Newsroom
Moreover, we need and want to hear from you. At every stage, I believe that input from Congress will help improve our work and our ability to deliver real...
By
Richard Cordray
"Entering this agreement with the FTC is important to making sure markets for consumer financial products are getting efficient and effective federal...
Servicemembers, veterans and their families are eager to earn college degrees. And there is an increasing effort by for-profit colleges to enroll them, due...
By
Holly Petraeus
Under the new rule, remittance transfer providers will generally be required to disclose the exchange rate and all fees associated with a transfer so that...
The hearing coincides with the publication of the Bureau's Short-Term, Small-Dollar Lending Procedures – a field guide CFPB examiners will use to make sure...
Payday loans are short-term, high-cost loans made in exchange for a commitment to repayment from the person's next paycheck. According to reports from the...
By
Richard Cordray
When honest businesses prosper, your communities flourish. And when communities flourish, America's economy can thrive in ways that are felt by all of our...
By
Richard Cordray
Last week, under the new leadership of Director Richard Cordray, the CFPB launched the nation's first federal nonbank supervision program with the authority...
Like the FDIC, the CFPB was created in reaction to a crisis in the American financial system to correct market failures that harmed an overwhelming number...
By
Richard Cordray
These procedures are a field guide for CFPB examiners looking at mortgage originators in both the bank and nonbank sectors of the industry.
CFPB Director Richard Cordray today named Raj Date the agency's first Deputy Director. Date has been leading the day-to-day...
This will be an extension of the CFPB’s bank supervision program that began last July and will ensure that banks and nonbanks follow federal consumer financial laws.
I am honored to serve as the first Director of the Bureau and to work with the talented and committed team we are building there.
By
Richard Cordray
The CFPB is welcoming information about potential violators from current or former employees, contractors, vendors, and competitor companies. The Dodd-Frank...
Some of the specific challenges they raised include the underreporting of fraudulent and other abusive practices, the need for more robust centralized...
By
Skip Humphrey
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...
By
Raj Date
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...
"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...
I’d like to thank everyone at the CFA for your leadership and extraordinary work on consumer financial reform on behalf of ordinary Americans.
By
Raj Date
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...
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...
Under section 1025 of Dodd-Frank, the Bureau has exclusive authority to examine for compliance with federal consumer financial laws and primary authority to...
Private student loans are financial products used for higher education that are not originated through the federal student loan program. Many students...
The CFPB today announced the hiring of eight experts for key senior leadership positions within the agency.
Now I look forward to putting these past experiences to good use in helping our nation’s senior consumers in the financial marketplace.
By
Skip Humphrey
