Director Cordray Remarks at the FINRA Investor Education Conference
All of us here today share the same goal of educating and empowering consumers to help them make responsible financial decisions that are sustainable over...
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The CFPB Establishes Framework to Better Coordinate with State Regulators
The framework will apply in situations where the CFPB and state regulators share concurrent supervisory jurisdiction.
The CFPB Before the House Committee on Financial Services
Thank you Chairman Capito, Ranking Member Meeks, and members of the Subcommittee for this opportunity to testify about the Bureau's...
The CFPB Takes Action Against Real Estate Kickbacks
The Bureau today ordered a Texas homebuilder, Paul Taylor, to surrender more than $100,000 he received in kickbacks for referring mortgage origination...
The CFPB Testifies Before the House Committee on Energy and Commerce
Thank you Chairman Terry, Ranking Member Schakowsky, and distinguished members of the Committee for the opportunity to speak with you today about the Bureau...
CFPB Debuts Spanish Language Website
The website, which is optimized for mobile use, provides access to essential consumer resources such as how to submit a consumer complaint and answers to...
Director Richard Cordray Remarks at the Consumer Advisory Board Meeting in Los Angeles
Today, I will focus on our crucial task of connecting with consumers, which we must do well in order to help them properly. In particular, it is important...
La Oficina para la Protección Financiera del Consumidor lanza un sitio web en español
El sitio web, la cual est‡ optimizada para el uso m—vil, proporciona informaci—n esencial acerca de c—mo presentar una queja sobre un producto o servicio...
Director Richard Cordray at the National Association of Realtors
Over time, we have come to a fuller understanding of how rampant underwriting deficiencies eventually brought about the credit crunch, the financial...
Student Debt Domino Effect?
While many in Washington are focused on what loans look like for future borrowers, there may be a domino effect on the broader economy if we ignore...
CFPB Report Highlights Student Debt as a Roadblock to Opportunity for Consumers
Report warns of the potential domino effects on the economy of high student debt. It also identifies policy and market-based solutions based on the public’s comments that would help borrowers manage their private student loan burden.
Director Richard Cordray Remarks at Field Hearing on Student Loan Debt
But a college degree has the potential to become more of a burden than a blessing for those saddled with unmanageable debt in a tough employment market. We...
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...
Corey Stone at the Senate Commerce Subcommittee of Consumer Protection, Product Safety, and Insurance
Credit reporting plays a critical role in consumers' financial lives. Credit reports on consumers' financial history and behavior can determine their...
Remarks of Deputy Director Steve Antonakes at the GMU Attorneys General Education Program
As a veteran of two banking crises, I can tell you unequivocally that, in my view, consumer protection is not in conflict with safety and soundness...
Prepared Remarks of Richard Cordray at the Investing in Our Future Conference
We want consumers to be able to navigate the financial marketplace effectively and to take more control over their economic lives in pursuit of their goals.
CFPB Revises Rule Protecting Consumers Sending Money Internationally
The remittance rule creates a comprehensive consumer protection regime for remittance transfers sent by consumers in the United States to individuals and...
The CFPB Amends Card Act Rule to Make it Easier for Stay-at-Home Spouses and Partners to Get Credit Cards
Today's amendment, first proposed by the Bureau in October 2012, allows credit card issuers to consider income that a stay-at-home applicant, who is 21 or...
The CFPB Issues Civil Penalty Fund Rule
The rule creates a transparent process for allocating money from the Bureau's Civil Penalty Fund to compensate victims harmed by a person or company that...
CFPB Statement on Deposit Advance Product Announcements by Banking Regulators
These statements addressed risks associated with these short-term, small-dollar loans. The Bureau also sees significant consumer risks and looks forward to...
The CFPB Finds Payday and Deposit Advance Loans Can Trap Consumers in Debt
The report found that payday loans and the deposit advance loans offered by a small but growing number of banks and other depository institutions are...
Prepared Remarks of Richard Cordray on the Payday/DAP Study Press Call
This is perhaps the most comprehensive study to date on the short-term, small-dollar loan market. And what we have found is that too often consumers are...
Consumer Financial Protection Bureau Announces Senior Personnel Changes
The Bureau today announced several changes and new additions to the Bureau's senior leadership, including the Assistant Director for Legislative Affairs 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...