Newsroom | Consumer Financial Protection Bureau

Press release

Published APR 20, 2016

CFPB Finds Half of Online Payday Borrowers Rack Up an Average of $185 in Bank Penalties

Repeat Debit Attempts Add Steep, Hidden Cost for Borrowers Yet Typically Fail to Recover Payments Today the Bureau issued a report that found that attempts...

Press release

Published MAR 22, 2016

CFPB Report Highlights High Rate of Debt Collection Complaints From Servicemembers and Their Families

CFPB Enforcement Actions Returned Over $5 Million to Servicemembers in 2015 The Bureau released an annual report today from the Office of Servicemember...

Testimony

Published FEB 11, 2016

Written Testimony of CFPB Acting Deputy Director David Silberman Before the House Committee on Financial Services Subcommittee on Financial Institutions and Consumer Credit

Chairman Neugebauer, Ranking Member Clay, and Members of the Subcommittee, thank you for the opportunity to testify today about the Bureau's extensive and...

Press release

Published DEC 03, 2015

CFPB Finds CARD Act Helped Consumers Avoid More Than $16 Billion in Gotcha Credit Card Fees

Concerns Remain About Other Back-End Practices Such As Deferred-Interest Promotions The Bureau today released a report detailing how the Credit Card...

Press release

Published JUL 07, 2015

CFPB Report Finds Servicemembers Continue To Face Roadblocks From Student Loan Servicers

Servicers Still Failing to Provide Legal Protections to Military Borrowers Today the Bureau released a report outlining the continued challenges faced by...

Press release

Published JUN 18, 2015

CFPB Finds 90 Percent of Private Student Loan Borrowers Who Applied for Co-Signer Release Were Rejected

Industry Inquiry Reveals Problems for Consumers Seeking to Prevent Auto-Defaults Today the Bureau Student Loan Ombudsman released a report finding high...

Speech

Published MAY 07, 2015

Prepared Remarks of CFPB Director Richard Cordray at the Academic Research Council

Thank you all for joining this public session of the annual meeting of our Academic Research Council. It is impressive to see so many people here this...

By Richard Cordray

Research

Press release

Published MAR 10, 2015

CFPB Study Finds That Arbitration Agreements Limit Relief for Consumers

Today, the Bureau released a study indicating that arbitration agreements restrict consumers' relief for disputes with financial service providers by...

Press release

Published JAN 13, 2015

CFPB Report Finds Nearly Half of Borrowers Do Not Shop for a Mortgage

CFPB Releases "Owning a Home" Toolkit to Help Consumers Shopping for a Mortgage Today, the Bureau released a report finding that almost half of consumers do...

Press release

Published DEC 29, 2014

CFPB Report Finds Loopholes In Military Lending Act Rules Rack Up Costs For Servicemembers

CFPB Backs Department of Defense Proposal to Broaden the Rules for Greater Protections Today the Bureau issued a report highlighting how loopholes in the...

Press release

Published DEC 11, 2014

CFPB Spotlights Concerns with Medical Debt Collection and Reporting

Today, the Bureau released a report that found medical debt has a significant impact on consumer credit, as 43 million Americans have overdue medical debt...

Press release

Published OCT 16, 2014

CFPB Report Finds Distressed Private Student Loan Borrowers Driven Into Default

Today, the Bureau Student Loan Ombudsman released a report highlighting complaints by struggling private student loan borrowers who describe being driven...

Speech

Published MAR 25, 2014

Director Richard Cordray Remarks at the Payday Field Hearing

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...

By Richard Cordray

Press release

Published MAR 25, 2014

CFPB Finds Four Out Of Five Payday Loans Are Rolled Over Or Renewed

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...

Press release

Published MAR 20, 2014

Consumers Report Being Hounded About Debts Not Owed

The Bureau today issued a report on the more than 30,000 consumer complaints it has received about the debt collection market. The report finds that many...

Press release

Published NOV 18, 2013

The CFPB Finds Financial Education Programs are Significantly Outspent by Financial Marketing

Today, the Bureau published a report analyzing the amount of money spent on providing financial education to consumers and the amount spent trying to...