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Category: Speech |
Published

Deputy Director Steve Antonakes Remarks at the National Community Reinvestment Coalition Annual Conference

Good afternoon. It is a pleasure to be here and have the opportunity to speak at NCRC’s Annual Conference. The Bureau has benefited from its strong working relationship with NCRC on issues ranging from consumer protection to access to credit. We thank you for your continued partnership.

Category: Speech |
Published

Prepared Remarks of Deputy Director Antonakes at the Federal Reserve Bank of Atlanta 2014 Banking Outlook Conference

Good morning. It is my pleasure to have the opportunity to be with you today at the Federal Reserve Bank of Atlanta’s 2014 Banking Outlook Conference. I think an open dialogue among regulators and industry participants benefits everyone involved. Today, I will update you on a few of our key initiatives and discuss how we […]

Category: Speech |
Published

Prepared Remarks of CFPB Director Richard Cordray at the ITT Enforcement Action Press Conference

Thank you all for joining us today. And thank you to Attorney General King, Attorney General Madigan, Attorney General Miller, and Attorney General Conway for being with us. Financial products can be a way for Americans to achieve dreams: to buy a home, to start a small business, and importantly, to go to school. People […]

Category: Press release |
Published

CFPB Calls on Financial Institutions to Publicly Disclose Campus Financial Agreements

Bureau Finds a Continued Decline in College Credit Card Agreements WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) called on financial institutions to publicly disclose agreements with colleges and universities to market debit, prepaid, and other products to students. Currently, institutions only make these disclosures about college credit cards. The CFPB also released […]

Category: Speech |
Published

Director Cordray Remarks at the CFPB Banking on Campus Forum

Prepared Remarks of Richard Cordray Director of the Consumer Financial Protection Bureau CFPB Banking on Campus Forum September 30, 2013 Thank you for joining the Consumer Financial Protection Bureau today for our Banking on Campus forum. I am pleased to welcome officials from the Department of Education, the Department of the Treasury, the Federal Deposit […]

Category: Speech |
Published

Director Cordray Remarks at Students Press Call

Consumers now owe nearly $1.2 trillion in student loans they took out to attend college, trade schools, and graduate degree programs. That is more than any other time in history. And additional household debt, including credit card debt, has gone toward financing the rising costs of higher education.

Category: Blog |
Published

Student Debt Domino Effect?

While many in Washington are focused on what loans look like for future borrowers, there may be a domino effect on the broader economy if we ignore borrowers currently stuck with high student loan payments.

Category: Press release |
Published

Consumer Financial Protection Bureau Launches Inquiry on Campus Financial Products

To better understand the market, the CFPB is publishing today a Notice and Request for Information on the topic of campus financial products. Campus financial products include student identification cards that double as debit cards, cards used to access scholarships and student loans, and school-affiliated bank accounts.