CFPB Report Outlines Legal Violations Uncovered by Supervision
Examiners Recover $19.4 Million in Remediation for more than 92,000 Consumers Today the Bureau released its latest supervision report highlighting legal...
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CFPB Study Finds That Arbitration Agreements Limit Relief for Consumers
Today, the Bureau released a study indicating that arbitration agreements restrict consumers' relief for disputes with financial service providers by...
Prepared Remarks of CFPB Director Richard Cordray at the Arbitration Field Hearing
Today we are releasing the results of our study and we are providing our arbitration report to Congress as the law requires us to do. As far as we are...
Written Testimony of CFPB Director Richard Cordray Before the House Committee on Financial Services
Chairman Hensarling, Ranking Member Waters, and Members of the Committee, thank you for the opportunity to testify today about the Bureau's Semi-Annual...
Prepared Remarks of CFPB Director Richard Cordray at the President’s Advisory Council
Earning a college degree has become increasingly important to personal and professional success in life. Yet we know it also can impose long-term burdens...
Prepared Remarks of CFPB Director Richard Cordray at the Financial Literacy and Education Commission Meeting
Whether lifeguarding at the local pool or mowing lawns for the city, summer jobs are often a young person's first small taste of financial freedom and...
CFPB Seeks to Improve Process for Industry Submission of Consumer Credit Card Agreements
Bureau Proposes to Temporarily Suspend Card Issuers' Obligation to Submit Credit Card Agreements Today the Bureau issued a proposal aimed at improving the...
Prepared Remarks of CFPB Director Richard Cordray at Retirement Savings Event
For most Americans, retirement security depends on starting to save early and protecting those savings by making informed investment decisions. The...
Prepared Remarks of CFPB Director Richard Cordray at the National Association of Attorneys General
Robert F. Kennedy once said something that is apt for the work we all do: "The challenge of politics and public service is to discover what is interfering...
Prepared Remarks of CFPB Director Richard Cordray at the Consumer Advisory Board Meeting
A year ago, I focused my remarks to this group on the work the Bureau is doing on credit reporting. Today, I would like to give you an update on that work...
CFPB Reports That More Than 50 Million Credit Card Consumers Have Access to Free Credit Scores
New Study Indicates that Consumers Access Credit Scores and Credit Reports in a Variety of Ways but Confusion Persists Today, the Bureau reported that more...
Prepared Remarks of CFPB Deputy Director Steven Antonakes at The Exchequer Club
The Bureau does not have a safety and soundness mandate. Nevertheless, we very much care about the financial health of banks and nonbanks. As a veteran of...
CFPB Takes Action Against Mortgage Companies For Misrepresenting U.S. Government Affiliation
CFPB Sues Mortgage Lender for False Reverse Mortgage Ads; Orders Others to End Deceptive Advertising Today the Bureau is taking action against three...
Prepared Remarks of CFPB Director Richard Cordray at the National Credit Union Administration Webinar
We have incorporated into our mortgage rules some special provisions that provide smaller creditors like most credit unions with different treatment from...
CFPB Takes Action Against NewDay Financial for Deceptive Mortgage Advertising and Kickbacks
Lender to Pay $2 Million Civil Penalty for Illegal Conduct Today, the Bureau took action against NewDay Financial, LLC for deceptive mortgage advertising...
CFPB Report Highlights Consumer Frustration Around Reverse Mortgages
CFPB Issues Advisory Offering Tips to Borrowers on Protecting Family Members Today the Bureau released a report highlighting the top complaints for reverse...
CFPB Orders Subprime Credit Card Company to Refund $2.7 Million for Charging Illegal Credit Card Fees
‘Fee-Harvester' Credit Cards Misrepresented Charges, Hit Consumers With Excessive Fees Today, the Bureau ordered Continental Finance Company LLC, a subprime...
CFPB Secures $480 Million in Debt Relief for Current and Former Corinthian Students
Today, the Bureau and the U.S. Department of Education announced more than $480 million in forgiveness for borrowers who took out Corinthian College's...
CFPB Takes Action to Shut Down Sham Credit Card
Today, the Bureau asked a federal district court to enter a consent order that would permanently ban a Texas-based company, Union Workers Credit Services...
CFPB Issues Proposal To Facilitate Access To Credit In Rural And Underserved Areas
Proposal Would Extend Provisions to Cover More Community Banks, Credit Unions, and Other Creditors The Bureau today proposed several changes to its mortgage...
Prepared Remarks of CFPB Director Richard Cordray at the Financial Services Roundtable Event on Financial Education
Today we are pleased to announce that the Consumer Bureau and the Financial Services Roundtable are joining together to promote effective financial...
CFPB Issues Supervisory Compliance Bulletin
Bulletin Reminds Companies of Existing Legal Responsibilities Regarding Treatment of Confidential Supervisory Information The Bureau issued a bulletin today...
What we really need to be better off financially
Crossposted from CNN.com. This opinion editorial was posted on January 27, 2014 online. We are facing a financial education crisis in this country. The gap...
CFPB Announces New Additions to Senior Leadership
Today, the Bureau is announcing the addition of several new members to leadership positions within the Bureau. The positions being announced today are:...
CFPB Takes Action Against Wells Fargo and JPMorgan Chase for Illegal Mortgage Kickbacks
Banks to Pay $35.7 Million After Loan Officers Illegally Traded Referrals for Cash and Marketing Services Today, the Bureau and the Maryland Attorney...