Director Richard Cordray at the Financial Literacy and Education Commission
We are glad to welcome the Department of the Interior to their first meeting as a member of the Commission. Today we are releasing the 2016 National...
CFPB Takes Action Against B&B Pawnbrokers For Deceiving Consumers About Loan Costs
Bureau Alleges Virginia Pawnbroker Disclosed Misleadingly Low Annual Percentage Rate.
CFPB and New York Attorney General File Lawsuit Against Illegal Nationwide Debt Collection Scheme
Alleges Network of Sham Collections Companies Harass, Threaten, and Deceive Millions of Consumers.
CFPB Supervision Recovers $11 Million for 225,000 Harmed Consumers
CFPB Finds Qualified Students Were Blocked From Affordable Loan Repayment Plans; Updates Student Loan Servicing Exam Procedures.
Prepared Remarks of CFPB Director Richard Cordray at the Consumer Advisory Board Meeting
Today, I want to talk to you about some of the issues people encounter when they are paying back debts. Specifically, I want to discuss the debt collection...
CFPB Warns Financial Institutions About Potential Mortgage Lending Reporting Failures
CFPB Puts 44 Mortgage Lenders and Brokers on Notice That They May Be Required to Report Mortgage Data.
Prepared Remarks of CFPB Director Richard Cordray at the Mortgage Bankers Association
Thank you for having me today. Over the past five years, the Bureau and the Mortgage Bankers Association have each been working in our own ways to revive a...
CFPB Monthly Complaint Snapshot Spotlights Prepaid Product Complaints
Report Also Includes In-Depth Look at Consumer Complaints from North Carolina.
CFPB Releases First-Ever Project Catalyst Innovation Highlights Report
Report Discusses Market Developments with Potential for Consumer-Friendly Innovation.
Prepared Remarks of CFPB Director Richard Cordray at Money 20/20
Thank you. It is exciting to be here at Money 20/20 and see all of the intense interest around innovation in consumer financial services. The possibilities...
CFPB Projects that One-in-Three Rehabilitated Student Loan Borrowers Will Re-default Within Two Years
Gaps in Student Loan Rehab Programs Trap Vulnerable Borrowers in Default, May Cost Consumers $125 Million in Unnecessary Interest Charges Alone.
CFPB Announces Changes to Senior Leadership
The CFPB announced leadership changes within the Bureau.
CFPB Orders Navy Federal Credit Union to Pay $28.5 Million for Improper Debt Collection Actions
Credit Union Used False Threats to Collect Debts and Placed Unfair Restrictions on Account Access.
Prepared Remarks of CFPB Director Richard Cordray on the Prepaid Accounts Rule Press Call
Thank you for joining us on this call. The CFPB today has finalized a new rule providing strong federal consumer protections for prepaid account users.
CFPB Finalizes Strong Federal Protections for Prepaid Account Consumers
New Rule Includes ‘Know Before You Owe’ Prepaid Disclosures.
CFPB Releases Updated Exam Procedures for Military Lending Act
CFPB to Evaluate Military Lending Act Violations in its Exams of Creditors and Will Use Its Enforcement Authority in Cases of Substantial Consumer Harm.
Prepared Remarks of CFPB Director Richard Cordray to Corporation for Enterprise Development Assets Learning Conference
Good afternoon and thank you for inviting me today. It is good to be here with so many people who have similar goals and ideals. The thread that ties us...
CFPB Project Catalyst Study Finds Savings Offers Double the Number of Consumers Saving
Project Also Finds Savings Persist After Offers End.
Federal Financial Institutions Examination Council Announces Availability of 2015 Data on Mortgage Lending
The FFIEC today announced the availability of data on mortgage lending transactions at 6,913 U.S. financial institutions covered by the Home Mortgage...