CFPB Statement On Department Of Defense Military Lending Act Final Rule
Today, the U.S. Department of Defense issued a final rule expanding the types of credit products that are covered by the 36-percent rate cap and other...
Newsroom
CFPB Orders Citibank to Pay $700 Million in Consumer Relief for Illegal Credit Card Practices
Millions of Consumers Harmed by Bank's Deceptive Marketing and Unfair Billing of Credit Card Add-On Products and Services, and Other Unlawful Practices The...
CFPB Cautions Military Lenders Against Illegal Military Allotment Practices
Bureau Puts Companies On Notice After Defense Department Rules Take Effect The Bureau sent letters this month to several companies that sell retail goods to...
Prepared Remarks of CFPB Director Richard Cordray at the Americans for Financial Reform Event on CFPB Anniversary
Thank you Ed for that kind introduction, and for all you do on behalf of consumers through your roles with the Public Interest Research Group and Americans...
CFPB Launches Its First-Ever Monthly Complaint Snapshot to Spotlight Consumer Trends
Report Includes In-Depth Look at Debt Collection Complaints and Complaints from Milwaukee, Wis. Today the Bureau launched the first in a new series of...
Written Testimony of CFPB Director Richard Cordray Before the Senate Committee on Banking, Housing, and Urban Affairs
Chairman Shelby, Ranking Member Brown, and Members of the Committee – thank you for the opportunity to testify today about our latest Semi-Annual Report to...
CFPB and DOJ Reach Resolution with Honda to Address Discriminatory Auto Loan Pricing
African-American, Hispanic, and Asian and Pacific Islander Borrowers Will Receive $24 Million.
Prepared Remarks of CFPB Director Richard Cordray at the White House Conference on Aging
The Bureau is working hard to make financial markets work better on behalf of 320 million American consumers. In particular, our new agency specifically...
Statement by CFPB Director Richard Cordray on GAO Workplace Financial Literacy Report
This week, the GAO released a report on financial literacy in the workplace, which summarized a forum of employers, federal government agencies, and...
CFPB Outlines Guiding Principles for Faster Payment Networks
CFPB Wants to Ensure Consumer Protections Are Built Into New Payment Systems From Outset Today the Bureau outlined guiding principles for protecting...
CFPB, 47 States and D.C. Take Action Against JPMorgan Chase for Selling Bad Credit Card Debt and Robo-Signing Court Documents
Chase Ordered to Overhaul Debt Sales and Halt Collections on 528,000 Consumers' Accounts Today the Bureau and Attorneys General in 47 states and the...
Prepared Remarks of CFPB Director Richard Cordray on the JPMorgan Chase Debt Collection Enforcement Action Press Call
Thank you for joining this call. Today the Bureau is teaming up with our state partners across the country to take action against JPMorgan Chase for selling...
CFPB Report Finds Servicemembers Continue To Face Roadblocks From Student Loan Servicers
Servicers Still Failing to Provide Legal Protections to Military Borrowers Today the Bureau released a report outlining the continued challenges faced by...
CFPB Takes Action Against Companies For Unfair Billing Of Credit Card Add-On Products And Services
Consumers Billed for Credit Reporting and Identity Theft Protection Benefits They Did Not Receive Today the Bureau took action against two credit card...
CFPB Publishes Over 7,700 Consumer Complaint Narratives About Financial Companies
Over Half of Consumers Filing Complaints Online Opt In to Share Their Experiences Via the CFPB's Public Complaint Database Today the Bureau goes live with...
CFPB Proposes Two-Month Extension of Know Before You Owe Mortgage Rule
Proposal Open for Public Comment Until July 7th The Bureau today issued a proposed amendment to the Know Before You Owe mortgage disclosure rule, which...
CFPB Identifies Illegal Practices Uncovered Through Supervision
Supervisory Resolutions Across Industries Recover $11.6 Million for More Than 80,000 Consumers Today the Bureau released its latest supervision report...
CFPB Finds 90 Percent of Private Student Loan Borrowers Who Applied for Co-Signer Release Were Rejected
Industry Inquiry Reveals Problems for Consumers Seeking to Prevent Auto-Defaults Today the Bureau Student Loan Ombudsman released a report finding high...
CFPB Takes Action Against Medical Debt Collector
Company Mishandled Consumer Credit Reporting Disputes, Prevented Consumers From Exercising Debt Collection Rights Today, the Bureau announced an enforcement...
Prepared Remarks of CFPB Director Richard Cordray at the Consumer Advisory Board Meeting
I would like to thank the community here in Omaha for hosting us so warmly, especially the "hometown" member of our Consumer Advisory Board, Laura Castro de...
CFPB Takes Action Against Servicemember Auto Lender for Aggressive Debt Collection Tactics
Auto Loan Company Misled Servicemembers About Consequences of Nonpayment Today the Bureau sued an auto loan company, Security National Automotive Acceptance...
Statement by CFPB Director Richard Cordray on Know Before You Owe Mortgage Disclosure Rule
Today, CFPB Director Richard Cordray issued the following statement on the Know Before You Owe mortgage disclosure rule:...
CFPB to Oversee Nonbank Auto Finance Companies
Bureau Publishes Exam Procedures for Supervised Companies in $900 Billion Market.
Agencies Issue Final Standards for Assessing Diversity Policies and Practices of Regulated Entities
Joint Release: Board of Governors of the Federal Reserve System CFPB Federal Deposit Insurance Corporation National Credit...
CFPB Takes Action Against Guarantee Mortgage For Loan Originator Compensation Violations
Lender Ordered to Pay $228,000 Civil Penalty Today, the Bureau ordered a California mortgage bank, Guarantee Mortgage Corporation, to pay a civil penalty of...