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...
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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...
Testimony of Kelly Thompson Cochran Before the Subcommittee on Insurance, Housing, and Community Opportunity
The amendments require the CFPB to publish a single, integrated model disclosure for mortgage loan transactions that includes disclosure requirements of...
Statement by Holly Petraeus to the forum, Fighting on the Homefront: Wrongful Foreclosures Against Military Families
Congress, in creating the OSA, recognized that protecting our servicemembers from suffering financial repercussions for answering the call to service is not...
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...
Testimony of Raj Date Before the Subcommittee on Financial Institutions and Consumer Credit and the Subcommittee on Oversight and Investigations
The Bureau will work to promote fairness, transparency, and competition in the markets for mortgages, credit cards, and other consumer financial products...
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...
Rutgers School of Law Commencement Address
Rutgers opens doors. Students come here from different backgrounds and have different experiences here, but one way or another, this place opens doors.
Testimony of Elizabeth Warren Before the Subcommittee on TARP, Financial Services, and Bailouts of Public and Private Programs
I came to Capitol Hill on many occasions to testify on behalf of the COP about our oversight efforts. Based on that experience working on behalf of...
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...
Testimony of Hollister K. Petraeus Before the U.S. Senate Committee on Homeland Security and Governmental Affairs Subcommittee on Oversight of Government Management, the Federal Workforce, and the District of Columbia
Consider this mandate to educate servicemembers and their families to be one of the OSA's highest priorities. In my years working with servicemembers and...
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.
Remarks to the National Association of Attorneys General Presidential Initiative Summit
Rich usually heads in smart directions, so I thought I'd follow his lead and pick up where he left off by discussing in greater detail how the CFPB can...
Remarks to the Society of American Business Editors and Writers
For the past six months, I've been hard at work setting up the new CFPB. Accountability has been an integral part of my job...