Skip to main content

Newsroom

Date range
Clear filters
54 filtered results
Category: Press release |
Published

CFPB Helps Assisted Living and Nursing Facilities Protect Seniors from Financial Abuse

WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) released a guide to help assisted living and nursing facility staff better protect the people in their care by preventing and addressing financial abuse and scams. The guide helps staff recognize, record, and report financial mistreatment by family members or other trusted people handling the finances of an incapacitated adult. The guide also addresses prevention of a wide variety of financial exploitation and scams.

Category: Press release |
Published

CFPB Spotlights Mortgage Debt Challenges Faced By Older Americans

CFPB Issues Advisory about Managing Mortgage Debt in Retirement WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) released a snapshot report spotlighting the mortgage debt challenges faced by a growing number of older Americans. These challenges include more mortgage debt, less affordable housing, and greater risk of foreclosure. The CFPB is also issuing […]

Category: Speech |
Published

Nora Dowd Eisenhower Remarks at Press Call on GLBA Interagency Guidance

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 delighted to join Director Cordray and our federal agency colleagues in announcing this important interagency guidance today. I joined the Bureau recently to lead the Office for Older Americans, continuing a […]

Category: Speech |
Published

Director Cordray Remarks at the Gramm-Leach-Bliley Press Call

Prepared Remarks of Richard Cordray Director of the Consumer Financial Protection Bureau Gramm-Leach-Bliley Press Call Washington, D.C. September 24, 2013 Thank you for joining us today. At the Consumer Bureau, we work to create a sustainable, thriving marketplace characterized by responsible business practices and informed consumers. In creating this new agency, Congress specifically recognized the […]

Category: Speech |
Published

Gail Hillebrand Remarks at the Release of Money Smart for Older Adults

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 approximately $18 trillion in 2009. Older adults may be victimized by a broad range of perpetrators, including scam artists, family members, caregivers, financial advisers, home repair contractors, guardians and others.

Category: Press release |
Published

FDIC and CFPB Collaborate to Develop a Tool for Older Adults to Prevent Financial Exploitation

The newest addition to the FDIC’s Money Smart financial curriculum family, this stand-alone training module developed by both agencies provides information to raise awareness among older adults (age 62 and older) and their caregivers on how to prevent, identify and respond to elder financial exploitation, plan for a secure financial future, and make informed financial decisions.

Category: Speech |
Published

Director Cordray on Money Smart for Older Adults

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 prevent, identify, and respond to elder financial exploitation.

Category: Press release |
Published

CFPB Report Highlights Problems Older Americans Have With Confusing Financial Advising Industry

The Bureau 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. These designations can confuse older consumers, who are already at risk for deception and fraud.

Category: Press release |
Published

Consumer Financial Protection Bureau Warns Companies Against Misleading Consumers with False Mortgage Advertisements

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 country, including ads for mortgage loans, refinancing, and reverse mortgages.

Category: Testimony |
Published

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 value to American consumers. I look forward to an open dialogue with Congress on the many important issues that affect your constituents and consumer financial markets nationwide.