Director Richard Cordray Remarks at Field Hearing on Student Loan Debt
But a college degree has the potential to become more of a burden than a blessing for those saddled with unmanageable debt in a tough employment market. We...
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Prepared Remarks of Richard Cordray at the Investing in Our Future Conference
We want consumers to be able to navigate the financial marketplace effectively and to take more control over their economic lives in pursuit of their goals.
Testimony of Richard Cordray at the US Senate Committee on Banking, Housing, and Urban Affairs
The report illustrates the ways we are using the tools Congress has provided us to empower consumers and promote a fair, transparent, and competitive...
Prepared Remarks of Richard Cordray at the Federal Reserve Bank of Chicago VISA, Inc. Financial Literacy and Education Summit
We must start with the importance of fostering broader recognition that educational and informational support in matters of personal finance are essential...
Press Call on Proposed Rule on Student Loan Servicers
As a result of these rising costs, more consumers need loans in order to afford college. By the end of last year, outstanding student loan debt was more...
CFPB Proposes Rule to Oversee Nonbank Student Loan Servicers
Today's proposed rule would expand that supervision to certain nonbanks. The rule would define certain nonbank student loan servicers as "larger...
Prepared Remarks of Richard Cordray Before Independent Community Bankers of America
We have done good work together, and we have much more good work ahead of us. And so I want to start by thanking all of you for your help and your...
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.
Prepared Remarks of Richard Cordray at a Meeting of the Credit Union National Association
For two years now, the Bureau has enjoyed a relationship with the credit unions based on mutual respect and a common understanding of who it is we serve:...
Consumer Financial Protection Bureau Takes First Step to Develop Student Loan Affordability Plan
The CFPB has found that private student loan borrowers who wish to pay their loans, but face high payments, lack alternative repayment and refinance options.
Prepared Remarks by Richard Cordray at a Consumer Advisory Board meeting
Since we first became an independent agency, the Consumer Bureau has been focused on the financial issues that are common to the everyday lives of most...
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...
CFPB Releases Exam Procedures for Student Loans
The Student Lending Examination Procedures are an extension of the CFPB's General Supervision and Examination Manual and will be used as a field guide by...
Prepared Remarks by Richard Cordray at a Press Conference with Mayor Rahm Emanuel
Chicago is the first city in the country to agree to share information directly with us, the new CFPB, about enforcing the...
Agencies Announce Increases in Dollar Thresholds in Regulation Z and M for Exempt Consumer Credit and Lease Transactions
Based on the adjustments announced today, the protections of the Truth in Lending Act and the Consumer Leasing Act generally will apply to consumer credit...
Prepared Remarks by Richard Cordray at the National Consumer Law Center Conference
The marketplace can be a hostile place for those who are struggling to stay afloat, who may often pay higher prices for consumer goods, including financial...
Debt Déjà Vu for Students
Financial institutions expect borrowers to hold up their end of the bargain when it comes to mortgages and student loans. Shouldn’t we expect the same of them?
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.
Consumer Financial Protection Bureau Report Finds Private Student Loan Borrowers Face Roadblocks to Repayment
According to the report, private student loan borrowers say they are sometimes surprised by the terms and conditions of their loans, they are given the...
Written Testimony of Richard Cordray Before the U.S. House of Representatives Committee on Financial Services
Through our regulatory tools, we have proposed smarter rules that will help fix the broken mortgage market with common-sense solutions. We are writing rules...
Written Testimony of Richard Cordray Before the United States Senate Committee on Banking, Housing, and Urban Affairs
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...
Remarks by Rohit Chopra to the Congressional Forum on Student Loans
For millions of Americans, student loans have opened doors to a college degree — offering new opportunities to create a better, more secure life. But...
Consumer advisory: Accessing your scholarships and student loan funds
The Consumer Financial Protection Bureau is issuing a consumer advisory today to all students expecting to receive scholarship and student loan proceeds onto – what appears to be – a school-endorsed debit card.
CFPB Releases Report Showcasing 2012 Highlights
Today's report covers the Bureau's actions from January 1, 2012 through June 30, 2012. It showcases how the Bureau has used its multiple authorities...
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...