Let consumers sue companies
CFPB Director Cordray explains why the arbitration rule will benefit consumers.
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CFPB Report Finds Consumer Complaints Spurred Actions That Brought More Than $750 Million in Relief for Student Loan Borrowers
CFPB Heard More Than 20,000 Borrower Complaints Last Year Highlighting Widespread, Persistent Servicing Problems.
CFPB Sues Debt-Relief Companies Illegally Posing As Federal Government
Bureau Alleges that Three Companies and Their Owners Charged Illegal Advance Fees, Lied About Debt-Relief Results.
CFPB Finalizes Rule To Stop Payday Debt Traps
Lenders Must Determine If Consumers Have the Ability to Repay Loans That Require All or Most of the Debt to be Paid Back at Once.
Prepared Remarks of CFPB Director Richard Cordray on the Payday Rule Press Call
After a long process of research, outreach, and review of over one million public comments, the Consumer Bureau today has issued a rule aimed at stopping debt traps on payday and auto title loans.
CFPB Issues Interim Final Rule To Help Mortgage Servicers Communicate With Certain Borrowers At Risk Of Foreclosure
Bureau Also Seeks Comment on Separate Proposed Rule Modifying Timing Requirements for Bankruptcy Periodic Statements.
FFIEC Announces Availability of 2016 Data on Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 6,762 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA).
CFPB Takes Action Against Real Estate Settlement Services Provider for Steering Consumers to Affiliated Business
CFPB Orders Meridian Title to Disclose its Interests in Future Transactions and Pay up to $1.25 million.
CFPB's First National Survey on Financial Well-Being Shows More Than 40 Percent of U.S. Adults Struggle to Make Ends Meet
Bureau Releases Interactive Online Tool to Help Consumers Measure Their Financial Well-Being.
CFPB Amends Rules to Provide Flexibility and Clarity to Certain Mortgage Lenders in Collecting Information
Bureau Also Seeks Public Comment on Proposal for Disclosure of Mortgage Data.
CFPB Takes Action Against Top Notch Funding for Lying in Loan Offers to NFL Players, Deepwater Horizon Victims, and 9/11 First Responders
Proposed Order Would Shutter Post-Settlement Funding Business, End Deceptive Business Practices, and Impose Penalties.
CFPB Takes Action Against National Collegiate Student Loan Trusts, Transworld Systems for Illegal Student Loan Debt Collection Lawsuits
All 800,000 Loans Will Be Independently Audited, Companies Will Pay at Least $21.6 Million and Stop Suing for Invalid or Unverified Debts.
CFPB Announces First No-Action Letter to Upstart Network
Company to Regularly Report Lending and Compliance Information to the Bureau.
CFPB Supervision Recovers $14 Million in First Half of 2017 for Over 100,000 Consumers Harmed by Illegal Practices
Bureau Supervision Requires Some Companies to Change Practices to Prevent Future Violations.
Prepared Remarks of CFPB Director Richard Cordray at the Ohio Land Bank Conference
For more than five years now, I have had the honor to serve our country as the first director of the new U.S. Consumer Financial Protection Bureau. In that time, we have built a brand-new federal agency from scratch.
CFPB Takes Action Against Zero Parallel for Steering Consumers Toward Bad Deals
Bureau Orders Zero Parallel and Its Owner to Pay $350,000 and Stop Their Abusive Practices.
Prepared Remarks of Richard Cordray at the Cincinnati AFL-CIO Labor Day Picnic
Director Cordray's remarks at the Cincinnati AFL-CIO Labor Day picnic.
CFPB Takes Action to Shut Down Credit Repair Company for Charging Illegal Fees and Misleading Consumers
Company Banned From Offering Credit Repair Services and Required to Pay $150,000 Penalty.
Adjustments Based on Annual Percentage Change in Consumer Price Index
Adjustments Based on Annual Percentage Change in Consumer Price Index.
CFPB Report Warns That Taking Out a Reverse Mortgage Loan Can Be an Expensive Way to Maximize Social Security Benefits
CFPB Releases Consumer Guide and Video Explaining Reverse Mortgages.
CFPB Temporarily Changes Mortgage Data Rule Reporting Threshold for Community Banks and Credit Unions
Final Rule Also Clarifies Certain Requirements to Help Companies Comply.
CFPB and American Express Reach Resolution to Address Discriminatory Card Terms in Puerto Rico and U.S. Territories
Consumers Harmed By Inferior Card Terms, Including Higher Interest Rates, Stricter Credit Cutoffs, and Less Debt Forgiveness, Receive Over $95 Million in Redress.
CFPB Takes Action Against Aequitas Capital Management for Aiding Corinthian Colleges' Predatory Lending Scheme
Bureau’s Proposed Settlement Seeks $183.3 million in Relief for 41,000 Harmed Student Borrowers.
CFPB Finds Percentage of Borrowers with $20K in Student Debt Doubled Over Last Decade
Record Student Debt Spurring Employers to Offer Student Loan Repayment Benefits.
Prepared Remarks of CFPB Director Richard Cordray on the Overdraft Press Call
Press call on "Know Before You Owe: Overdraft" in Washington, D.C. on August 4, 2017.