CFPB Provides Guidance About Marketing Services Agreements
Bulletin Highlights Risks of Agreements Violating Federal Prohibition on Mortgage Kickbacks The Bureau today issued a bulletin providing guidance to the...
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Prepared Remarks of CFPB Director Richard Cordray at a Meeting of the Credit Union Advisory Council
I want to welcome you all to this meeting of the Credit Union Advisory Council, which has been convened to talk about consumer challenges in payment...
CFPB Considers Proposal to Ban Arbitration Clauses that Allow Companies to Avoid Accountability to Their Customers
Proposal Would End the Free Pass Companies Use Against Group Lawsuits Today the Bureau announced it is considering proposing rules that would ban consumer...
Prepared Remarks of CFPB Director Richard Cordray at the Arbitration Field Hearing
Thank you all for joining us in Denver today. We are here to talk about something important that is often buried deeply in the fine print of many contracts...
CFPB Sends Industry Letter on Know Before You Owe Mortgage Disclosure Rule Compliance
The Bureau yesterday sent a letter to mortgage industry trade groups regarding the Know Before You Owe mortgage disclosure rule, which becomes effective...
CFPB Orders Indirect Auto Finance Company to Provide Consumers $44.1 Million in Relief for Illegal Debt Collection Tactics
Westlake Services and Wilshire Consumer Credit Pressured Borrowers with Illegal Threats and Phony Caller IDs.
Prepared Remarks of CFPB Director Richard Cordray at a Meeting of the Community Bank Advisory Council
I want to welcome you all to this meeting of the Community Bank Advisory Council, which has been convened to talk about consumer challenges in payment...
Written Testimony of CFPB Director Richard Cordray Before the House Committee on Financial Services
Chairman Hensarling, Ranking Member Waters, and Members of the Committee – thank you for the opportunity to testify today about the Bureau's latest...
CFPB Concerned About Widespread Servicing Failures Reported by Student Loan Borrowers
CFPB and U.S. Departments of Education and Treasury Issue Framework for Servicing Reforms, Bureau Prioritizes Stamping Out Illegal Actions Today, the Bureau...
CFPB Takes Action Against Fifth Third Bank for Auto-Lending Discrimination and Illegal Credit Card Practices
Company to Pay $18 Million to Minority Auto Borrowers, $3 Million to Credit Card.
Prepared Remarks of CFPB Director Richard Cordray at The Ohio State University John Glenn Leadership Forum
Good morning. Thank you for the opportunity to speak here this morning at the John Glenn College of Public Affairs. The opportunity is especially meaningful...
Prepared Remarks of CFPB Director Richard Cordray on Hudson City Savings Bank Enforcement Action Press Call
Thank you. Today the Bureau and the Department of Justice are announcing a joint action against Hudson City Savings Bank for illegal redlining. We are...
CFPB and DOJ Order Hudson City Savings Bank to Pay $27 Million to Increase Mortgage Credit Access in Communities Illegally Redlined
Bank Illegally Denied Black and Hispanic Neighborhoods Fair Access to Mortgages Today, the Bureau and the Department of Justice (DOJ) announced a joint...
Federal Financial Institutions Examination Council Announces Availability of 2014 Data on Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 7,062 U.S...
CFPB Monthly Complaint Snapshot Spotlights Mortgage Complaints
Report Also Includes In-Depth Look at Consumer Complaints in Denver, Colo. Today, the Bureau released its latest monthly consumer complaints snapshot, which...
CFPB Finalizes Rule to Facilitate Access to Credit in Rural and Underserved Areas
Bureau Extends Provisions to Cover More Community Banks, Credit Unions, and Other Creditors The Bureau today finalized several changes to its mortgage rules...
CFPB Announces New Members of the Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council
Today, the Bureau announced the appointment of new consumer finance experts from outside the federal government to the Consumer Advisory Board, Community...
Prepared Remarks of CFPB Director Richard Cordray at the National Association of Realtors
Thank you for inviting me today. That renowned philosopher from the Garden State of New Jersey, Bruce Springsteen, once said, "I have spent my life judging...
CFPB Releases New Tools as Part of Know Before You Owe Mortgage Initiative
Tools Provide Additional Shopping Help for Consumers as New Mortgage Disclosure Rule Takes Effect Today the Bureau is releasing new online tools as part of...
Press Kit for the Know Before You Owe Mortgage Disclosure Rule
The Dodd-Frank Wall Street Reform and Consumer Protection Act directed the CFPB to combine certain federal mortgage disclosures that consumers receive when...
CFPB Sues World Law Group for Charging Illegal Fees and Making False Promises in Debt-Relief Scheme
Lawsuit Names Individuals Responsible for Bilking $67 million from 21,000 Consumers Today the Bureau announced that it has obtained a preliminary injunction...
CFPB Takes Action Against the Two Largest Debt Buyers for Using Deceptive Tactics to Collect Bad Debts
Encore and Portfolio Recovery Associates Must Refund Millions of Dollars and Overhaul Debt Collection and Litigation Practices Today the Bureau took action...
Prepared Remarks of CFPB Director Richard Cordray on Call About Encore and Portfolio Recovery Associates Enforcement Action
Thank you all for joining us on this call. Today the Bureau is taking action against Encore Capital Group and Portfolio Recovery Associates, the two largest...
CFPB Monthly Complaint Snapshot Spotlights Credit Reporting Complaints
Report Also Includes In-Depth Look at Consumer Complaints in Los Angeles, Calif. Today, the Bureau released its monthly consumer complaints snapshot. The...
CFPB and New York Department of Financial Services Sue Pension Advance Companies for Deceiving Consumers About Loan Costs
Companies Hid Loan Interest Rates and Fees and Deceived Consumers About Other Terms of the Deal Today the Bureau and the New York Department of Financial...