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Today, the Bureau released guidelines to its examiners on how to identify consumer harm and risks related to Military Lending Act (MLA) violations when...
Today the Bureau finalized amendments and clarifications to its January 2013 mortgage rules in order to help industry comply and to better protect...
The bulletin also explains some of the federal consumer protections that apply to payroll cards, such as fee disclosure, access to account history, limited...
Thank you for having me. Those of you in this room today represent our nation's biggest consumer financial market. Topping $10 trillion, the mortgage market...
By
Richard Cordray
Written Testimony of Director Richard Cordray CFPB Before the House Committee on Financial ServicesSeptember 12...
By
Richard Cordray
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...
By
Richard Cordray
Antonakes had been serving as the acting deputy director of the CFPB. Antonakes will continue to maintain responsibility for his duties as the associate...
The CFPB released a bulletin stressing that, under the law, these companies, called furnishers, are responsible for investigating consumer disputes...
Consumers now owe nearly $1.2 trillion in student loans they took out to attend college, trade schools, and graduate degree programs. That is more than any...
By
Richard Cordray
The CFPB is asking these employers to make a pledge to inform their employees of their options. Up to a quarter of the U.S. workforce is in public service...
The Consumer Financial Protection Bureau (CFPB) announced the addition of several new members to leadership positions within the Bureau.
Today, the Bureau issued a report detailing mortgage servicing problems at banks and nonbanks. The report also found that many nonbanks lack robust systems...
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...
Many of the new rules were directed by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. The rules cover the various stages of a...
Concerning our education mission, in an effort that I think would be of interest to this committee, my team worked with the Department of Defense (DoD) to...
By
Holly Petraeus
Thank you for the opportunity to provide you with an overview of the Bureau's recently released white paper on payday loans and deposit advance products...
By
David Silberman
The CFPB alleges that the company violated the rule with its quarterly bonus program, which paid more than 150 Castle & Cooke loan officers greater bonus...
I am happy to take part in a dialogue like today's hearing, to ensure that military families have all the information they need to make sound decisions...
By
Holly Petraeus
The report details the Bureau's three-pronged approach to improving financial literacy opportunities for consumers: education initiatives, evidence-based...
Today's action brings added certainty to the industries we oversee and reinforces our responsibility to stand on the side of consumers and see that they are...
By
Richard Cordray
The Bureau estimates that outstanding debt is approaching $1.2 trillion as of May 2013. We also estimate that student loans guaranteed or held by the...
By
Rohit Chopra
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.
By
Corey Stone
Today the Bureau is announcing the addition of several members to senior positions within the Bureau. These positions are: the Chief Operating Officer; the...
Thank you so much for allowing me to join you here today. Since our inception, the Bureau has enjoyed a relationship with credit unions based on mutual...
By
Richard Cordray
The proposed exemptions are intended to save borrowers time and money and to promote the safety and soundness of creditors.
