Newsroom
All 800,000 Loans Will Be Independently Audited, Companies Will Pay at Least $21.6 Million and Stop Suing for Invalid or Unverified Debts.
Company to Regularly Report Lending and Compliance Information to the Bureau.
Bureau Supervision Requires Some Companies to Change Practices to Prevent Future Violations.
For more than five years now, I have had the honor to serve our country as the first director of the new U.S. Consumer Financial Protection Bureau. In that time, we have built a brand-new federal agency from scratch.
By
Richard Cordray
Bureau Orders Zero Parallel and Its Owner to Pay $350,000 and Stop Their Abusive Practices.
Director Cordray's remarks at the Cincinnati AFL-CIO Labor Day picnic.
By
Richard Cordray
Company Banned From Offering Credit Repair Services and Required to Pay $150,000 Penalty.
Adjustments Based on Annual Percentage Change in Consumer Price Index.
CFPB Releases Consumer Guide and Video Explaining Reverse Mortgages.
Final Rule Also Clarifies Certain Requirements to Help Companies Comply.
Consumers Harmed By Inferior Card Terms, Including Higher Interest Rates, Stricter Credit Cutoffs, and Less Debt Forgiveness, Receive Over $95 Million in Redress.
Bureau’s Proposed Settlement Seeks $183.3 million in Relief for 41,000 Harmed Student Borrowers.
Record Student Debt Spurring Employers to Offer Student Loan Repayment Benefits.
Press call on "Know Before You Owe: Overdraft" in Washington, D.C. on August 4, 2017.
By
Richard Cordray
New CFPB Study Shows Opted-In Frequent Overdrafters Typically Pay Almost $450 More in Fees.
Bureau’s Order Requires Bank to Pay $4.6 Million Penalty.
Bureau Concerned About Companies Misleading Consumers About Pay-By-Phone Fees, Keeping Them in the Dark About Much Cheaper Options.
Proposed Rule Would Temporarily Raise the Reporting Threshold for Smaller Institutions.
Prepared Remarks of CFPB Director Richard Cordray Director at the Rainbow/PUSH Coalition’s 46th Annual Convention in Chicago, Ill.
Financial Companies Can No Longer Block Consumers From Joining Together to Sue Over Wrongdoing.
Today, we are announcing a final rule that prevents financial companies from using mandatory arbitration clauses to deny groups of consumers their day in court.
By
Richard Cordray
Today the Consumer Financial Protection Bureau (CFPB) announced the appointment of new consumer experts from outside the federal government to CFPB's board and councils.
Changes Will Provide More Clarity, Preserve Protections for Consumers.
Prepared Remarks of CFPB Director Richard Cordray at the American Association of Family and Consumer Sciences Conference in Dallas, Texas.
By
Richard Cordray
Report Provides National and State-by-State Overviews of the Complaints Submitted to the Bureau.
