CFPB Aims to Simplify Mortgage Closing Documents
Today, the Bureau announced the second phase of its Know Before You Owe mortgage project, which will combine the two forms consumers get before finalizing a...
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CFPB Plans to Provide Early Warning of Possible Enforcement Actions
The Early Warning Notice process allows the subject of an investigation to respond to any potential legal violations that CFPB enforcement staffbelieve have...
Testimony of Hollister K. Petraeus before the Senate Committee on Banking, Housing, and Urban Affairs
Chairman Johnson, Ranking Member Shelby, and distinguished members of the Committee: thank you for the opportunity to speak with you today about the Office...
Testimony of Raj Date: The First 100 Days
Our mission at the CFPB is to help consumer financial markets work by making rules more effective, by consistently and fairly enforcing those rules, and by...
Student Loans: Know Before You Owe
This is why the CFPB is assisting the Department of Education with creating a "financial aid shopping sheet" that colleges could use to improve information...
Know Before You Owe: Student Loans
Today, I'd like to talk about how the Bureau is working to make a better student loan market, and I'd like to announce an exciting initiative with the...
CFPB and Department of Education Partner on New Financial Aid Shopping Sheet
The draft shopping sheet – a model financial aid disclosure form – makes the costs and risks of student loans clear upfront, before students have enrolled...
Consumer Financial Protection Bureau announces Hubert (“Skip”) Humphrey III to head the Office Of Older Americans
Humphrey has spent much of his professional life working to protect consumers, serving first as a state Senator and later as Attorney General of Minnesota...
Consumer Financial Protection Bureau Outlines Mortgage Servicing Examination Strategy
The Mortgage Servicing Examination Procedures released today by the CFPB describe the types of information that the agency's examiners will gather to...
Remarks by Raj Date at the Mortgage Bankers Association’s 98th Annual Conference
That means, for example, that when it comes to the mortgage market, we will be able to ensure that brokers, originators, and servicers play by the same...
Holly Petraeus Statement on Treasury Action to Help Struggling Military Homeowners
As I travel the country talking to military families, I have heard too many distressing stories of servicemembers who are underwater, but not delinquent, on...
Raj Date Statement on the Importance of Checking Account Transparency
The problem is that checking accounts often come with a wide variety of unexpected costs that can quickly add up for consumers.
Testimony of Holly Petraeus: Improving Educational Outcomes for Our Military and Veterans
I am happy to take part in a dialogue like this one to ensure that military families have all the information they need to make sound decisions about where...
For-Profit Colleges, Vulnerable G.I.’s
We are dedicated to improving the lives of everyday Americans and to restoring trust in consumer financial markets. The Semi-Annual Report we are discussing...
Remarks by Raj Date at American Banker’s Regulatory Symposium
We are here today to discuss the Dodd-Frank Act and its implications for consumers, businesses, and the economy. From my, admittedly biased, perspective...
Lessons Learned from the Financial Crisis: The Need for the CFPB
We are the first agency accountable for making sure that consumer finance markets work for American families. To carry out that mission, the law gives us a...
CFPB Analyzing Financial Products Tailored to Servicemembers
In keeping with this commitment, the CFPB is asking consumers, financial service providers, organizations, and other members of the public to provide...
Testimony of Richard Cordray Before the Committee on Banking, Housing, and Urban Affairs
I am honored to be here today as the nominee for the position of Director of the CFPB.
Testimony of Dan Sokolov Before the House Subcommittee on Investigations, Oversight, and Regulations
Many small businesses today report having difficulty obtaining credit. These difficulties originated in the most severe financial crisis since the Great...
Treasury Department Announces Plans for Leadership Transition at the Consumer Financial Protection Bureau
Today, the U.S. Department of the Treasury announced that Raj Date would replace Professor Elizabeth Warren as Special Advisor to the Secretary of the...
CFPB Ready to Help Consumers on Day One
The Bureau hit the ground running this week, launching functions and issuing a variety of required rules and reports that represent important steps in...
CFPB Releases Report On Issues Facing Users of International Money Transfers
A report released today by the Bureau recommends principles for maximizing consumers' ability to receive and use exchange rate information when making...
CFPB Report Examines Differences Between Credit Scores Consumers and Lenders Receive
"One way consumers have tried to empower themselves is by knowing their credit scores. We are assessing whether purchasing a credit score provides a...
CFPB Issues Report on Agency Progress
The CFPB today released a report chronicling its work to build the agency from the ground up since the passage last year of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
Testimony of Elizabeth Warren Before the Committee on Oversight and Government Reform
At each of those appearances, we provided detailed written testimony on our efforts to establish the CFPB. Today, I welcome this opportunity to testify...