Newsroom | Consumer Financial Protection Bureau

Speech

Published MAR 13, 2013

Prepared Remarks of Richard Cordray Before Independent Community Bankers of America

We have done good work together, and we have much more good work ahead of us. And so I want to start by thanking all of you for your help and your...

By Richard Cordray

Speech

Published MAR 12, 2013

Remarks of CFPB Acting Deputy Director Steve Antonakes

The Consumer Bankers Association and the Bureau have enjoyed a cooperative working relationship since the Bureau's inception which I believe has benefited...

By Steve Antonakes

Speech

Published FEB 20, 2013

Prepared Remarks by Richard Cordray at a Consumer Advisory Board meeting

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

Press release

Published JAN 31, 2013

Consumer Financial Protection Bureau Launches Inquiry on Campus Financial Products

To better understand the market, the CFPB is publishing today a Notice and Request for Information on the topic of campus financial products. Campus...

Press release

Published DEC 21, 2012

CFPB Proposes Revisions to Rule Protecting Consumers Sending Money Internationally

Today's proposal builds on a final rule on international money transfers that was published by the Bureau on February 7, 2012, and later supplemented on...

Speech

Published OCT 16, 2012

Prepared Remarks by Richard Cordray in a Live Session on Requirements for Remittance Transfer Providers

This guide seeks to present the rule and its requirements in an easy-to-read document to assist banks and non-banks alike.

By Richard Cordray

Banking

Press release

Published OCT 16, 2012

FFIEC Statement on the Impact of Drought Conditions on Financial Institutions

The Federal Financial Institutions Examination Council today encouraged financial institutions to work constructively with borrowers affected by drought...

Speech

Published OCT 01, 2012

Remarks by Kent Markus in an American Express Enforcement Action Press Phone Call

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

Press release

Published OCT 01, 2012

CFPB Orders American Express to Pay $85 Million Refund to Consumers Harmed by Illegal Credit Card Practices

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...

Speech

Published SEP 24, 2012

Prepared Remarks by Richard Cordray on the Press Call on FDIC and CFPB Joint Enforcement Action

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

Press release

Published SEP 24, 2012

Federal Deposit Insurance Corporation and Consumer Financial Protection Bureau Order Discover to Pay $200 Million Consumer Refund for Deceptive Marketing

The joint investigation concerned deceptive telemarketing and sales tactics used by Discover to mislead consumers into paying for various credit card...

Testimony

Published SEP 12, 2012

Written Testimony of Richard Cordray Before the United States Senate Committee on Banking, Housing, and Urban Affairs

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

Press release

Published AUG 07, 2012

CFPB Makes International Money Transfers Easier for Certain Financial Institutions

The rule implements new protections under the Dodd-Frank Wall Street Reform and Consumer Protection Act that require remittance transfer providers to...

Press release

Published JUL 30, 2012

CFPB Releases Report Showcasing 2012 Highlights

Today's report covers the Bureau's actions from January 1, 2012 through June 30, 2012. It showcases how the Bureau has used its multiple authorities...

Speech

Published JUL 18, 2012

Prepared Remarks by Richard Cordray on CFPB Enforcement Action

Today's action puts $140 million back in the pockets of two million Capital One customers who were pressured or misled into buying credit card products they...

By Richard Cordray

Press release

Published JUL 18, 2012

CFPB Probe into Capital One Credit Card Marketing Results in $140 Million Consumer Refund

This action results from a CFPB examination that identified deceptive marketing tactics used by Capital One's vendors to pressure or mislead consumers into...

Speech

Published JUL 16, 2012

Prepared Remarks by Richard Cordray on Credit Reporting

Today, the Consumer Bureau is issuing a new regulation to expand our supervision program to oversee these credit reporting companies. The authority to...

By Richard Cordray

Press release

Published JUL 16, 2012

CFPB to Supervise Credit Reporting

The Bureau adopted a rule today to begin supervising larger consumer reporting agencies, which include what are popularly called credit bureaus or credit...

Speech

Published JUN 29, 2012

Statement for the Record of Marla Blow before the House Financial Services Subcommittee on Financial Services and Consumer Credit

On behalf of the CFPB (CFPB or Bureau), thank you for the opportunity to provide this statement for the record about mobile payments.

By Marla Blow

Banking

Press release

Published JUN 28, 2012

CFPB Adopts Rule for the Protection of Privileged Information

"We are committed to safeguarding the confidential information of the institutions we supervise to ensure the Bureau is best equipped to do its job and...

Speech

Published JUN 11, 2012

Remarks by Raj Date to the American Bankers Association Conference

I'd like to talk to you about how the mission of the CFPB is to help consumer finance markets actually work – for American families, for financial services...

By Raj Date

Testimony

Published JUN 06, 2012

Written Testimony of Richard Cordray before the Senate Banking Committee

This is the 18th time that the Bureau has testified before either the House or the Senate, and I am pleased to be here with you again today. My testimony...

By Richard Cordray

Banking

Press release

Published JUN 04, 2012

Agencies Sign Memorandum of Understanding on Supervisory Coordination

Such coordination includes scheduling examinations, conducting simultaneous examinations of covered depository institutions unless an institution requests...

Press release

Published MAY 24, 2012

CFPB Proposes Procedural Rule on Supervising Nonbanks that Pose Risks to Consumers

"This is an important step in the development of our nonbank supervision program," said CFPB Director Richard Cordray. "This proposal allows us to reach...

Press release

Published MAY 03, 2012

FFIEC Implements New InfoBase Technology for The Information Technology Examination Handbook

The IT Handbook consists of 11 booklets covering a variety of technology and technology-related risk management guidance for financial institutions and...