Older Americans Need to be Armed Against Financial Fraud
Some of the specific challenges they raised include the underreporting of fraudulent and other abusive practices, the need for more robust centralized...
Newsroom
CFPB Aims to Simplify Credit Card Agreements
Today, at a news conference in Cleveland, Ohio, the Bureau launched a new Know Before You Owe project aimed at simplifying credit card agreements so that...
Know Before You Owe: Credit Cards
Today, I'm excited to announce another Know Before You Owe project aimed at simplifying credit card agreements so that the prices and terms are easier for...
Remarks by Raj Date at the Consumer Federation of America’s Financial Services Conference
I’d like to thank everyone at the CFA for your leadership and extraordinary work on consumer financial reform on behalf of ordinary Americans.
SIGTARP, CFPB, and Treasury form Joint Task Force to Combat HAMP Mortgage Modification Scams; Release a Consumer Fraud Alert to Protect Homeowners
"The goal of our consumer fraud alert is to empower homeowners with the knowledge of how to recognize and avoid these scams," said Christy Romero, Deputy...
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...
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.
Testimony of Hubert H. “Skip” Humphrey III Before the Senate Subcommittee on Financial Institutions and Consumer Protection
Now I look forward to putting these past experiences to good use in helping our nation’s senior consumers in the financial marketplace.
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...
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...