Consumer Financial Protection Bureau Proposes Rule to End Payday Debt Traps
Rule Would Require Lenders to Determine Whether Consumers Have the Ability to Repay Payday, Auto Title, and Certain Other High-Cost Loans.
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CFPB Takes Action Against Former Wells Fargo Employee for Illegal Mortgage Fee-Shifting
The CFPB has taken action against a former Wells Fargo employee for an illegal mortgage fee-shifting scheme.
CFPB Monthly Complaints Snapshot Spotlights Credit Reporting Complaints
Report Also Includes In-Depth Look at Consumer Complaints in New Mexico.
Prepared Remarks of CFPB Director Richard Cordray at the Academic Research Council
It is a real pleasure for me to have the chance to spend some time with you today. As you know, the Bureau is committed to bringing a data-driven...
Prepared Remarks of CFPB Director Richard Cordray on the Auto Title Lending Research Press Call
Today, we are releasing our fourth report on this market, which is a study of single-payment auto title loans. Our study analyzed nearly 3.5 million loans...
CFPB and Financial Regulators Issue Guidance on How Banks Handle Consumer Deposit Account Discrepancies
Interagency Guidance Details Supervisory Expectations for Preventing Consumer Harm.
CFPB Finds One-in-Five Auto Title Loan Borrowers Have Vehicle Seized for Failing to Repay Debt
Majority of Auto Title Loan Business Comes From Borrowers Stuck In Debt for Most of the Year.
CFPB Takes Action Against Check Cashing and Payday Lending Company for Tricking and Trapping Consumers
Bureau Alleges All American Check Cashing Hid Fees and Pressured Borrowers into Multiple Loans.
Prepared Remarks of CFPB Director Richard Cordray at the Field Hearing on Arbitration Clauses
Thank you to Albuquerque for the warm welcome you have given us. This is our 34th field hearing since the Bureau first opened its doors and started...
CFPB Proposes Prohibiting Mandatory Arbitration Clauses that Deny Groups of Consumers their Day in Court
Bureau Seeks Comment on Proposal to Ban a Contract Gotcha that Prevents Groups of Consumers from Suing Consumer Financial Companies.
CFPB Announces Electronic Filings Under Interstate Land Sales Full Disclosure Act
Online Filing Option Will Improve Efficiency and Reduce Costs.
CFPB Unveils Student Loan 'Payback Playbook' to Provide Borrowers With Personalized Snapshot of Repayment Options
Prototype Disclosures Outline Path to Affordable Payments for Borrowers Trying to Avoid Debt Distress.
Prepared Remarks of CFPB Director Richard Cordray on the Student Loan Payback Playbook Press Call
I am pleased to join my colleagues at the Department of Education and the Department of the Treasury as we continue to improve student loan repayment and address the many problems in student loan servicing that we have highlighted over the past year.
CFPB Monthly Complaint Snapshot Examines Mortgage Complaints
Report Also Includes Look at Consumer Complaints from California.
CFPB Takes Action to Halt Illegal Debt Collection Practices By Lawsuit Mill and Debt Buyer
CFPB Bars Law Firm, Debt Buyer from Churning Out Illegal Collections Lawsuits and Imposes $2.5 Million in Penalties.
CFPB Takes Action Against Co-Founders of Online Lead Aggregator
CFPB Targets Davit Gasparyan and Dmitry Fomichev, Who Operated Company that Sold Consumers’ Loan Applications Without Safeguards.
Prepared Remarks of CFPB Director Richard Cordray on Payday Lending Research Report Press Call
Thank you for joining us. From the beginning, the small-dollar lending market, which includes payday loans, has been an area of focus for us at the Bureau...
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...
CFPB Announces New Additions to Senior Leadership
Today, the Bureau is announcing the addition of several new members to leadership positions within the Bureau. The positions being announced today are: the...
Written Testimony of CFPB Director Richard Cordray Before the Senate Committee on Banking, Housing, and Urban Affairs
Chairman Shelby, Ranking Member Brown, and Members of the Committee, thank you for the opportunity to testify today about the Bureau's Semi-Annual Report to...
Making the most of your tax refund
Crossposted from Medium.com. This column was originally posted online on April 5, 2016. Each year at this time, many consumers receive the largest lump sum...
Prepared Remarks of CFPB Director Richard Cordray at the FCC Consumer Broadband Disclosure Event
I am pleased to join you to champion the cause of transparency, which the FCC is advancing today with its proposed disclosure for broadband consumers. But...
CFPB Halts Student Loan Debt Relief Scam
Student Aid Institute Illegally Tricked Borrowers Into Paying Fees for Federal Loan Benefits The Bureau today took action to halt a student loan debt relief...
CFPB Monthly Complaint Snapshot Examines Debt Collection Complaints
Report Also Includes Look at Consumer Complaints from Florida Today, the Bureau released its latest monthly consumer complaint snapshot, highlighting...
Prepared Remarks of CFPB Director Richard Cordray on the Elder Financial Abuse Press Call
At the Bureau, we are working to make financial markets function better for this country's 320 million consumers. Of special interest to us are the special...