Federal Regulators Provide Guidance on Qualified Mortgage Fair Lending Risks
Five federal regulatory agencies today issued a statement to address industry questions about fair lending risks associated with offering only Qualified...
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CFPB Publishes Procedures to Ensure Consumers Making Remittance Transfers are Protected
The Bureau today published the procedures it will use in examining institutions that make remittance transfers for consumers. The Bureau is also releasing...
Director Cordray Remarks at the American Bankers Association Annual Convention
Prepared Remarks of Richard Cordray Director of the Bureau American Bankers Association Annual Convention New Orleans, Louisiana October 21, 2013 Thank you...
CFPB Report Highlights Private Student Loan Payment Processing Pitfalls
Today, the Bureau Student Loan Ombudsman released a report analyzing complaints the CFPB has received from private student loan borrowers. According to the...
Consumer advisory: Stop getting sidetracked by your student loan servicer
Over the last several years, many Americans have been able to save on monthly payments on their mortgages and other loans by refinancing to the low interest rates available in the market.
CFPB Provides Guidance on Mortgage Servicing Rules
Today, the Bureau is releasing a bulletin and interim final rule to provide greater clarity to the market concerning mortgage servicing rules that take...
Deputy Director Steve Antonakes Remarks at the FDIC Advisory Committee on Economic Inclusion
Thank you Chairman Gruenberg. The Bureau enjoys an outstanding working relationship with the FDIC. On behalf of Director Cordray, thank you for your...
Regulators Encourage Institutions to Work with Borrowers Affected by Government Shutdown
Board of Governors of the Federal Reserve System CFPB Federal Deposit Insurance Corporation National Credit Union...
CFPB Takes Action Against Nonbank and Bank for Inaccurate Mortgage Loan Reporting
Today, the Bureau ordered Mortgage Master, Inc. and Washington Federal to pay civil penalties for violating the Home Mortgage Disclosure Act (HMDA), which...
CFPB Takes Action Against Meracord for Processing Illegal Debt-Settlement Fees
Payment Processor to Pay $1.376 Million for Aiding Illegal Practices by Debt-Settlement Companies Today, the Bureau announced an enforcement action against...
Director Cordray Remarks at the Annual Financial Literacy and Economic Education Conference
Prepared Remarks of Richard Cordray Director of the Bureau Council for Economic Education Annual Financial Literacy and Economic Education Conference...
Deputy Director Steve Antonakes Remarks at Meracord Enforcement Press Call
Prepared Remarks of Steve Antonakes Deputy Director of the Bureau Meracord Enforcement Press Call October 3, 2013 Today the Bureau is taking action against...
CFPB Finds Card Act Reduced Penalty Fees And Made Credit Card Costs Clearer
The Bureau today released a report detailing how the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) reduced penalty fees...
Director Cordray Remarks at the CARD Act Field Hearing
Thank you so much for being here with us today. I am always happy to be back in Chicago, where I spent three good years as a law student. We are hosting...
Director Cordray Remarks at the CFPB Banking on Campus Forum
Prepared Remarks of Richard Cordray Director of the Bureau CFPB Banking on Campus Forum September 30, 2013 Thank you for joining the Bureau today for our...
Director Cordray Remarks at the Financial Literacy and Education Commission Field Hearing
Prepared Remarks of Richard Cordray Director of the Bureau Financial Literacy and Education Commission Field Hearing University of Wisconsin – Madison...
Federal Regulators Issue Guidance on Reporting Financial Abuse of Older Adults
Seven federal regulatory agencies today issued guidance to clarify that the privacy provisions of the Gramm-Leach-Bliley Act generally permit financial...
Director Cordray Remarks at the American Banker Regulatory Symposium
Thank you so much for having me here today as you discuss the aftermath of the financial crisis and the future of banking regulation. I know many of you are...
Director Cordray Remarks at the Gramm-Leach-Bliley Press Call
Prepared Remarks of Richard Cordray Director of the Bureau Gramm-Leach-Bliley Press Call Washington, D.C. September 24, 2013 Thank you for joining us today...
Nora Dowd Eisenhower Remarks at Press Call on GLBA Interagency Guidance
Remarks of Nora Dowd Eisenhower Assistant Director, Office for Older Americans Press call on GLBA Interagency Guidance Washington, D.C. Sept. 24, 2013 I am...
CFPB and Jackson, Miss, Team Up to Help Local Consumers with Questions and Complaints
Today, the Bureau and the City of Jackson, Mississippi announced a partnership to connect consumers with the CFPB to ask questions and submit complaints...
Statement by CFPB Director Richard Cordray on Chase and JPMorgan Chase Enforcement Action
I'd like to express my gratitude to the Comptroller of the Currency, Tom Curry, for his leadership on this issue. The Bureau was created, in part, to make...
CFPB Orders Chase and JPMorgan Chase to Pay $309 Million Refund for Illegal Credit Card Practices
The Bureau ordered Chase Bank USA, N.A. and JPMorgan Chase Bank, N.A. to refund an estimated $309 million to more than 2.1 million customers for illegal...
Director Cordray Remarks at the Consumer Advisory Board Meeting
I would like to thank Dr. Altley, Mississippi Valley State University, and the community of Itta Bena for hosting us so graciously. Today we are announcing...
CFPB Spotlights Mortgage Trends with New Online Tool
Today, the Bureau launched an online tool to provide consumers with easy access to public mortgage information collected under the Home Mortgage Disclosure...