Consumer Financial Protection Bureau Seeks Input on Gift Card Laws
Today the Bureau announced that it is considering two requests for decisions on whether certain provisions of unclaimed property laws in Maine and Tennessee...
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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...
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...
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...
Remarks by Richard Cordray on the Consumer Complaint Database
One of our key tools to accomplish that task is our ability to receive and process consumer complaints, which allows us to hear directly from consumers...
CFPB Launches Consumer Complaint Database
In December, the CFPB asked the public to comment on a proposed policy of making some credit card complaint data publicly available. After considering those...
Prepared Remarks by Richard Cordray at the American Constitution Society Conference
We are the first agency ever created with the sole purpose of protecting consumers in the financial marketplace. It is no easy task, but it is crucial...
Testimony of Gail Hillebrand before the House Subcommittee on Financial Institutions and Consumer Credit
That rule implements the general ability to pay provision of the Credit CARD Act. The CARD Act addresses a series of problems that existed in the credit...
CFPB Considers Rules on Prepaid Cards
The Bureau's Advance Notice of Proposed Rulemaking seeks input on how to ensure that consumers' funds on prepaid cards are safe and that card terms and fees...
Prepared Remarks by Richard Cordray at Prepaid Cards Field Hearing
Consumers can load money onto these cards and then use them for everyday purchases, just like a debit or credit card, but without having to be attached to...
Director Cordray Remarks at the White House Financial Summit
At the Bureau, we are uniquely positioned to address these issues by helping to bridge the ever-widening gap between people's actual financial capability...
Prepared Remarks by Richard Cordray Before the 2012 Simon New York City Conference
Let me emphasize at the outset that we all have certain goals in common: a strong and vibrant financial sector; the ability to earn and maintain the...
Prepared Remarks by Richard Cordray at the National Community Reinvestment Coalition
You, the National Community Reinvestment Coalition, have stepped up to preserve and expand on that foundational principle of our nation by working to...
CFPB Seeks Public Comment on Amendment to Credit Card Act Rule
At issue in the lawsuit is the total amount of fees that a credit card issuer may require a consumer to pay with respect to a credit card account prior to...
Testimony of Richard Cordray before the U.S. House of Representatives
I want to thank you for this opportunity to testify on the first "Semi-Annual Report of the Bureau" detailing the Bureau's accomplishments in its first six...
Prepared Remarks by Richard Cordray before the U.S. Chamber of Commerce
And we have certain goals in common: a strong and vibrant financial sector; a highly competitive economy that works for Americans in both the short run and...
Prepared Remarks by Richard Cordray at CUNA’s Governmental Affairs Conference
At the Bureau, we have been working with one of the largest credit unions in the country, the Pentagon Federal Credit Union, to pilot a prototype credit...
Prepared Remarks by Richard Cordray at the Society of American Business Editors and Writers
I deeply believe that reporters play an important role in ensuring our government operates fairly, efficiently, and honestly. This role includes a new task...
Prepared Remarks by Peggy L. Twohig at the NMLS Users Conference
Today, I will spend most of my time providing an update on where we stand in developing our bank and nonbank supervision programs.
Testimony of Richard Cordray Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs
I said that I would always welcome your thoughts about our work. I stand by that commitment. I am pleased to be here with you today to tell you about our...
Testimony of Richard Cordray before the Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs
Moreover, we need and want to hear from you. At every stage, I believe that input from Congress will help improve our work and our ability to deliver real...
Remarks by Richard Cordray at the U.S. Conference of Mayors
When honest businesses prosper, your communities flourish. And when communities flourish, America's economy can thrive in ways that are felt by all of our...
Remarks by Richard Cordray at The Brookings Institution
I am honored to serve as the first Director of the Bureau and to work with the talented and committed team we are building there.
CFPB Aims to Simplify Credit Card Agreements
Today, at a news conference in Cleveland, Ohio, the Bureau launched a new Know Before You Owe project aimed at simplifying credit card agreements so that...
Know Before You Owe: Credit Cards
Today, I'm excited to announce another Know Before You Owe project aimed at simplifying credit card agreements so that the prices and terms are easier for...