Newsroom

You might see enticing images of youthful retirees on the golf course or enjoying other leisure activities in a reverse mortgage advertisement. We looked closely at many ads and found incomplete and inaccurate statements used to describe the loans. Reverse mortgage ads don’t always tell the whole story, so consider these facts when you see advertisements.

Thank you all for joining us today for the release of our study on reverse mortgage advertisements. Right now, we are experiencing the greying of America...

Today CFPB Director Richard Cordray issued a decision in the first appeal of a Bureau administrative enforcement proceeding...

RPM CEO Erwin Robert Hirt to Pay Additional $1 Million Civil Penalty Today, the Bureau filed a complaint in federal district court against RPM Mortgage...

CFPB Issues Advisory Warning Consumers Not To Be Deceived Today the Bureau released results of a focus group study on reverse mortgage advertisements that...

Thank you all for joining us today as we announce the launch of our ROADS to Financial Independence initiative. A large part of our work at the Bureau...

ROADS to Financial Independence Initiative Will Pilot in Six Communities Nationwide Today, the Bureau is announcing the launch of the Reach Outcomes...

Court Enters Judgment Against the Hoffman Law Group and Affiliates for Deceiving Consumers and Collecting Illegal Advance Fees; Individuals Involved to...

Harmed African-American and Hispanic Borrowers Will Receive $9 Million Today, the Bureau and the Department of Justice (DOJ) filed a joint complaint against...

Let me thank everyone here today for your efforts to bring financial literacy to consumers. The work our agencies do to ensure consumers can become more...

Thank you for joining us today to announce the launch of our Financial Coaching Initiative. The Bureau is offering coaching support to veterans and...

Program Targets Transitioning Veterans and Economically Vulnerable Consumers Today the Bureau is launching its Financial Coaching Initiative, targeting...

Thank you for joining us on this call. Today, the Bureau is filing a complaint and a proposed consent order against PayPal for illegally signing up and...

PayPal to Refund $15 Million to Consumers and Pay $10 Million Fine Today the Bureau filed a complaint and proposed consent order in federal court against...

Crossposted from the Milwaukee Journal Sentinel. This opinion editorial originally ran on May 14, 2015 online. As millions of students and their families...

Thank you all for joining us today in Milwaukee. Plato once said, "The direction in which education starts a man will determine his future life." More...

Bureau Seeks Information On Industry Practices That Can Create Student Debt Stress Today the Bureau is launching a public inquiry into student loan...

Over one-third of the complaints that older consumers submit to us are related to debt collection. In some of these complaints, consumers told us that debt collectors threatened to garnish their benefits from Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), and VA benefits, even though these funds usually can’t be garnished. Here’s important information about how these benefits are protected from garnishment.

Thank you for joining us today. It is notable that we are amongst the nation's attorneys general to announce an action that has required quite a bit of...

Thank you for having me join you today. My work with realtors dates back to 1992, when I was serving in the Ohio House of Representatives. The Ohio...

Companies Will Also Pay $38 Million in Fines for Unauthorized Charges on Customers' Mobile Bills Today, the Bureau filed proposed orders in federal courts...

Bureau Issues Bulletin on Fair Lending Practices Today, the Bureau is issuing a bulletin to help mortgage lenders avoid illegal discrimination against...

Consumers Paid $49 Million in Fees for Deceptive Mortgage Payment Program Today the Bureau filed a lawsuit in federal district court against Nationwide...

Thank you all for joining this public session of the annual meeting of our Academic Research Council. It is impressive to see so many people here this...

Bureau Also Finds That Black and Hispanic Consumers Are More Likely to Have a Limited Credit Record Today the Bureau published a report finding that 26...