CFPB, FTC and States Announce Sweep Against Foreclosure Relief Scammers
The Bureau, the Federal Trade Commission (FTC), and 15 states announced a sweep against foreclosure relief scammers that used deceptive marketing tactics to...
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Prepared Remarks of CFPB Deputy Director Steve Antonakes on the MARS Enforcement Action Press Call
Thank you for joining us on the call today and my thanks to Katie Fallow at the FTC for her and her staff's hard work on this issue. Today, both the Bureau...
CFPB Files Suit Against Debt Collection Lawsuit Mill
Georgia Firm Relies on Deceptive Court Filings and Faulty Evidence to Churn Out Lawsuits Today, the Bureau filed a lawsuit in a federal district court...
CFPB Takes Action Against ACE Cash Express for Pushing Payday Borrowers Into Cycle of Debt
Today, the Bureau took enforcement action against ACE Cash Express, one of the largest payday lenders in the United States, for pushing payday borrowers...
Prepared Remarks of CFPB Director Richard Cordray at the ACE Cash Express Enforcement Action Press Call
Thank you for joining us on today's call. Today we are announcing that we have resolved an investigation and are entering an order against one of the...
Prepared Remarks of CFPB Director Richard Cordray on the GE Capital Enforcement Action Press Call
Thank you for joining us on this call today. Today, the Bureau is ordering GE Capital Retail Bank, now known as Synchrony Bank, to provide $225 million in...
CFPB Orders GE Capital to Pay $225 Million in Consumer Relief for Deceptive and Discriminatory Credit Card Practices
The Bureau is ordering GE Capital Retail Bank (GE Capital), now known as Synchrony Bank, to provide an estimated $225 million in relief to consumers harmed...
Written Testimony of CFPB Director Richard Cordray Before the House Committee on Financial Services
Chairman Hensarling, Ranking Member Waters, and Members of the Committee, thank you for inviting me to testify today about the Semi-Annual Report of the...
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...
CFPB Takes Action Against Illegal Mortgage Referrals
Bureau Orders New Jersey Title Company to Pay $30,000 for Illegal Kickback Scheme Today, the Bureau ordered a New Jersey company, Stonebridge Title Services...
CFPB Takes Action Against RealtySouth for Mortgage Disclosure Violations
Today the Bureau ordered RealtySouth, the largest real estate firm in Alabama, to pay $500,000 for inadequate disclosures that could leave consumers unaware...
Statement by CFPB’s Holly Petraeus on DOJ, FDIC Enforcement Actions Against Sallie Mae
Today, the U.S. Department of Justice announced an enforcement action against Sallie Mae (also known as Sallie Mae Bank and Navient Solutions), the largest...
Prepared Remarks of CFPB Director Richard Cordray at the Federal Reserve Bank of Chicago
I am glad to be with you today and to have the chance to reflect further on some of the changes that have followed the most damaging and frightening...
CFPB Orders Bank Of America To Pay $727 Million In Consumer Relief For Illegal Credit Card Practices
Millions of Consumers Harmed by Bank's Deceptive Marketing and Unfair Credit Card Billing Practices The Bureau has ordered Bank of America, N.A. and FIA...
Prepared Remarks of CFPB Director Richard Cordray on the Bank of America Enforcement Action Press Call
Thank you for joining us on this call today. Central to our mission here at the Consumer Bureau is the duty to identify and root out unfair, deceptive, and...
Meredith Fuchs Before the House Committee on Financial Services
Testimony of Meredith Fuchs General Counsel, CFPB Chairman Hensarling, Ranking Member Waters, and Members of the Committee...
Prepared Remarks of CFPB Director Richard Cordray at the National Association of Attorneys General
Thank you for having me back again this year. I am glad to say that I now stand before you as the undisputed Director of the Bureau, having been confirmed...
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...
CFPB Sues For-Profit College Chain ITT For Predatory Lending
Today the Bureau filed a lawsuit against ITT Educational Services, Inc., accusing the for-profit college chain of predatory student lending. The CFPB...
CFPB Takes Action Against Mortgage Lender for Illegal Payments
Today, the Bureau ordered a Connecticut mortgage lender, 1st Alliance Lending, LLC (First Alliance), to pay an $83,000 civil money penalty for violating...
CFPB Takes Action Against PHH Corporation for Mortgage Insurance Kickbacks
Today, the Bureau initiated an administrative proceeding against PHH Corporation and its affiliates (PHH), alleging PHH harmed consumers through a mortgage...
Written Testimony of CFPB Director Richard Cordray Before the House Committee on Financial Services
Chairman Hensarling, Ranking Member Waters, and Members of the Committee, thank you for inviting me to testify today about the fourth Semi-Annual Report of...
CFPB Takes Action Against Mortgage Kickbacks
Bureau Orders Missouri Lender to Pay $81,000 for Illegal Kickback Scheme Today the Bureau ordered a Missouri mortgage lender, Fidelity Mortgage Corporation...
CFPB and DOJ Take Action Against National City Bank for Discriminatory Mortgage Pricing
Today, the Bureau and the Department of Justice (DOJ) filed a joint complaint against National City Bank for charging higher prices on mortgage loans to...
CFPB Orders American Express to Pay $59.5 Million for Illegal Credit Card Practices
The Bureau today ordered American Express to refund an estimated $59.5 million to more than 335,000 consumers for illegal credit card practices. These...