Newsroom

Consumers Deceived by "Equity Accelerator" Claims to Receive $33.4 Million The Bureau took action today against Paymap Inc. and LoanCare, LLC for deceiving...

The Bureau today issued a final rule moving the effective date of the Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated...

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...

Today, CFPB Director Richard Cordray issued the following statement on the Know Before You Owe mortgage disclosure rule:...

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...

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...

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...

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...

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

Joint Release: Office of the Comptroller of the Currency Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Consumer...

Loan Officers and Former Title Company Executives Who Traded Cash and Marketing Services for Illegal Referrals Will Be Banned, Pay Redress and Penalties...

Green Tree to Pay $48 Million in Borrower Restitution and $15 Million Fine for Servicing Failures WASHINGTON, D.C.– Today, the Bureau and the Federal Trade...

Bureau Orders RMK Financial to Pay $250,000 for Deceiving Borrowers with Claims of Government Affiliation Today the Bureau took action against RMK Financial...

"Your Home Loan Toolkit" Will Help Consumers Be Informed Mortgage Shoppers The Bureau today released a new toolkit that guides consumers through the process...

The Bureau does not have a safety and soundness mandate. Nevertheless, we very much care about the financial health of banks and nonbanks. As a veteran of...

CFPB Sues Mortgage Lender for False Reverse Mortgage Ads; Orders Others to End Deceptive Advertising Today the Bureau is taking action against three...

Lender to Pay $2 Million Civil Penalty for Illegal Conduct Today, the Bureau took action against NewDay Financial, LLC for deceptive mortgage advertising...

CFPB Issues Advisory Offering Tips to Borrowers on Protecting Family Members Today the Bureau released a report highlighting the top complaints for reverse...

Proposal Would Extend Provisions to Cover More Community Banks, Credit Unions, and Other Creditors The Bureau today proposed several changes to its mortgage...

Banks to Pay $35.7 Million After Loan Officers Illegally Traded Referrals for Cash and Marketing Services Today, the Bureau and the Maryland Attorney...