CFPB Adopts Rule for the Protection of Privileged Information
"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...
Newsroom
CFPB Report Finds Confusion in Reverse Mortgage Market
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...
Consumer Financial Protection Bureau and prudential regulators issue joint guidance to address mortgage servicer practices that impact servicemembers
The guidance, which is intended to ensure compliance with applicable consumer laws and regulations, pertains to military homeowners who have received...
CFPB Announces Changes to Senior Leadership
Among those named are: Associate Director for Supervision, Enforcement, and Fair Lending; General Counsel; Senior Advisor and Counselor to the Director...
CFPB Launches Consumer Complaint Database
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...
CFPB Launches Inquiry on Elder Financial Abuse
"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...
CFPB Publishes Private Student Loan Borrower Comments
These comments contain unique, detailed, and personal depictions of consumer experiences with private student loan debt.
Agencies Sign Memorandum of Understanding on Supervisory Coordination
Such coordination includes scheduling examinations, conducting simultaneous examinations of covered depository institutions unless an institution requests...
CFPB Seeks Further Comment on Ability-to-Repay Mortgage Rule
"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...
CFPB Proposes Procedural Rule on Supervising Nonbanks that Pose Risks to Consumers
"This is an important step in the development of our nonbank supervision program," said CFPB Director Richard Cordray. "This proposal allows us to reach...
CFPB Considers Rules on Prepaid Cards
The Bureau's Advance Notice of Proposed Rulemaking seeks input on how to ensure that consumers' funds on prepaid cards are safe and that card terms and fees...
CFPB Considers Rules to Simplify Mortgage Points and Fees
These rules, which the CFPB expects to propose this summer and finalize by January 2013, would make it easier for consumers to understand mortgage costs and...
FFIEC Implements New InfoBase Technology for The Information Technology Examination Handbook
The IT Handbook consists of 11 booklets covering a variety of technology and technology-related risk management guidance for financial institutions and...
CFPB hires Stuart Ishimaru to head the Office of Minority and Women Inclusion
The Consumer Financial Protection Bureau (CFPB) announced the selection of Stuart Ishimaru to head the newly established Office of Minority and Women Inclusion (OMWI).
CFPB Launches Public Inquiry into Arbitration Clauses
Today the CFPB launched a public inquiry into how consumers and financial services companies are affected by arbitration and arbitration clauses.
CFPB Clarifies State Reciprocity in Loan Originator Licensing
In a bulletin, the CFPB states that, consistent with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), a state may grant a...
CFPB to Hold Financial Institutions and their Service Providers Accountable
The Bureau will take a close look at service providers' interactions with consumers. It will hold all appropriate companies accountable when legal...
CFPB Seeks Public Comment on Amendment to Credit Card Act Rule
At issue in the lawsuit is the total amount of fees that a credit card issuer may require a consumer to pay with respect to a credit card account prior to...
CFPB Releases Financial Aid Comparison Shopper
The Bureau today launched the next phase of its Know Before You Owe student loan project by releasing a beta version of the Financial Aid Comparison...
CFPB Outlines Borrower-Friendly Approach to Mortgage Servicing
"The mortgage servicing rules we are considering reflect two basic, common-sense principles – no surprises and no runarounds," said CFPB Director Richard...
Consumer Financial Protection Bureau files amicus brief in truth in lending case
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...
CFPB Invites Consumers to Ask CFPB
"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...
Consumer Financial Protection Bureau proposes rule for the protection of privileged information
The proposed rule is intended to provide supervised entities further assurances that providing privileged information to the Bureau will not adversely...
CFPB Now Taking Private Student Loan Complaints
The CFPB will assist all borrowers experiencing problems taking out a private student loan, repaying their private student loan, or managing a student loan...
Consumer Financial Protection Bureau now taking complaints on checking accounts
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...