Hollister K. Petraeus Before the Senate Committee on Veterans’ Affairs
Concerning our education mission, in an effort that I think would be of interest to this committee, my team worked with the Department of Defense (DoD) to...
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Hollister K. Petraeus Before the U.S. Senate Committee on Homeland Security and Governmental Affairs
I am happy to take part in a dialogue like today's hearing, to ensure that military families have all the information they need to make sound decisions...
Director Cordray Remarks on MILES Enforcement Press Call
We have determined that these two companies developed a joint program that engaged in deceptive marketing and lending practices while providing subprime...
CFPB Orders Auto Lenders to Refund Approximately $6.5 Million to Servicemembers
The two companies must return about $6.5 million to servicemembers for failing to properly disclose all the fees charged to participants in the companies'...
Director Richard Cordray Before the Senate Committee on Banking, Housing, and Urban Affairs
Chairman Johnson, Ranking Member Crapo, and members of the Committee: I am honored to be here once again as the nominee to serve as the Director of the CFPB.
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...
CFPB Report Finds Servicemembers Face Hurdles in Accessing Student Loan Benefits
The hurdles they describe range from not being able to get the information they need, to being met with roadblocks when they do try to pursue their benefits.
Remarks by Hollister K. Petraeus at the Department of Defense Worldwide Education Symposium
Although I often heard about the issues I mentioned, I was surprised to hear at nearly every stop about the challenges that servicemembers and Education...
Prepared Remarks by Holly Petraeus at the Attorneys General Announcement on GI Bill Lead Generators Press Conference
Servicemembers and veterans are very attractive to for-profit colleges because they fill a need to enroll students who are not using Title IV federal...
Written Testimony of Holly Petraeus before the Senate Committee on Banking, Housing and Urban Affairs
First and foremost are the financial concerns of military homeowners.
Consumer Financial Protection Bureau and prudential regulators issue joint guidance to address mortgage servicer practices that impact servicemembers
The guidance, which is intended to ensure compliance with applicable consumer laws and regulations, pertains to military homeowners who have received...
Prepared Remarks by Richard Cordray at Military Permanent Change of Station (PCS) Guidance for Mortgage Servicers Press Conference
We want to make sure that mortgage servicers comply with the laws that prohibit unfair, deceptive, or abusive practices when it comes to a servicemember's...
Prepared Remarks by Holly Petraeus at Military Permanent Change of Station (PCS) Guidance for Mortgage Servicers Press Conference
We're pleased to have the support of the prudential regulators who signed the guidance we're announcing today – the Federal Reserve Board, the FDIC, the...
CFPB Launches Inquiry on Elder Financial Abuse
"Our older adult population is growing every year, which makes it even more critical that we study this issue. Today, the Bureau will launch a public...
Holly Petraeus Statement on Senate Help Committee Report on Military Education Benefits
Today, the Senate Health, Education, Labor, and Pensions (HELP) Committee released data which revealed that education benefits administered by the...
Holly Petraeus Statement on the Servicemember Protections in the Mortgage Servicing Settlement
"The provisions relating to the Servicemembers Civil Relief Act (SCRA) in this agreement will help ensure that members of the military won't be denied...
Federal and State Officials Announce New Law Enforcement Partnership to Protect Military Community
The Repeat Offenders Against Military (ROAM) Database will track completed enforcement actions against companies and individuals who repeatedly scam...
Remarks by Hollister K. Petraeus at For-Profit College Forum
Servicemembers, veterans and their families are eager to earn college degrees. And there is an increasing effort by for-profit colleges to enroll them, due...
Testimony of Hollister K. Petraeus before the Senate Committee on Banking, Housing, and Urban Affairs
Chairman Johnson, Ranking Member Shelby, and distinguished members of the Committee: thank you for the opportunity to speak with you today about the Office...
Holly Petraeus Statement on Treasury Action to Help Struggling Military Homeowners
As I travel the country talking to military families, I have heard too many distressing stories of servicemembers who are underwater, but not delinquent, on...
Testimony of Holly Petraeus: Improving Educational Outcomes for Our Military and Veterans
I am happy to take part in a dialogue like this one to ensure that military families have all the information they need to make sound decisions about where...
For-Profit Colleges, Vulnerable G.I.’s
We are dedicated to improving the lives of everyday Americans and to restoring trust in consumer financial markets. The Semi-Annual Report we are discussing...
CFPB Analyzing Financial Products Tailored to Servicemembers
In keeping with this commitment, the CFPB is asking consumers, financial service providers, organizations, and other members of the public to provide...
Testimony of Elizabeth Warren Before the Committee on Oversight and Government Reform
At each of those appearances, we provided detailed written testimony on our efforts to establish the CFPB. Today, I welcome this opportunity to testify...
Statement by Holly Petraeus to the forum, Fighting on the Homefront: Wrongful Foreclosures Against Military Families
Congress, in creating the OSA, recognized that protecting our servicemembers from suffering financial repercussions for answering the call to service is not...