Newsroom
Good morning. It's a pleasure to be here with all of you. I believe that we share common goals: a strong and vibrant consumer financial services market as...
First of all, I thank Uncle Allan Madden for that warm welcome to country on my very first visit to Australia. On behalf of all my colleagues, allow me to...
By
Richard Cordray
Consumers Can Now Opt-In to Share Complaint Narratives in CFPB's Public Database Today the Bureau is finalizing a policy to empower consumers to voice...
Bureau Seeks Stakeholder Input on How the Credit Card Market Is Functioning Today, the Bureau announced it is seeking public comment on how the credit card...
Examiners Recover $19.4 Million in Remediation for more than 92,000 Consumers Today the Bureau released its latest supervision report highlighting legal...
Today, the Bureau released a study indicating that arbitration agreements restrict consumers' relief for disputes with financial service providers by...
Today we are releasing the results of our study and we are providing our arbitration report to Congress as the law requires us to do. As far as we are...
By
Richard Cordray
Chairman Hensarling, Ranking Member Waters, and Members of the Committee, thank you for the opportunity to testify today about the Bureau's Semi-Annual...
By
Richard Cordray
Earning a college degree has become increasingly important to personal and professional success in life. Yet we know it also can impose long-term burdens...
By
Richard Cordray
Whether lifeguarding at the local pool or mowing lawns for the city, summer jobs are often a young person's first small taste of financial freedom and...
By
Richard Cordray
Bureau Proposes to Temporarily Suspend Card Issuers' Obligation to Submit Credit Card Agreements Today the Bureau issued a proposal aimed at improving the...
For most Americans, retirement security depends on starting to save early and protecting those savings by making informed investment decisions. The...
By
Richard Cordray
Robert F. Kennedy once said something that is apt for the work we all do: "The challenge of politics and public service is to discover what is interfering...
By
Richard Cordray
A year ago, I focused my remarks to this group on the work the Bureau is doing on credit reporting. Today, I would like to give you an update on that work...
By
Richard Cordray
New Study Indicates that Consumers Access Credit Scores and Credit Reports in a Variety of Ways but Confusion Persists Today, the Bureau reported that more...
The Bureau does not have a safety and soundness mandate. Nevertheless, we very much care about the financial health of banks and nonbanks. As a veteran of...
By
Steve Antonakes
CFPB Sues Mortgage Lender for False Reverse Mortgage Ads; Orders Others to End Deceptive Advertising Today the Bureau is taking action against three...
We have incorporated into our mortgage rules some special provisions that provide smaller creditors like most credit unions with different treatment from...
By
Richard Cordray
Lender to Pay $2 Million Civil Penalty for Illegal Conduct Today, the Bureau took action against NewDay Financial, LLC for deceptive mortgage advertising...
CFPB Issues Advisory Offering Tips to Borrowers on Protecting Family Members Today the Bureau released a report highlighting the top complaints for reverse...
‘Fee-Harvester' Credit Cards Misrepresented Charges, Hit Consumers With Excessive Fees Today, the Bureau ordered Continental Finance Company LLC, a subprime...
Today, the Bureau and the U.S. Department of Education announced more than $480 million in forgiveness for borrowers who took out Corinthian College's...
Today, the Bureau asked a federal district court to enter a consent order that would permanently ban a Texas-based company, Union Workers Credit Services...
Proposal Would Extend Provisions to Cover More Community Banks, Credit Unions, and Other Creditors The Bureau today proposed several changes to its mortgage...
Today we are pleased to announce that the Consumer Bureau and the Financial Services Roundtable are joining together to promote effective financial...
By
Richard Cordray
