Newsroom

Our efforts reflect concern about access to credit and do not reflect a one-sided perspective to maximize consumer protection or industry deterrence at all costs. There is such a thing as doing too little, and there is such a thing as doing too much. We are aiming instead at doing justice.

The Bureau today finalized minor adjustments to its mortgage rules to ensure access to credit. The adjustments, which were proposed in April, include two...

The Bureau today finalized a rule to promote more effective privacy disclosures from financial institutions to their customers. The new rule, which was...

Today, the Bureau Student Loan Ombudsman released a report highlighting complaints by struggling private student loan borrowers who describe being driven...

My speech today is intended as an incremental contribution to the year-long conversation on civil and human rights that Michigan State University has...

M&T to Refund $2.9 Million to Approximately 59,000 Account Holders Who Paid Fees for Free Checking Today the Bureau took action against M&T Bank for...

Thank you for joining our forum to explore how consumers are affected by checking account screening policies and practices. Today we will look at how these...

The Federal Deposit Insurance Corporation (FDIC) and CFPB today launched a Spanish-language version of Money Smart for Older...

Good morning! I want to start by asking you all to welcome the newest member of my senior team, Janneke Ratcliffe. Janneke joined the Consumer Bureau on...

Today, the Bureau announced a Project Catalyst research pilot to explore ways to encourage saving among consumers at tax time. The pilot will focus in...

Bureau Orders Michigan Title Insurance Agency to Pay $200,000 Today, the Bureau ordered Lighthouse Title, a Michigan title insurance agency, to pay $200,000...

Bureau Finds that Manufactured-Home Owners are More Likely to be Older or to Have Lower Net Worth The Bureau released a report which found that...

Thank you. Over the years, financial education has become a passion that I have pursued at the local, state, and now federal levels. It is a joy and a...

Today the Bureau is taking its first enforcement action under the Bureau's new mortgage servicing rules. We are entering an order against Michigan-based...

Today the Bureau took action against Michigan-based Flagstar Bank for violating the CFPB's new mortgage servicing rules by illegally blocking borrowers'...

Today, the U.S. Department of Defense issued a proposal that would expand the types of credit products that are covered by the 36-percent rate cap and other...

Approximately 420,000 Consumers Unfairly Charged for Identity Protection "Add-On" Products to Receive Full Refunds Today, the Bureau is ordering U.S. Bank...

Today, the Bureau announced a Project Catalyst research pilot to examine the effectiveness of early intervention credit counseling for consumers who are at...

Thank you. Student loan debt is one of the most significant burdens facing our young people, and it certainly hits close to home for a growing number of...

The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 7,190 U.S...

Thank you all for joining us today, and allow me to recognize Chair Tedesco, the Commissioner of the Financial Consumer Agency of Canada, who is here, as...

Thank you for joining us. Today, the Bureau is announcing an enforcement action against an online payday lender, the Hydra Group, which we believe has been...

Bureau Supervision Uncovers Auto-Lending Discrimination at Banks and Obtains $56 Million for Harmed Consumers.

The Hydra Group Uses Phony Payday Loans to Illegally Access Consumer Bank Accounts Today, the Bureau announced its action to halt the operations of an...

Today we are taking a public enforcement action against Corinthian Colleges, a for-profit chain of colleges, to put an end to its illegal predatory lending...