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Over one-third of the complaints that older consumers submit to us are related to debt collection. In some of these complaints, consumers told us that debt collectors threatened to garnish their benefits from Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), and VA benefits, even though these funds usually can’t be garnished. Here’s important information about how these benefits are protected from garnishment.

Good morning. It is an honor to be here today alongside my colleagues who are stalwart champions of our seniors. We are here because we care about making...

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

Bureau Issues Consumer Advisory with Tips for Older Americans Dealing with Harassing Debt Collectors Today, the Bureau released a report highlighting debt...

The Federal Deposit Insurance Corporation (FDIC) and CFPB today launched a Spanish-language version of Money Smart for Older...

Today, the Bureau released a guide to help assisted living and nursing facility staff better protect the people in their care by preventing and addressing...

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

Thank you for joining us today. As we say frequently, the mission of the Bureau is to help build a better, more sustainable consumer financial marketplace...

Today, the Bureau published four guides to help financial caregivers, particularly those who handle the finances of older Americans, carry out their duties...

Today, we are releasing the Managing Someone Else's Money guides to help Americans of all ages better understand their responsibilities if they are called...

Seven federal regulatory agencies today issued guidance to clarify that the privacy provisions of the Gramm-Leach-Bliley Act generally permit financial...

Prepared Remarks of Richard Cordray Director of the Bureau Gramm-Leach-Bliley Press Call Washington, D.C. September 24, 2013 Thank you for joining us today...

Remarks of Nora Dowd Eisenhower Assistant Director, Office for Older Americans Press call on GLBA Interagency Guidance Washington, D.C. Sept. 24, 2013 I am...

Older Americans are attractive targets for fraudsters, because some older Americans have wealth. U.S. households aged 65 and over had a net worth of...

The newest addition to the FDIC's Money Smart financial curriculum family, this stand-alone training module developed by both agencies provides information...

Together with the FDIC, we are releasing Money Smart for Older Adults, a program to raise the awareness of older Americans and their caregivers about how to...

Thank you Chairman Terry, Ranking Member Schakowsky, and distinguished members of the Committee for the opportunity to speak with you today about the Bureau...

Over the past year, my office has been reviewing so-called "senior designations." These are credentials financial advisers acquire to imply or indicate that...

Older Americans are no exception, and in many cases they are the specific targets of unfair, deceptive and abusive financial practices.

The CFPB found that there are more than 50 different senior designations that financial advisers use to indicate that they have advanced training or expertise in the financial needs of older consumers.

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.

Since we first became an independent agency, the Consumer Bureau has been focused on the financial issues that are common to the everyday lives of most...

Today's actions stem from a joint "sweep," a review conducted by the CFPB and the FTC of about 800 randomly selected mortgage-related ads across the...

Our Office's statutory mandate is to help provide consumers aged 62 and over with the tools they need to protect themselves from financial abuse and to make...

Homeowners who want to use their home equity to enjoy a more comfortable retirement do have options. One option is a reverse mortgage, a special type of...