CFPB Convenes Small Business Panel for Know Before You Owe Mortgage Disclosures
The review panel will solicit feedback from small businesses that make mortgage loans and conduct mortgage closings.
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CFPB Seeks Input on Draft Monthly Mortgage Statement
"This draft statement shows consumers the breakdown of their mortgage payments – what money goes to the loan principal, interest, and fees," said CFPB...
CFPB Helping Fix Mortgage Industry
That is why we are taking action on the mortgage servicing front to help consumers as quickly as possible.
Holly Petraeus Statement on the Servicemember Protections in the Mortgage Servicing Settlement
"The provisions relating to the Servicemembers Civil Relief Act (SCRA) in this agreement will help ensure that members of the military won't be denied...
CFPB Director Richard Cordray Statement on the Mortgage Servicing Settlement
The settlement will provide $25 billion in financial relief to distressed homeowners and establish new servicer standards of conduct.
Prepared Remarks by Peggy L. Twohig at the NMLS Users Conference
Today, I will spend most of my time providing an update on where we stand in developing our bank and nonbank supervision programs.
Testimony of Richard Cordray Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs
I said that I would always welcome your thoughts about our work. I stand by that commitment. I am pleased to be here with you today to tell you about our...
Testimony of Richard Cordray before the Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs
Moreover, we need and want to hear from you. At every stage, I believe that input from Congress will help improve our work and our ability to deliver real...
Remarks by Richard Cordray at the U.S. Conference of Mayors
When honest businesses prosper, your communities flourish. And when communities flourish, America's economy can thrive in ways that are felt by all of our...
CFPB Releases Mortgage Origination Examination Procedures
These procedures are a field guide for CFPB examiners looking at mortgage originators in both the bank and nonbank sectors of the industry.
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.
SIGTARP, CFPB, and Treasury form Joint Task Force to Combat HAMP Mortgage Modification Scams; Release a Consumer Fraud Alert to Protect Homeowners
"The goal of our consumer fraud alert is to empower homeowners with the knowledge of how to recognize and avoid these scams," said Christy Romero, Deputy...
CFPB Aims to Simplify Mortgage Closing Documents
Today, the Bureau announced the second phase of its Know Before You Owe mortgage project, which will combine the two forms consumers get before finalizing a...
Testimony of Hollister K. Petraeus before the Senate Committee on Banking, Housing, and Urban Affairs
Chairman Johnson, Ranking Member Shelby, and distinguished members of the Committee: thank you for the opportunity to speak with you today about the Office...
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...
Consumer Financial Protection Bureau Outlines Mortgage Servicing Examination Strategy
The Mortgage Servicing Examination Procedures released today by the CFPB describe the types of information that the agency's examiners will gather to...
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...
Holly Petraeus Statement on Treasury Action to Help Struggling Military Homeowners
As I travel the country talking to military families, I have heard too many distressing stories of servicemembers who are underwater, but not delinquent, on...
For-Profit Colleges, Vulnerable G.I.’s
We are dedicated to improving the lives of everyday Americans and to restoring trust in consumer financial markets. The Semi-Annual Report we are discussing...
Remarks by Raj Date at American Banker’s Regulatory Symposium
We are here today to discuss the Dodd-Frank Act and its implications for consumers, businesses, and the economy. From my, admittedly biased, perspective...
Lessons Learned from the Financial Crisis: The Need for the CFPB
We are the first agency accountable for making sure that consumer finance markets work for American families. To carry out that mission, the law gives us a...
CFPB Analyzing Financial Products Tailored to Servicemembers
In keeping with this commitment, the CFPB is asking consumers, financial service providers, organizations, and other members of the public to provide...
Testimony of Richard Cordray Before the Committee on Banking, Housing, and Urban Affairs
I am honored to be here today as the nominee for the position of Director of the CFPB.
Testimony of Dan Sokolov Before the House Subcommittee on Investigations, Oversight, and Regulations
Many small businesses today report having difficulty obtaining credit. These difficulties originated in the most severe financial crisis since the Great...