CFPB Releases Initial Report on Credit Card Complaints
The CFPB is using the information learned in the first few months of credit card complaints to help identify problems in the market. After careful analysis...
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CFPB Seeks Input on Streamlining Inherited Regulations
The Notice and Request for Information issued by the CFPB asks the public to identify provisions of the inherited regulations that the agency should make...
Agencies Issue Statement to Clarify Supervisory and Enforcement Responsibilities For Federal Consumer Financial Laws
Under section 1025 of Dodd-Frank, the Bureau has exclusive authority to examine for compliance with federal consumer financial laws and primary authority to...
CFPB Aims to Shed Light on the Private Student Loan Industry
Private student loans are financial products used for higher education that are not originated through the federal student loan program. Many students...
CFPB Announces Senior Leadership Hires
The CFPB today announced the hiring of eight experts for key senior leadership positions within the agency.
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...
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...
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...
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.
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...
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).
Consumer Financial Protection Bureau Outlines Bank Supervision Approach
The consumer agency will conduct examinations to help ensure that consumer financial practices at large banks conform with consumer financial protection...
CFPB and Military’s Top Uniformed Lawyers Release Joint Statement of Principles
Partnership Between CFPB and the Offices of the Judge Advocate Generals Will Help Better Protect Servicemembers and their Families from Unlawful Acts and...
Consumer Financial Protection Bureau Seeks Public Input On Key Element Of Nonbank Supervision Program
To prepare for this eventual rulemaking, the CFPB is seeking public input through a Notice and Request for Comment, which identifies six markets for...
CFPB Announces Initiative to Combine Mortgage Loan Disclosures
The Bureau today announced the Know Before You Owe project, an effort to combine two federally required mortgage disclosures into a single, simpler form...
Treasury Department Announces Senior Leadership Hires for the Consumer Financial Protection Bureau
Elizabeth Warren, Assistant to the President and Special Advisor to the Secretary of the Treasury on the CFPB, highlighted the selection of Sendhil...
CFPB and National Association of Attorneys General Presidential Initiative Working Group Release Joint Statement of Principles
The first step in forging a new partnership between federal and state officials to protect consumers of financial products and services.
Treasury Department Announces Senior Hires for Consumer Financial Protection Bureau
Elizabeth Warren, Assistant to the President and Special Advisor to the Secretary of the Treasury on the CFPB, highlighted the selection of Catherine West...