Newsroom | Consumer Financial Protection Bureau

Testimony

Published APR 22, 2013

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...

By Richard Cordray

Speech

Published APR 17, 2013

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...

By Richard Cordray

Speech

Published MAR 14, 2013

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...

By Richard Cordray

Press release

Published MAR 14, 2013

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...

Speech

Published MAR 13, 2013

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...

By Richard Cordray

Testimony

Published MAR 11, 2013

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.

By Richard Cordray

Speech

Published FEB 27, 2013

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:...

By Richard Cordray

Press release

Published FEB 21, 2013

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.

Speech

Published FEB 20, 2013

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...

By Richard Cordray

Press release

Published JAN 31, 2013

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...

Press release

Published DEC 17, 2012

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...

Speech

Published DEC 05, 2012

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...

By Richard Cordray

Press release

Published NOV 20, 2012

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...

Speech

Published OCT 25, 2012

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...

By Richard Cordray

Op-ed

Published OCT 25, 2012

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?

By Rohit Chopra

Press release

Published OCT 18, 2012

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.

Press release

Published OCT 16, 2012

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...

Testimony

Published SEP 19, 2012

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...

By Richard Cordray

Testimony

Published SEP 12, 2012

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...

By Richard Cordray

Speech

Published AUG 27, 2012

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...

By Rohit Chopra

Consumer advisories

Published AUG 09, 2012

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.

Press release

Published JUL 30, 2012

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...

Speech

Published JUL 25, 2012

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...

By Holly Petraeus

Testimony

Published JUL 24, 2012

Written Testimony of Rohit Chopra Before the Senate Committee on Banking, Housing, and Urban Affairs

For millions of Americans, student loans have opened doors to a college degree— offering new opportunities to create a better life. But the rapid growth of...

By Rohit Chopra

Speech

Published JUL 23, 2012

Prepared Remarks by Richard Cordray in a Press Call About the “Financial Aid Shopping Sheet”

The "Financial Aid Shopping Sheet" gives college-bound students what they have been craving: real numbers and a format that makes sense of a huge financial...

By Richard Cordray