Newsroom | Consumer Financial Protection Bureau

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...

Op-ed

Published JAN 08, 2014

New mortgage rules protect American dream

Crossposted from USAToday.com. This opinion editorial originally ran on January 7, 2014 online and in the print edition on January 8, 2014. Let me tell you...

By Richard Cordray

Speech

Published MAY 14, 2013

Director Richard Cordray at the National Association of Realtors

Over time, we have come to a fuller understanding of how rampant underwriting deficiencies eventually brought about the credit crunch, the financial...

By Richard Cordray

Speech

Published MAR 22, 2013

Prepared Remarks of Director Richard Cordray at the National Community Reinvestment Coalition Annual Conference

Because of what you do every day – fighting to improve the lives of the nation’s most vulnerable and underserved consumers – you are my personal heroes and you set an important example for everyone at the Consumer Financial Protection Bureau.

By Richard Cordray

Testimony

Published MAR 11, 2013

Director Richard Cordray Before the Senate Committee on Banking, Housing, and Urban Affairs

Chairman Johnson, Ranking Member Crapo, and members of the Committee: I am honored to be here once again as the nominee to serve as the Director of the CFPB.

By Richard Cordray

Press release

Published FEB 11, 2013

Consumer Financial Protection Bureau Warns Mortgage Servicers About Legal Protections for Consumers When Transferring Loans

When handing over the processing of loans, mortgage servicers should not lose paperwork, lose track of a homeowner's loss mitigation plans, or hinder a...

Speech

Published JAN 17, 2013

Prepared Remarks of Richard Cordray at a Mortgage Servicing Field Hearing

Today, the Consumer Bureau is announcing new mortgage servicing rules that will help all borrowers, especially those facing foreclosure. Our rules will...

By Richard Cordray

Press release

Published JAN 17, 2013

CFPB Rules Establish Strong Protections for Homeowners Facing Foreclosure

The CFPB's mortgage servicing rules ensure that borrowers in trouble get a fair process to avoid foreclosure. Borrowers shouldn't have to worry about...

Press release

Published AUG 10, 2012

CFPB Proposes Rules to Protect Mortgage Borrowers

"These proposed rules would offer consumers basic protections and put the Ôservice' back into mortgage servicing. The goal is to prevent mortgage servicers...

Speech

Published AUG 10, 2012

Prepared Remarks by Richard Cordray in a Mortgage Servicing Proposed Rules Press Call

But the major failures in this industry demonstrate that all servicers need to meet basic standards of good customer service. So today we are announcing...

By Richard Cordray

Speech

Published JUL 09, 2012

No Más: Prepared Remarks by Director Cordray to the National Council of La Raza

The foreclosure crisis had a devastating impact on median wealth in this community in particular. And now you and everyone else are dealing with a dried-up...

By Richard Cordray

Speech

Published JUN 26, 2012

Written Testimony of Holly Petraeus before the Senate Committee on Banking, Housing and Urban Affairs

First and foremost are the financial concerns of military homeowners.

By Holly Petraeus

Speech

Published JUN 21, 2012

Prepared Remarks by Richard Cordray at Military Permanent Change of Station (PCS) Guidance for Mortgage Servicers Press Conference

We want to make sure that mortgage servicers comply with the laws that prohibit unfair, deceptive, or abusive practices when it comes to a servicemember's...

By Richard Cordray

Speech

Published JUN 21, 2012

Prepared Remarks by Holly Petraeus at Military Permanent Change of Station (PCS) Guidance for Mortgage Servicers Press Conference

We're pleased to have the support of the prudential regulators who signed the guidance we're announcing today – the Federal Reserve Board, the FDIC, the...

By Holly Petraeus

Speech

Published MAR 28, 2012

Prepared Remarks by Richard Cordray before the U.S. Chamber of Commerce

And we have certain goals in common: a strong and vibrant financial sector; a highly competitive economy that works for Americans in both the short run and...

By Richard Cordray

Press release

Published FEB 10, 2012

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...

Press release

Published FEB 10, 2012

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.

Speech

Published DEC 01, 2011

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.

By Raj Date

Speech

Published SEP 20, 2011

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...

By Raj Date

Speech

Published JUL 12, 2011

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...

By Holly Petraeus

Speech

Published MAR 16, 2011

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...

By Elizabeth Warren

Speech

Published MAR 08, 2011

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...

By Richard Cordray

Speech

Published FEB 25, 2011

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 –...

By Elizabeth Warren

Op-ed

Published DEC 22, 2010

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.

By Elizabeth Warren

Speech

Published DEC 02, 2010

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...

By Elizabeth Warren