CFPB Report Raises Concerns About Impact of Overdraft Practices on Consumers
The report shows big differences across financial institutions when it comes to overdraft coverage on debit card transactions and ATM withdrawals, drawing...
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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.
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...
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...
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...
Prepared Remarks of Steve Antonakes at the American Bankers Association
Since our inception, the Bureau has enjoyed a productive working relationship with the American Bankers Association and its state member affiliates which I...
Prepared Remarks of Richard Cordray Before Independent Community Bankers of America
We have done good work together, and we have much more good work ahead of us. And so I want to start by thanking all of you for your help and your...
Remarks of CFPB Acting Deputy Director Steve Antonakes
The Consumer Bankers Association and the Bureau have enjoyed a cooperative working relationship since the Bureau's inception which I believe has benefited...
Prepared Remarks by Richard Cordray at a Consumer Advisory Board meeting
Since we first became an independent agency, the Consumer Bureau has been focused on the financial issues that are common to the everyday lives of most...
Consumer Financial Protection Bureau Launches Inquiry on Campus Financial Products
To better understand the market, the CFPB is publishing today a Notice and Request for Information on the topic of campus financial products. Campus...
CFPB Proposes Revisions to Rule Protecting Consumers Sending Money Internationally
Today's proposal builds on a final rule on international money transfers that was published by the Bureau on February 7, 2012, and later supplemented on...
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.
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...
CFPB Orders American Express to Pay $85 Million Refund to Consumers Harmed by Illegal Credit Card Practices
This action is the result of a multi-part federal investigation which found that at every stage of the consumer experience, from marketing to enrollment to...
Federal Deposit Insurance Corporation and Consumer Financial Protection Bureau Order Discover to Pay $200 Million Consumer Refund for Deceptive Marketing
The joint investigation concerned deceptive telemarketing and sales tactics used by Discover to mislead consumers into paying for various credit card...
Prepared Remarks by Richard Cordray on the Press Call on FDIC and CFPB Joint Enforcement Action
Today I am pleased to announce that the Federal Deposit Insurance Corporation and the Bureau are putting $200 million back into the pockets of more than 3.5...
Written Testimony of Richard Cordray Before the United States Senate Committee on Banking, Housing, and Urban Affairs
As the report shows, we have been using all of the tools at our disposal to help protect consumers across this country. We pledge to continue our work to...
CFPB Makes International Money Transfers Easier for Certain Financial Institutions
The rule implements new protections under the Dodd-Frank Wall Street Reform and Consumer Protection Act that require remittance transfer providers to...
CFPB Releases Report Showcasing 2012 Highlights
Today's report covers the Bureau's actions from January 1, 2012 through June 30, 2012. It showcases how the Bureau has used its multiple authorities...
Prepared Remarks by Richard Cordray on CFPB Enforcement Action
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...
CFPB Probe into Capital One Credit Card Marketing Results in $140 Million Consumer Refund
This action results from a CFPB examination that identified deceptive marketing tactics used by Capital One's vendors to pressure or mislead consumers into...
Prepared Remarks by Richard Cordray on Credit Reporting
Today, the Consumer Bureau is issuing a new regulation to expand our supervision program to oversee these credit reporting companies. The authority to...