Prepared Remarks by Richard Cordray at a Press Conference with Mayor Rahm Emanuel
Chicago is the first city in the country to agree to share information directly with us, the new CFPB, about enforcing the...
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Consumer Financial Protection Bureau issues warning to nationwide specialty consumer reporting agencies
"Today, the CFPB is reminding these companies that they must follow the law and provide consumers with easy access to their free annual report. If we have...
Agencies Announce Increases in Dollar Thresholds in Regulation Z and M for Exempt Consumer Credit and Lease Transactions
Based on the adjustments announced today, the protections of the Truth in Lending Act and the Consumer Leasing Act generally will apply to consumer credit...
Consumer Financial Protection Bureau Warns Companies Against Misleading Consumers with False Mortgage Advertisements
Today's actions stem from a joint "sweep," a review conducted by the CFPB and the FTC of about 800 randomly selected mortgage-related ads across the...
CFPB Extends Effective Date for New Mortgage Disclosures
The Dodd-Frank Act required that the CFPB integrate certain disclosures from the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act...
Written Testimony of Hubert H. “Skip” Humphrey III Before the United States Senate Special Committee on Aging
Our Office's statutory mandate is to help provide consumers aged 62 and over with the tools they need to protect themselves from financial abuse and to make...
CFPB Launches Project Catalyst to Spur Consumer-Friendly Innovation
The Bureau views this project as an important means of fulfilling its mandate under the Dodd-Frank Wall Street Reform and Consumer Protection Act to give...
Prepared Remarks by Richard Cordray on Project Catalyst: Stimulating Innovation in Financial Products and Services
We believe that good, consumer-friendly innovation holds great potential for achieving our mission of making the consumer finance market work again for...
Federal Housing Finance Agency and Consumer Financial Protection Bureau to Partner on Development of National Mortgage Database
The database will primarily be used to support the agencies' policymaking and research efforts and to help regulators better understand emerging mortgage...
CFPB Report Highlights Problems in Market Discovered Through Supervisory Actions
"This report underscores our work to address practices that are risky to consumers, as well as our continued commitment to making sure that institutions are...
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...
Financially Empowering Stay-at-Home Partners
Our proposal would add accessible income as a way to allow spouses and partners not working outside the home to qualify for credit and build their own...
Debt Déjà Vu for Students
Financial institutions expect borrowers to hold up their end of the bargain when it comes to mortgages and student loans. Shouldn’t we expect the same of them?
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 Now Taking Complaints on Credit Reporting
Consumer reporting agencies, which include what are popularly called credit bureaus or credit reporting companies, are private businesses that track a...
CFPB Report Finds Servicemembers Face Hurdles in Accessing Student Loan Benefits
The hurdles they describe range from not being able to get the information they need, to being met with roadblocks when they do try to pursue their benefits.
CFPB Proposes Making it Easier for Stay-at-Home Spouses and Partners to Get Credit Cards
Today's proposal would allow a stay-at-home spouse or partner to rely on shared income from his or her spouse or partner when applying for a credit card...
Prepared Remarks by Richard Cordray in a Live Session on Requirements for Remittance Transfer Providers
This guide seeks to present the rule and its requirements in an easy-to-read document to assist banks and non-banks alike.
Consumer Financial Protection Bureau Report Finds Private Student Loan Borrowers Face Roadblocks to Repayment
According to the report, private student loan borrowers say they are sometimes surprised by the terms and conditions of their loans, they are given the...
FFIEC Statement on the Impact of Drought Conditions on Financial Institutions
The Federal Financial Institutions Examination Council today encouraged financial institutions to work constructively with borrowers affected by drought...
Remarks by Kent Markus in an American Express Enforcement Action Press Phone Call
As you have heard, today's CFPB enforcement actions involve violations at three American Express entities and will return an estimated $85 million to...