Newsroom
"This is an important step in the development of our nonbank supervision program," said CFPB Director Richard Cordray. "This proposal allows us to reach...
The Bureau's Advance Notice of Proposed Rulemaking seeks input on how to ensure that consumers' funds on prepaid cards are safe and that card terms and fees...
Consumers can load money onto these cards and then use them for everyday purchases, just like a debit or credit card, but without having to be attached to...
By
Richard Cordray
We are turning the corner out of the most damaging and frightening financial crisis of our lifetimes. As we move into a future reshaped by this crisis, we...
By
Richard Cordray
At the Bureau, we are uniquely positioned to address these issues by helping to bridge the ever-widening gap between people's actual financial capability...
By
Richard Cordray
These rules, which the CFPB expects to propose this summer and finalize by January 2013, would make it easier for consumers to understand mortgage costs and...
So mortgage reform is appropriately front and center on the CFPB’s agenda.
By
Raj Date
The IT Handbook consists of 11 booklets covering a variety of technology and technology-related risk management guidance for financial institutions and...
Let me emphasize at the outset that we all have certain goals in common: a strong and vibrant financial sector; the ability to earn and maintain the...
By
Richard Cordray
The Consumer Financial Protection Bureau (CFPB) announced the selection of Stuart Ishimaru to head the newly established Office of Minority and Women Inclusion (OMWI).
At the Consumer Bureau, we take this mandate very seriously. We understand how important it is to include women and people of color in our work. And so we...
By
Richard Cordray
To successfully navigate our complex financial system, all Americans, regardless of income and level of educational attainment, must be equipped with the financial knowledge and skills sufficient to make informed financial choices.
By
Camille Busette
Today the CFPB launched a public inquiry into how consumers and financial services companies are affected by arbitration and arbitration clauses.
The mortgage market failed to make good credit decisions; it failed to take smart risks; and, maybe worst of all, it failed to clean up its own mess.
By
Raj Date
In a bulletin, the CFPB states that, consistent with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), a state may grant a...
You, the National Community Reinvestment Coalition, have stepped up to preserve and expand on that foundational principle of our nation by working to...
By
Richard Cordray
From my work with Jump$tart over the years, I know you to be a leader in improving financial literacy from kindergarten to college.
By
Richard Cordray
The Bureau will take a close look at service providers' interactions with consumers. It will hold all appropriate companies accountable when legal...
At issue in the lawsuit is the total amount of fees that a credit card issuer may require a consumer to pay with respect to a credit card account prior to...
This new tool is an interactive, online platform designed to help families decide how much to borrow for higher education.
By
Richard Cordray
The Bureau today launched the next phase of its Know Before You Owe student loan project by releasing a beta version of the Financial Aid Comparison...
At the start of this year, nearly one in four mortgages was underwater and 4.5 million mortgages were seriously delinquent. And today, some studies estimate...
By
Richard Cordray
"The mortgage servicing rules we are considering reflect two basic, common-sense principles – no surprises and no runarounds," said CFPB Director Richard...
I want to thank you for this opportunity to testify on the first "Semi-Annual Report of the Bureau" detailing the Bureau's accomplishments in its first six...
By
Richard Cordray
And we have certain goals in common: a strong and vibrant financial sector; a highly competitive economy that works for Americans in both the short run and...
By
Richard Cordray
