CFPB Helping Fix Mortgage Industry
That is why we are taking action on the mortgage servicing front to help consumers as quickly as possible.
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Holly Petraeus Statement on the Servicemember Protections in the Mortgage Servicing Settlement
"The provisions relating to the Servicemembers Civil Relief Act (SCRA) in this agreement will help ensure that members of the military won't be denied...
CFPB Director Richard Cordray Statement on the Mortgage Servicing Settlement
The settlement will provide $25 billion in financial relief to distressed homeowners and establish new servicer standards of conduct.
Prepared Remarks by Peggy L. Twohig at the NMLS Users Conference
Today, I will spend most of my time providing an update on where we stand in developing our bank and nonbank supervision programs.
Testimony of Richard Cordray Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs
I said that I would always welcome your thoughts about our work. I stand by that commitment. I am pleased to be here with you today to tell you about our...
Federal and State Officials Announce New Law Enforcement Partnership to Protect Military Community
The Repeat Offenders Against Military (ROAM) Database will track completed enforcement actions against companies and individuals who repeatedly scam...
Testimony of Richard Cordray before the Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs
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...
Consumer Financial Protection Bureau, Federal Trade Commission pledge to work together to protect consumers
"Entering this agreement with the FTC is important to making sure markets for consumer financial products are getting efficient and effective federal...
Remarks by Hollister K. Petraeus at For-Profit College Forum
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...
CFPB Adopts Rule to Protect Consumers Sending Money Internationally
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...
CFPB Examines Payday Lending
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...
Remarks by Richard Cordray at the Payday Loan Field Hearing in Birmingham, AL
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...
Remarks by Richard Cordray at the U.S. Conference of Mayors
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...
CFPB Convenes Field Hearing in Birmingham, Alabama on Payday Lending
Last week, under the new leadership of Director Richard Cordray, the CFPB launched the nation's first federal nonbank supervision program with the authority...
Remarks by CFPB Director Richard Cordray at FDIC Board Meeting
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...
CFPB Releases Mortgage Origination Examination Procedures
These procedures are a field guide for CFPB examiners looking at mortgage originators in both the bank and nonbank sectors of the industry.
Raj Date Named Deputy Director of the Consumer Financial Protection Bureau
CFPB Director Richard Cordray today named Raj Date the agency's first Deputy Director. Date has been leading the day-to-day...
CFPB Launches Nonbank Supervision Program
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.
Remarks by Richard Cordray at The Brookings Institution
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.
CFPB Begins Taking Whistleblower Tips
The CFPB is welcoming information about potential violators from current or former employees, contractors, vendors, and competitor companies. The Dodd-Frank...
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...
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...
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...
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...
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.