Newsroom
I'd like to express my gratitude to the Comptroller of the Currency, Tom Curry, for his leadership on this issue. The Bureau was created, in part, to make...
By
Richard Cordray
The Bureau ordered Chase Bank USA, N.A. and JPMorgan Chase Bank, N.A. to refund an estimated $309 million to more than 2.1 million customers for illegal...
Credit reporting plays a critical role in consumers' financial lives. Credit reports on consumers' financial history and behavior can determine their...
By
Corey Stone
Today's amendment, first proposed by the Bureau in October 2012, allows credit card issuers to consider income that a stay-at-home applicant, who is 21 or...
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
Today's final rule is in response to a federal court ruling last year that had granted a preliminary injunction to block a part of the Board's 2011 rule...
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
Today, we can talk about the work we have been doing – including work we have done together – to achieve those goals and we can talk about what lies ahead...
By
Richard Cordray
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
To better understand the market, the CFPB is publishing today a Notice and Request for Information on the topic of campus financial products. Campus...
The CFPB wants to know how the CARD Act has affected the daily lives of consumers and the behavior of industry.
Among the key takeaways in the report, which is one of the most comprehensive studies of credit reporting to date, are that credit card history dominates...
The report highlights the basic systems the credit reporting companies use to collect, organize, and maintain consumer credit information. It is based on...
By
Richard Cordray
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...
"This report underscores our work to address practices that are risky to consumers, as well as our continued commitment to making sure that institutions are...
Our proposal would add accessible income as a way to allow spouses and partners not working outside the home to qualify for credit and build their own...
By
Richard Cordray
Today's proposal would allow a stay-at-home spouse or partner to rely on shared income from his or her spouse or partner when applying for a credit card...
As you have heard, today's CFPB enforcement actions involve violations at three American Express entities and will return an estimated $85 million to...
By
Kent Markus
This action is the result of a multi-part federal investigation which found that at every stage of the consumer experience, from marketing to enrollment to...
The joint investigation concerned deceptive telemarketing and sales tactics used by Discover to mislead consumers into paying for various credit card...
Today I am pleased to announce that the Federal Deposit Insurance Corporation and the Bureau are putting $200 million back into the pockets of more than 3.5...
By
Richard Cordray
In recent years, we have seen household wealth shrink by trillions of dollars and incomes decline. As we continue to dig out from the crisis, the Census...
By
Richard Cordray
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
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
The examination process will be an ongoing process of pre-examination scoping and review of information, data analysis, onsite examinations, and regular...
