CFPB Report Examines Differences Between Credit Scores Consumers and Lenders Receive
"One way consumers have tried to empower themselves is by knowing their credit scores. We are assessing whether purchasing a credit score provides a...
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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...
Testimony of Kelly Thompson Cochran Before the Subcommittee on Insurance, Housing, and Community Opportunity
The amendments require the CFPB to publish a single, integrated model disclosure for mortgage loan transactions that includes disclosure requirements of...
Statement by Holly Petraeus to the forum, Fighting on the Homefront: Wrongful Foreclosures Against Military Families
Congress, in creating the OSA, recognized that protecting our servicemembers from suffering financial repercussions for answering the call to service is not...
Testimony of Raj Date Before the Subcommittee on Financial Institutions and Consumer Credit and the Subcommittee on Oversight and Investigations
The Bureau will work to promote fairness, transparency, and competition in the markets for mortgages, credit cards, and other consumer financial products...
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...
CFPB Announces Initiative to Combine Mortgage Loan Disclosures
The Bureau today announced the Know Before You Owe project, an effort to combine two federally required mortgage disclosures into a single, simpler form...
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 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...
Joanne Alter Women in Government Lecture
It is an honor to be here to commemorate Joanne Alter, whose commitment to meaningful change – both inside and outside of government, despite all odds –...
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...
Testimony of Holly Petraeus before the House Committee on Veterans Affairs
The Dodd-Frank Act authorizes the OSA to work in partnership with the Pentagon to see that military personnel and their families receive strong financial...
Federal Consumer Agency to Partner with State Regulators on Supervision of Providers of Consumer Financial Products and Services, Including Mortgage Lenders, Private Student Lenders and Payday Lenders
The CFPB announces an effort to partner with state regulators in order to better oversee mortgage lenders.
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...
Main Street First: Fixing Broken Markets and Rebuilding the Middle Class
I am also glad to help set this new agency on the path to strengthen the economic health of American families.
Standing Up the Consumer Financial Protection Bureau
I'm focused on three priorities: reforming the reams of paperwork involved in signing a home mortgage, moving to a short, easy-to-understand credit card...
It’s Time To Simplify Financial Regulation
The very early feedback I’ve received indicates that the industry is eager for simplification.
A New Approach to the Regulation of Consumer Credit
For the first time ever, both banks AND non-bank lenders will be subject to federal examination to ensure that they are all playing by the same rules.
Fighting to Protect Consumers
President Obama understands the importance of leveling the playing field again for families and creating protections that work not just for the wealthy or...