CFPB Seeks Public Input on Mortgage Lending Information Resubmission Guidelines
The Bureau today announced it is seeking public feedback on the resubmission of mortgage lending data reported under the Home Mortgage Disclosure Act...
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David Silberman Named Acting Deputy Director of the CFPB
The Bureau today announced that David Silberman will serve as Acting Deputy Director beginning next week, replacing Meredith Fuchs. Silberman currently...
CFPB Takes Action to Stop Illegal Debt Collection Lawsuit Mill
Order Would Bar Georgia Law Firm from Churning Out Illegal Collections Lawsuits and Require $3.1 Million Penalty Today, the Bureau filed a proposed consent...
CFPB Monthly Complaint Snapshot Examines Money Transfer Complaints
Report Also Includes In-Depth Look at Consumer Complaints from Georgia Today, the Bureau released its latest monthly consumer complaint snapshot...
CFPB Announces Two Annual Threshold Adjustments
HMDA Asset-Size Exemption Threshold Unchanged at $44 Million; Higher-Priced Mortgage Loan Escrow Account Exemption Threshold Declines to $2.052 Billion The...
CFPB Takes Action Against Lead Aggregators for Online Trafficking of Personal Information
T3Leads and Lead Publisher Exposed Consumers to Harassment and Deceit The Bureau today took separate actions against a company and an individual that resold...
CFPB Orders CarHop to Pay $6.4 Million Penalty for Jeopardizing Consumers’ Credit
One of Nation's Biggest "Buy-Here, Pay-Here" Auto Dealers Provided Inaccurate Credit Information Today the Bureau is taking action against CarHop, one of...
CFPB Warns Colleges About Secret Campus Credit Card Contracts
Bureau Also Releases Safe Student Account Toolkit to Help Colleges Avoid Promoting Prepaid and Debit Products with Surprise Fees Today, the Bureau sent...
CFPB Orders EZCORP to Pay $10 Million for Illegal Debt Collection Tactics
Bureau Issues Industry-Wide Warning On Home, Workplace Debt Collection Risks The Bureau today took action against EZCORP, Inc., a small-dollar lender, for...
CFPB Announces New General Counsel
The Bureau today announced that Mary McLeod will join the Bureau as General Counsel, upon the departure of current General Counsel and Acting Deputy...
CFPB Releases Tool to Help Measure Financial Well-Being
Resource Will Provide Questions Financial Educators Can Use to Assess the Financial Wellness of Consumers Today the Bureau is releasing a tool to measure...
Written Testimony of CFPB Director Richard Cordray Before the House Financial Services Committee
Chairman Hensarling, Ranking Member Waters, and Members of the Committee, thank you for the opportunity to testify today. I am glad to work with you to...
CFPB Takes Action Against Debt Collector for Pursuing Disputed and Unverified Cellphone Debts
EOS to Pay More than $2.5 Million in Refunds and Penalties Today the Bureau filed a federal complaint against EOS CCA (EOS), a Massachusetts debt collection...
Prepared Remarks of CFPB Director Richard Cordray at the Consumer Federation of America
Let me say to the Consumer Federation of America, thank you for inviting me today. For more than 50 years, you have been doing great work on behalf of...
CFPB Orders Subprime Credit Reporting Company and Owner to Pay $8 Million Penalty for Illegal Practices
Company Mishandled Consumer Reports, Failed to Investigate Consumer Disputes Today, the Bureau took action against a nationwide credit reporting company...
CFPB Finds CARD Act Helped Consumers Avoid More Than $16 Billion in Gotcha Credit Card Fees
Concerns Remain About Other Back-End Practices Such As Deferred-Interest Promotions The Bureau today released a report detailing how the Credit Card...
Agencies Announce Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans
The Bureau, Federal Reserve Board, and Office of the Comptroller of the Currency (OCC) today announced that the threshold for exempting loans from special...
Agencies Announce Dollar Thresholds in Regulations Z and M for Exempt Consumer Credit and Lease Transactions
The Federal Reserve Board and the Bureau today announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that...
CFPB Monthly Complaint Snapshot Examines Bank Account and Service Complaints
Report Also Includes In-Depth Look at Consumer Complaints from Connecticut Today, the Bureau released its latest monthly consumer complaint snapshot...
CFPB Alerts Companies About Obtaining Consumer Authorization For Recurring Auto Debits
Bureau Publishes Action Letters for Consumers Seeking to Stop Auto Debits Today, the Bureau issued a bulletin alerting companies that they must obtain...
CFPB Takes Action Against Online Lender for Deceiving Borrowers
Bureau Alleges Integrity Advance Misrepresented the Cost of Loans, Seeks Redress for Borrowers The Bureau took action today against an online lender...
Prepared Remarks of CFPB Director Richard Cordray at the Financial Literacy and Education Commission Meeting
Thank you. It is really helpful for us to spend some time at this meeting talking about long-term savings and investing. We all know these are key building...
Prepared Remarks of CFPB Director Richard Cordray on Retirement Planning at the Brookings Institution
This year marks the 80th anniversary of the Social Security Act. As Franklin Roosevelt said in 1934, "Old age is at once the most certain, and for many...
CFPB Releases “Planning for Retirement” Tool to Help Consumers Decide When to Claim Social Security
CFPB Report Shows Many Consumers Base Critical Claiming Decision on Limited Information Today the Bureau released "Planning for Retirement," an interactive...
Prepared Remarks of CFPB Director Richard Cordray at the American Bankers Association Annual Convention
It is a pleasure to be back at the American Bankers Association. Before I begin, I would like to take a moment to congratulate Governor Keating for his...