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...
Newsroom
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...
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.
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.
CFPB Seeks Input on Streamlining Inherited Regulations
The Notice and Request for Information issued by the CFPB asks the public to identify provisions of the inherited regulations that the agency should make...
Testimony of Raj Date: The First 100 Days
Our mission at the CFPB is to help consumer financial markets work by making rules more effective, by consistently and fairly enforcing those rules, and by...
Remarks by Raj Date at the Mortgage Bankers Association’s 98th Annual Conference
That means, for example, that when it comes to the mortgage market, we will be able to ensure that brokers, originators, and servicers play by the same...
Raj Date Statement on the Importance of Checking Account Transparency
The problem is that checking accounts often come with a wide variety of unexpected costs that can quickly add up for consumers.
CFPB Ready to Help Consumers on Day One
The Bureau hit the ground running this week, launching functions and issuing a variety of required rules and reports that represent important steps in...
CFPB Releases Report On Issues Facing Users of International Money Transfers
A report released today by the Bureau recommends principles for maximizing consumers' ability to receive and use exchange rate information when making...
Testimony of Elizabeth Warren Before the Committee on Oversight and Government Reform
At each of those appearances, we provided detailed written testimony on our efforts to establish the CFPB. Today, I welcome this opportunity to testify...
Consumer Financial Protection Bureau Outlines Bank Supervision Approach
The consumer agency will conduct examinations to help ensure that consumer financial practices at large banks conform with consumer financial protection...
Testimony of Elizabeth Warren Before the Subcommittee on TARP, Financial Services, and Bailouts of Public and Private Programs
I came to Capitol Hill on many occasions to testify on behalf of the COP about our oversight efforts. Based on that experience working on behalf of...
Remarks to the National Association of Attorneys General Presidential Initiative Summit
Rich usually heads in smart directions, so I thought I'd follow his lead and pick up where he left off by discussing in greater detail how the CFPB can...
Remarks to the Society of American Business Editors and Writers
For the past six months, I've been hard at work setting up the new CFPB. Accountability has been an integral part of my job...
Remarks to U.S. Chamber of Commerce Fifth Annual Capital Markets Summit
But I do not consider myself in hostile territory right now because I believe we share a point of principle: Competitive markets are good for consumers and...
Remarks to the Independent Community Bankers of America
You have made it clear that community banks strive to build their businesses around serving their customers in open and fair ways.
Testimony of Elizabeth Warren Before the House Financial Services Committee
Today, we are pleased to report that we firmly believe in the importance of making prices clearer, making risks more obvious, and cutting back on the fine...
Building the New Consumer Bureau
The consumer bureau's mission is to make sure consumers have the information they need – upfront, not buried in fine print – to make the best choices about...
Partnering: The Consumer Financial Protection Bureau and State Attorneys General
it is our objective to make sure that markets for consumer financial products and services operate transparently and efficiently to facilitate access and...
Remarks at Credit Union National Association Governmental Affairs Conference
I am committed to building a consumer credit market that works—a market that works for American families, works for the financial services industry, and...
Remarks at Consumers Union’s 75th Anniversary Celebration
It is a great pleasure to be here to celebrate this anniversary and to thank you for all you have done to make markets work for consumers, for lenders that...
Hearing Directly from Our Servicemembers
We’ll ask questions, give out email addresses, and get started on a long-term conversation about money.
Foreclosure Scandal Shows Need for Consumer Agency
The practices now under investigation took root and grew because there was no single federal regulator with both the responsibility and the tools to look out for consumers.
Priorities for the New Consumer Financial Protection Bureau
It has a chance to define clear goals for the agency and a chance to set a direction that is good for families, good for those in the industry who want to...