Newsroom | Consumer Financial Protection Bureau

Speech

Published JUL 23, 2014

Prepared Remarks of CFPB Deputy Director Steve Antonakes on the MARS Enforcement Action Press Call

Thank you for joining us on the call today and my thanks to Katie Fallow at the FTC for her and her staff's hard work on this issue. Today, both the Bureau...

By Richard Cordray

Press release

Published JUL 11, 2014

Consumer Financial Protection Bureau Issues Guidance Regarding Brokers Shifting To “Mini-Correspondent” Model

Today, the Bureau is issuing guidance regarding mortgage brokers transitioning to a "mini-correspondent" lender model. The CFPB is concerned that some...

Press release

Published JUL 08, 2014

CFPB Clarifies Mortgage Lending Rules to Assist Surviving Family Members

Today, the Bureau is issuing an interpretive rule to clarify that when a borrower dies, the name of the borrower's heir generally may be added to the...

Speech

Published JUN 18, 2014

Prepared Remarks of CFPB Deputy Director Steve Antonakes at the Consumer Advisory Board Meeting

I would like to thank Dr. Maria Sheehan, President of Truckee Meadows Community College for having us here today. And thank you all for coming to this...

By Steve Antonakes

Testimony

Published JUN 18, 2014

Written Testimony of CFPB Director Richard Cordray Before the House Committee on Financial Services

Chairman Hensarling, Ranking Member Waters, and Members of the Committee, thank you for inviting me to testify today about the Semi-Annual Report of the...

By Richard Cordray

Press release

Published JUN 17, 2014

CFPB, Federal Partners, and State Attorneys General File Order Requiring SunTrust to Provide $540 Million in Relief to Homeowners for Servicing Wrongs

Today, the Bureau, Department of Justice (DOJ), Department of Housing and Urban Development (HUD), and attorneys general in 49 states and the District of...

Press release

Published JUN 12, 2014

CFPB Takes Action Against Illegal Mortgage Referrals

Bureau Orders New Jersey Title Company to Pay $30,000 for Illegal Kickback Scheme Today, the Bureau ordered a New Jersey company, Stonebridge Title Services...

Testimony

Published JUN 09, 2014

Written Testimony of CFPB Director Richard Cordray Before the Senate Committee on Banking, Housing and Urban Affairs

The Bureau is the nation's first federal agency with the sole focus of protecting consumers in the financial marketplace. Financial products like mortgages...

By Richard Cordray

Press release

Published MAY 28, 2014

CFPB Takes Action Against RealtySouth for Mortgage Disclosure Violations

Today the Bureau ordered RealtySouth, the largest real estate firm in Alabama, to pay $500,000 for inadequate disclosures that could leave consumers unaware...

Speech

Published MAY 19, 2014

Director Cordray Remarks at the 2014 Boulder Summer Conference on Consumer Financial Decision Making

Thank you for having me here today. I am very pleased to be able to join so many experts in consumer finance, a field whose interdisciplinary nature...

By Richard Cordray

Speech

Published MAY 09, 2014

Prepared Remarks of CFPB Director Richard Cordray at the Federal Reserve Bank of Chicago

I am glad to be with you today and to have the chance to reflect further on some of the changes that have followed the most damaging and frightening...

By Richard Cordray

Press release

Published MAY 07, 2014

CFPB Spotlights Mortgage Debt Challenges Faced By Older Americans

CFPB Issues Advisory about Managing Mortgage Debt in Retirement Today, the Bureau released a snapshot report spotlighting the mortgage debt challenges faced...

Press release

Published APR 30, 2014

CFPB Proposes Minor Changes to Mortgage Rules to Ensure Access to Credit

Proposal Would Assist Nonprofits and Allow for Refunds of Excess Points and Fees for Qualified Mortgages Today, the Bureau is proposing minor adjustments to...

Speech

Published APR 23, 2014

Prepared Remarks of CFPB Director Richard Cordray at the Mortgage Closing Forum

Thank you all for joining us today. We have convened this forum to discuss one of the most significant, yet stressful times in the lives of consumers –...

By Richard Cordray

Press release

Published APR 23, 2014

CFPB Report Highlights Pain Points for Consumers in Mortgage Closing Process

The Consumer Financial Protection Bureau (CFPB) published a report which finds that many consumers are frustrated by the short amount of time they have to review a large stack of complex closing documents when finalizing a mortgage.

Press release

Published MAR 24, 2014

Agencies Issue Proposed Rule on Minimum Requirements for Appraisal Management Companies

Six agencies today issued a proposed rule that would implement minimum requirements for state registration and supervision of appraisal management companies...

Speech

Published MAR 19, 2014

CFPB Deputy Director Steve Antonakes Remarks at the U.S. Chamber of Commerce

Thank you for inviting me today to speak with you. The Bureau and the U.S. Chamber of Commerce have many areas where we can and should be working together...

By Steve Antonakes

Speech

Published MAR 18, 2014

Prepared Remarks of CFPB Director Richard Cordray at the National Association of State Treasurers

Thank you Treasurer Schmidt, and thank you all for having me here today. Working as a local and state treasurer in Ohio taught me the importance of consumer...

By Richard Cordray

Speech

Published MAR 12, 2014

Deputy Director Steve Antonakes Remarks at the National Community Reinvestment Coalition Annual Conference

Good afternoon. It is a pleasure to be here and have the opportunity to speak at NCRC's Annual Conference. The Bureau has benefited from its strong working...

By Steve Antonakes

Speech

Published MAR 03, 2014

Prepared Remarks of CFPB Deputy Director Steve Antonakes at Protecting Nevada’s Consumers: A Common Ground Conference

Good morning. It is my pleasure to be with you at this Common Ground Conference. I would like to thank Attorney General Masto for hosting this important...

By Steve Antonakes

Speech

Published FEB 27, 2014

Prepared Remarks of Deputy Director Antonakes at the Federal Reserve Bank of Atlanta 2014 Banking Outlook Conference

Good morning. It is my pleasure to have the opportunity to be with you today at the Federal Reserve Bank of Atlanta's 2014 Banking Outlook Conference. I...

By Steve Antonakes

Speech

Published FEB 26, 2014

Prepared Remarks of CFPB Director Richard Cordray at the National Association of Attorneys General

Thank you for having me back again this year. I am glad to say that I now stand before you as the undisputed Director of the Bureau, having been confirmed...

By Richard Cordray

Press release

Published FEB 24, 2014

CFPB Takes Action Against Mortgage Lender for Illegal Payments

Today, the Bureau ordered a Connecticut mortgage lender, 1st Alliance Lending, LLC (First Alliance), to pay an $83,000 civil money penalty for violating...

Speech

Published FEB 19, 2014

Deputy Director Steven Antonakes Remarks at the Mortgage Bankers Association

Prepared Remarks of Steven Antonakes Deputy Director of the Bureau Mortgage Bankers Association Orlando, Florida February 19, 2014 Good afternoon. Thank you...

By Steve Antonakes

Press release

Published FEB 07, 2014

CFPB Takes Steps to Improve Information About Access to Credit in the Mortgage Market

Today, the Bureau is taking steps to improve information reported about the residential mortgage market to help better understand borrowers' access to...