Director Cordray Before the House Committee on Financial Services
Written Testimony of Director Richard Cordray CFPB Before the House Committee on Financial ServicesSeptember 12...
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Director Cordray Remarks at the National Baptist Convention
We are here to make sure that the problems of the past, which hurt so many consumers, do not happen again. We are here to foresee and prevent the problems...
CFPB Files Suit Against Morgan Drexen for Charging Illegal Fees and Deceiving Consumers
The company falsely claims that it does not charge consumers upfront fees for debt-relief services and falsely represents to consumers that they will become...
Corey Stone Before the Senate Subcommittee on Financial Institutions and Consumer Protection
It is a pleasure to be here again, and I am grateful for the opportunity to speak with you today on behalf of the CFPB on the subject of debt collections.
Director Cordray Remarks at the CFPB Debt Collection Field Hearing
We are here today to say more about a very difficult marketplace, which is the marketplace for the collection of consumer debt. This topic has long been a...
The CFPB Puts Companies on Notice About Harmful Debt Collection Practices
The CFPB also announced that it is now accepting debt collection complaints and is publishing action letters for consumers to consider using in...
Steve Antonakes Remarks at “Life of a debt: Data Integrity in Debt Collection”
Today's event follows similar industry roundtables on debt collection practices that the FTC organized. These have proven valuable in surfacing important...
CFPB Takes Action to Stop Florida Company From Engaging in Illegal Debt-Relief Practices
The Bureau plans to submit a proposed consent order that, if approved by the court, would halt the company's operation, prevent the company and owner from...
CFPB Takes Action Against Two Companies for Charging Illegal Debt-Relief Fees
According to the CFPB complaint, the defendants, Mission Settlement Agency (Mission) and related entities and individuals, and Premier Consultant Group LLC...
Prepared Remarks of CFPB Director Richard Cordray at the SDNY Enforcement Press Conference
Today, we are here to announce that through the joint efforts of the Consumer Bureau and the Department of Justice, we are putting an end to unfair and...
Testimony of Richard Cordray at the US Senate Committee on Banking, Housing, and Urban Affairs
The report illustrates the ways we are using the tools Congress has provided us to empower consumers and promote a fair, transparent, and competitive...
Prepared Remarks of Richard Cordray at the Federal Reserve Bank of Chicago VISA, Inc. Financial Literacy and Education Summit
We must start with the importance of fostering broader recognition that educational and informational support in matters of personal finance are essential...
CFPB and State Partners Obtain Refunds for Consumers Charged Illegal Debt-Relief Fees
A Bureau investigation found evidence that the defendant, Payday Loan Debt Solution, Inc. (PLDS), routinely charged consumers upfront fees prior to settling...
CFPB Report Details How the Nation’s Largest Credit Bureaus Manage Consumer Data
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...
Prepared Remarks by Richard Cordray on a Credit Reporting White Paper Press Call
The report highlights the basic systems the credit reporting companies use to collect, organize, and maintain consumer credit information. It is based on...
Prepared Remarks by Richard Cordray at the National Consumer Law Center Conference
The marketplace can be a hostile place for those who are struggling to stay afloat, who may often pay higher prices for consumer goods, including financial...
Prepared Remarks by Richard Cordray at the Public Field Hearing on Debt Collection Practices
As we continue to emerge from the devastating fiscal crisis of 2007-2008, we now find that debt collection is a central issue of our times. Currently, about...
CFPB to Oversee Debt Collectors
Today, the Consumer Bureau is issuing a new regulation to expand our supervision program to oversee these credit reporting companies. The authority to...
CFPB and U.S. Department of Education Joint Report Finds a Cycle of Boom and Bust in Private Student Loan Market
According to the CFPB's estimates, outstanding student loan debt in the United States topped $1 trillion in 2011 — $864 billion of federal student debt and...
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...
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...
Prepared remarks by Richard Cordray before the National Association of Attorneys General
Making prices and risks clear. Protecting people against fraud. And standing up for consumers to make sure they are treated fairly. That is our new job.
CFPB Proposes Rule to Supervise Larger Participants in Consumer Debt Collection and Consumer Reporting Markets
"Our proposed rule would mean that those debt collectors and credit reporting agencies that qualify as larger participants are subject to the same...
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.