Newsroom
When a borrower cancels a loan on this basis, the lender must release its liens against the borrower's home, and the borrower must return the loan he or she...
"Ask CFPB gives consumers answers in plain language so they can make sound financial decisions. But today's launch is just the beginning – we will continue...
I would like to talk to you today about how we are doing this by promoting transparency, lowering consumer risks, and ensuring a level playing field between...
By
Richard Cordray
At the Bureau, we have been working with one of the largest credit unions in the country, the Pentagon Federal Credit Union, to pilot a prototype credit...
By
Richard Cordray
I deeply believe that reporters play an important role in ensuring our government operates fairly, efficiently, and honestly. This role includes a new task...
By
Richard Cordray
I have seen firsthand how the success of community banks benefits the people who live in those communities, where the bankers themselves also live and work.
By
Richard Cordray
The proposed rule is intended to provide supervised entities further assurances that providing privileged information to the Bureau will not adversely...
Making prices and risks clear. Protecting people against fraud. And standing up for consumers to make sure they are treated fairly. That is our new job.
By
Richard Cordray
The CFPB will assist all borrowers experiencing problems taking out a private student loan, repaying their private student loan, or managing a student loan...
Almost nine out of ten American households have at least one checking account, and many also maintain a savings account. Yet, despite the fact that they are...
The Dodd-Frank Wall Street Reform and Consumer Protection Act, which created the CFPB, requires that a Consumer Advisory Board be established to advise and...
Today, the Senate Health, Education, Labor, and Pensions (HELP) Committee released data which revealed that education benefits administered by the...
Overdrafts can provide consumers with needed access to funds, but the growing costs of overdraft practices have the capacity to inflict serious economic...
By
Richard Cordray
As part of that inquiry, the CFPB is seeking public input on a prototype "penalty fee box" – a disclosure on a consumer's checking account statement that...
The review panel will solicit feedback from small businesses that make mortgage loans and conduct mortgage closings.
"Our proposed rule would mean that those debt collectors and credit reporting agencies that qualify as larger participants are subject to the same...
We want Latino consumers – on the same footing with every other consumer – to have the information they need to make good choices, choices that enhance...
By
Richard Cordray
We are committed to fulfilling our statutory responsibilities and delivering value to American consumers. This means being accountable and using our...
By
Richard Cordray
"This draft statement shows consumers the breakdown of their mortgage payments – what money goes to the loan principal, interest, and fees," said CFPB...
That is why we are taking action on the mortgage servicing front to help consumers as quickly as possible.
By
Richard Cordray
"The provisions relating to the Servicemembers Civil Relief Act (SCRA) in this agreement will help ensure that members of the military won't be denied...
The settlement will provide $25 billion in financial relief to distressed homeowners and establish new servicer standards of conduct.
Today, I will spend most of my time providing an update on where we stand in developing our bank and nonbank supervision programs.
By
Peggy Twohig
I said that I would always welcome your thoughts about our work. I stand by that commitment. I am pleased to be here with you today to tell you about our...
By
Richard Cordray
The Repeat Offenders Against Military (ROAM) Database will track completed enforcement actions against companies and individuals who repeatedly scam...
