Newsroom
Thank you for joining us. Today the Bureau is taking action against an auto finance company that distorted consumer credit records for years. Texas-based...
By
Richard Cordray
Bureau Highlights Risks in Transferring Loans Under Loss Mitigation Review Today, the Bureau is releasing a bulletin outlining expectations for mortgage...
I would like to thank the Association of Military Banks and Andy Egeland for inviting me to be with you here today. As the Director of the Bureau, I...
By
Richard Cordray
The Bureau today put an end to a servicemember fee scam run by USA Discounters, Ltd., a company that operates a chain of retail stores near military bases...
Today, the Bureau took action against Amerisave Mortgage Corporation, its affiliate, Novo Appraisal Management Company, and the owner of both companies...
You may have heard about virtual currencies like Bitcoin, XRP, and Dogecoin. But what are virtual currencies?
CFPB Now Accepting Complaints on Virtual Currency Products and Services Today the Bureau issued a consumer advisory warning consumers about the risks of...
Majority of Debit Card Overdraft Fees Incurred on Transactions of $24 or Less Today, the Bureau released a report that raises concerns about the impact of...
Thank you all for joining me today for the release of the Bureau's data point on checking account overdrafts. This is our second report on overdraft that...
By
Richard Cordray
Chairman McHenry, Ranking Member Green, and Members of the Subcommittee, I am glad to be here today to address certain personnel and management matters at...
By
Richard Cordray
Today, the Bureau announced that it is partnering with national and local organizations across the country to train social services staff to provide...
The Bureau and 13 state attorneys general obtained approximately $92 million in debt relief from Colfax Capital Corporation and Culver Capital, LLC, also...
Today, the Bureau proposed a rule to improve information reported about the residential mortgage market. The rule would shed more light on consumers' access...
The Bureau, the Federal Trade Commission (FTC), and 15 states announced a sweep against foreclosure relief scammers that used deceptive marketing tactics to...
Along with other cases from federal and state partners, today we charged that mortgage rescue scammers have taken $25 million in illegal advance fees from consumers. It serves as a reminder of how important it is to watch out for scam artists trying to take advantage of people who need help avoiding foreclosure. Read more to learn how to protect yourself from these scams.
Thank you for joining us on the call today and my thanks to Katie Fallow at the FTC for her and her staff's hard work on this issue. Today, both the Bureau...
By
Richard Cordray
Nonbank Products Include Debt Settlement and Credit Repair Services, Pawn and Title Loans The Bureau is now accepting complaints from consumers encountering...
Today, the Bureau is proposing a new policy that would empower consumers to publicly voice their complaints about consumer financial products and services...
It is indeed an extreme pleasure to be able to experience the true nature of summer here in El Paso in the middle of July. And it is also a pleasure to...
By
Richard Cordray
Georgia Firm Relies on Deceptive Court Filings and Faulty Evidence to Churn Out Lawsuits Today, the Bureau filed a lawsuit in a federal district court...
Today, the Bureau is issuing guidance regarding mortgage brokers transitioning to a "mini-correspondent" lender model. The CFPB is concerned that some...
Today, the Bureau took enforcement action against ACE Cash Express, one of the largest payday lenders in the United States, for pushing payday borrowers...
Thank you for joining us on today's call. Today we are announcing that we have resolved an investigation and are entering an order against one of the...
By
Richard Cordray
The economist John Maynard Keynes was once asked what interest is. He replied simply and directly: "If I let you have a halfpenny and you kept it for a very...
By
Richard Cordray
Today, the Bureau is issuing an interpretive rule to clarify that when a borrower dies, the name of the borrower's heir generally may be added to the...