Director Richard Cordray Remarks at Field Hearing on Student Loan Debt
But a college degree has the potential to become more of a burden than a blessing for those saddled with unmanageable debt in a tough employment market. We...
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CFPB Takes Action Against Two Companies for Charging Illegal Debt-Relief Fees
According to the CFPB complaint, the defendants, Mission Settlement Agency (Mission) and related entities and individuals, and Premier Consultant Group LLC...
Prepared Remarks of CFPB Director Richard Cordray at the SDNY Enforcement Press Conference
Today, we are here to announce that through the joint efforts of the Consumer Bureau and the Department of Justice, we are putting an end to unfair and...
Corey Stone at the Senate Commerce Subcommittee of Consumer Protection, Product Safety, and Insurance
Credit reporting plays a critical role in consumers' financial lives. Credit reports on consumers' financial history and behavior can determine their...
Remarks of Deputy Director Steve Antonakes at the GMU Attorneys General Education Program
As a veteran of two banking crises, I can tell you unequivocally that, in my view, consumer protection is not in conflict with safety and soundness...
Prepared Remarks of Richard Cordray at the Investing in Our Future Conference
We want consumers to be able to navigate the financial marketplace effectively and to take more control over their economic lives in pursuit of their goals.
CFPB Revises Rule Protecting Consumers Sending Money Internationally
The remittance rule creates a comprehensive consumer protection regime for remittance transfers sent by consumers in the United States to individuals and...
The CFPB Amends Card Act Rule to Make it Easier for Stay-at-Home Spouses and Partners to Get Credit Cards
Today's amendment, first proposed by the Bureau in October 2012, allows credit card issuers to consider income that a stay-at-home applicant, who is 21 or...
The CFPB Issues Civil Penalty Fund Rule
The rule creates a transparent process for allocating money from the Bureau's Civil Penalty Fund to compensate victims harmed by a person or company that...
CFPB Statement on Deposit Advance Product Announcements by Banking Regulators
These statements addressed risks associated with these short-term, small-dollar loans. The Bureau also sees significant consumer risks and looks forward to...
The CFPB Finds Payday and Deposit Advance Loans Can Trap Consumers in Debt
The report found that payday loans and the deposit advance loans offered by a small but growing number of banks and other depository institutions are...
Prepared Remarks of Richard Cordray on the Payday/DAP Study Press Call
This is perhaps the most comprehensive study to date on the short-term, small-dollar loan market. And what we have found is that too often consumers are...
Consumer Financial Protection Bureau Announces Senior Personnel Changes
The Bureau today announced several changes and new additions to the Bureau's senior leadership, including the Assistant Director for Legislative Affairs and...
Testimony of Richard Cordray at the US Senate Committee on Banking, Housing, and Urban Affairs
The report illustrates the ways we are using the tools Congress has provided us to empower consumers and promote a fair, transparent, and competitive...
Hubert Humphrey’s Remarks for Release of the Senior Designations for Financial Advisers Report and Recommendations
Over the past year, my office has been reviewing so-called "senior designations." These are credentials financial advisers acquire to imply or indicate that...
Press Call on Senior Certification Report
Older Americans are no exception, and in many cases they are the specific targets of unfair, deceptive and abusive financial practices.
CFPB Report Highlights Problems Older Americans Have With Confusing Financial Advising Industry
The CFPB found that there are more than 50 different senior designations that financial advisers use to indicate that they have advanced training or expertise in the financial needs of older consumers.
Prepared Remarks of Steve Antonakes at the American Bankers Association
Since our inception, the Bureau has enjoyed a productive working relationship with the American Bankers Association and its state member affiliates which I...
Prepared Remarks of Richard Cordray at the Federal Reserve Bank of Chicago VISA, Inc. Financial Literacy and Education Summit
We must start with the importance of fostering broader recognition that educational and informational support in matters of personal finance are essential...
The CFPB Takes Action Against Mortgage Insurers to End Kickbacks to Lenders
The CFPB filed complaints and proposed consent orders against four national mortgage insurance companies in order to stop these practices, which have been...
Press Call on Enforcement Action Against Mortgage Insurers to End Kickbacks to Lenders
Based on our investigation, we believe that the exertion of this pressure led these mortgage insurance companies to funnel many millions of dollars to...
Prepared Remarks of Director Richard Cordray at the Consumer Response Field Hearing
And for a brand-new agency like the Bureau, born out of the recent financial crisis, consumer complaints are an opportunity for us to help consumers in...
CFPB Releases Largest Collection of Federal Consumer Financial Complaint Data
The database allows the public to see what consumers complained about and why, as well as how and when the company in question responds.
Prepared Remarks of Director Richard Cordray at the National Community Reinvestment Coalition Annual Conference
Because of what you do every day – fighting to improve the lives of the nation’s most vulnerable and underserved consumers – you are my personal heroes and you set an important example for everyone at the Consumer Financial Protection Bureau.
CFPB Finalizes Credit CARD Act Rule
Today's final rule is in response to a federal court ruling last year that had granted a preliminary injunction to block a part of the Board's 2011 rule...