CFPB Debuts Spanish Language Website
The website, which is optimized for mobile use, provides access to essential consumer resources such as how to submit a consumer complaint and answers to...
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La Oficina para la Protección Financiera del Consumidor lanza un sitio web en español
El sitio web, la cual est‡ optimizada para el uso m—vil, proporciona informaci—n esencial acerca de c—mo presentar una queja sobre un producto o servicio...
Director Richard Cordray Remarks at the Consumer Advisory Board Meeting in Los Angeles
Today, I will focus on our crucial task of connecting with consumers, which we must do well in order to help them properly. In particular, it is important...
Director Richard Cordray at the National Association of Realtors
Over time, we have come to a fuller understanding of how rampant underwriting deficiencies eventually brought about the credit crunch, the financial...
Student Debt Domino Effect?
While many in Washington are focused on what loans look like for future borrowers, there may be a domino effect on the broader economy if we ignore...
CFPB Report Highlights Student Debt as a Roadblock to Opportunity for Consumers
Report warns of the potential domino effects on the economy of high student debt. It also identifies policy and market-based solutions based on the public’s comments that would help borrowers manage their private student loan burden.
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...
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...