Newsroom

Robert F. Kennedy once said something that is apt for the work we all do: "The challenge of politics and public service is to discover what is interfering...

Our efforts reflect concern about access to credit and do not reflect a one-sided perspective to maximize consumer protection or industry deterrence at all costs. There is such a thing as doing too little, and there is such a thing as doing too much. We are aiming instead at doing justice.

Thank you for joining us. Today, the Bureau is announcing an enforcement action against an online payday lender, the Hydra Group, which we believe has been...

The Hydra Group Uses Phony Payday Loans to Illegally Access Consumer Bank Accounts Today, the Bureau announced its action to halt the operations of an...

Today, the Bureau took enforcement action against ACE Cash Express, one of the largest payday lenders in the United States, for pushing payday borrowers...

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...

The Bureau is the nation's first federal agency with the sole focus of protecting consumers in the financial marketplace. Financial products like mortgages...

Overall CFPB Supervision Activities Return More than $70 Million to 775,000 Consumers The Bureau today issued a report highlighting illegal actions...

Thank you all for joining us. And we thank Nashville for a warm welcome. Today we are releasing a research study on payday loans. We chose this part of the...

Today, the Bureau issued a report on payday lending finding that four out of five payday loans are rolled over or renewed within 14 days. The study also...

Today the Bureau is filing its first online lending lawsuit. We believe that CashCall, WS Funding, and Delbert Services, along with J. Paul Reddam, who owns...

Today the Bureau took its first action against an online loan servicer, CashCall Inc., its owner, its subsidiary, and its affiliate, for collecting money...

Cash America to Refund up to $14 Million for Robo-Signing and Illegally Overcharging Servicemembers The Bureau today took its first enforcement action...

Chairman Rockefeller, Ranking Member Thune, and distinguished Members of the Committee, I'd like to thank you for the opportunity to speak with you today...

The Bureau is now accepting complaints from borrowers encountering problems with payday loans. Payday loans, also known as "cash advances" or "check loans,"...

Today, the Bureau released guidelines to its examiners on how to identify consumer harm and risks related to Military Lending Act (MLA) violations when...

Thank you for the opportunity to provide you with an overview of the Bureau's recently released white paper on payday loans and deposit advance products...

These statements addressed risks associated with these short-term, small-dollar loans. The Bureau also sees significant consumer risks and looks forward to...

The report found that payday loans and the deposit advance loans offered by a small but growing number of banks and other depository institutions are...

This is perhaps the most comprehensive study to date on the short-term, small-dollar loan market. And what we have found is that too often consumers are...

A Bureau investigation found evidence that the defendant, Payday Loan Debt Solution, Inc. (PLDS), routinely charged consumers upfront fees prior to settling...

As the report shows, we have been using all of the tools at our disposal to help protect consumers across this country. We pledge to continue our work to...

Making prices and risks clear. Protecting people against fraud. And standing up for consumers to make sure they are treated fairly. That is our new job.

Today, I will spend most of my time providing an update on where we stand in developing our bank and nonbank supervision programs.

The hearing coincides with the publication of the Bureau's Short-Term, Small-Dollar Lending Procedures – a field guide CFPB examiners will use to make sure...