Newsroom
The foreclosure crisis had a devastating impact on median wealth in this community in particular. And now you and everyone else are dealing with a dried-up...
By
Richard Cordray
"Our proposed redesign of the federal mortgage forms provides much-needed transparency in the mortgage market and gives consumers greater power over the...
On behalf of the CFPB (CFPB or Bureau), thank you for the opportunity to provide this statement for the record about mobile payments.
By
Marla Blow
Homeowners who want to use their home equity to enjoy a more comfortable retirement do have options. One option is a reverse mortgage, a special type of...
By
Richard Cordray
"We are committed to safeguarding the confidential information of the institutions we supervise to ensure the Bureau is best equipped to do its job and...
A reverse mortgage is a special type of home loan that allows older homeowners to access the equity they have built up in their homes now, and defer payment...
Servicemembers and veterans are very attractive to for-profit colleges because they fill a need to enroll students who are not using Title IV federal...
By
Holly Petraeus
First and foremost are the financial concerns of military homeowners.
By
Holly Petraeus
The guidance, which is intended to ensure compliance with applicable consumer laws and regulations, pertains to military homeowners who have received...
We want to make sure that mortgage servicers comply with the laws that prohibit unfair, deceptive, or abusive practices when it comes to a servicemember's...
By
Richard Cordray
We're pleased to have the support of the prudential regulators who signed the guidance we're announcing today – the Federal Reserve Board, the FDIC, the...
By
Holly Petraeus
Today’s hearing is focused on the Bureau’s efforts to combine the various federal disclosures that consumers receive when taking out a mortgage loan.
By
Raj Date
One of our key tools to accomplish that task is our ability to receive and process consumer complaints, which allows us to hear directly from consumers...
By
Richard Cordray
Among those named are: Associate Director for Supervision, Enforcement, and Fair Lending; General Counsel; Senior Advisor and Counselor to the Director...
In December, the CFPB asked the public to comment on a proposed policy of making some credit card complaint data publicly available. After considering those...
We are the first agency ever created with the sole purpose of protecting consumers in the financial marketplace. It is no easy task, but it is crucial...
By
Richard Cordray
According to one study, in 2010, older Americans lost at least $2.9 billion to the silent crime of financial exploitation, and it is estimated that for each...
By
Richard Cordray
"Our older adult population is growing every year, which makes it even more critical that we study this issue. Today, the Bureau will launch a public...
These comments contain unique, detailed, and personal depictions of consumer experiences with private student loan debt.
I'd like to talk to you about how the mission of the CFPB is to help consumer finance markets actually work – for American families, for financial services...
By
Raj Date
This is the 18th time that the Bureau has testified before either the House or the Senate, and I am pleased to be here with you again today. My testimony...
By
Richard Cordray
That rule implements the general ability to pay provision of the Credit CARD Act. The CARD Act addresses a series of problems that existed in the credit...
By
Gail Hillebrand
Higher education is a critical part of the American dream. But for many students today, this dream can only be realized through borrowing. Figuring out how...
By
Richard Cordray
Such coordination includes scheduling examinations, conducting simultaneous examinations of covered depository institutions unless an institution requests...
"Through our ability-to-repay rule, we want to ensure that consumers are not set up to fail with mortgages they cannot afford and we want to protect access...
