Newsroom
Although I often heard about the issues I mentioned, I was surprised to hear at nearly every stop about the challenges that servicemembers and Education...
By
Holly Petraeus
Over the next six months, we will be proposing and finalizing sound rules, most of them required by Congress, to address each stage of the mortgage process...
By
Richard Cordray
For millions of Americans, student loans have opened doors to a college degree— offering new opportunities to create a better life. But the rapid growth of...
By
Rohit Chopra
The "Financial Aid Shopping Sheet" gives college-bound students what they have been craving: real numbers and a format that makes sense of a huge financial...
By
Richard Cordray
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...
Today, Americans owe more than $150 billion in private student loan debt – and many borrowers are struggling to pay it back.
By
Richard Cordray
Today's action puts $140 million back in the pockets of two million Capital One customers who were pressured or misled into buying credit card products they...
By
Richard Cordray
This action results from a CFPB examination that identified deceptive marketing tactics used by Capital One's vendors to pressure or mislead consumers into...
I'd like to talk to you today about how the CFPB is fulfilling its mission to help consumer finance markets actually work – for American families, for...
By
Raj Date
Today, the Consumer Bureau is issuing a new regulation to expand our supervision program to oversee these credit reporting companies. The authority to...
By
Richard Cordray
The Bureau adopted a rule today to begin supervising larger consumer reporting agencies, which include what are popularly called credit bureaus or credit...
The foreclosure crisis had a devastating impact on median wealth in this community in particular. And now you and everyone else are dealing with a dried-up...
By
Richard Cordray
"Our proposed redesign of the federal mortgage forms provides much-needed transparency in the mortgage market and gives consumers greater power over the...
On behalf of the CFPB (CFPB or Bureau), thank you for the opportunity to provide this statement for the record about mobile payments.
By
Marla Blow
Homeowners who want to use their home equity to enjoy a more comfortable retirement do have options. One option is a reverse mortgage, a special type of...
By
Richard Cordray
"We are committed to safeguarding the confidential information of the institutions we supervise to ensure the Bureau is best equipped to do its job and...
A reverse mortgage is a special type of home loan that allows older homeowners to access the equity they have built up in their homes now, and defer payment...
Servicemembers and veterans are very attractive to for-profit colleges because they fill a need to enroll students who are not using Title IV federal...
By
Holly Petraeus
First and foremost are the financial concerns of military homeowners.
By
Holly Petraeus
The guidance, which is intended to ensure compliance with applicable consumer laws and regulations, pertains to military homeowners who have received...
We want to make sure that mortgage servicers comply with the laws that prohibit unfair, deceptive, or abusive practices when it comes to a servicemember's...
By
Richard Cordray
We're pleased to have the support of the prudential regulators who signed the guidance we're announcing today – the Federal Reserve Board, the FDIC, the...
By
Holly Petraeus
Today’s hearing is focused on the Bureau’s efforts to combine the various federal disclosures that consumers receive when taking out a mortgage loan.
By
Raj Date
One of our key tools to accomplish that task is our ability to receive and process consumer complaints, which allows us to hear directly from consumers...
By
Richard Cordray
Among those named are: Associate Director for Supervision, Enforcement, and Fair Lending; General Counsel; Senior Advisor and Counselor to the Director...
