CFPB to Supervise Credit Reporting
The Bureau adopted a rule today to begin supervising larger consumer reporting agencies, which include what are popularly called credit bureaus or credit...
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Statement for the Record of Marla Blow before the House Financial Services Subcommittee on Financial Services and Consumer Credit
On behalf of the CFPB (CFPB or Bureau), thank you for the opportunity to provide this statement for the record about mobile payments.
CFPB Adopts Rule for the Protection of Privileged Information
"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...
Remarks by Raj Date to the American Bankers Association Conference
I'd like to talk to you about how the mission of the CFPB is to help consumer finance markets actually work – for American families, for financial services...
Written Testimony of Richard Cordray before the Senate Banking Committee
This is the 18th time that the Bureau has testified before either the House or the Senate, and I am pleased to be here with you again today. My testimony...
Agencies Sign Memorandum of Understanding on Supervisory Coordination
Such coordination includes scheduling examinations, conducting simultaneous examinations of covered depository institutions unless an institution requests...
CFPB Proposes Procedural Rule on Supervising Nonbanks that Pose Risks to Consumers
"This is an important step in the development of our nonbank supervision program," said CFPB Director Richard Cordray. "This proposal allows us to reach...
FFIEC Implements New InfoBase Technology for The Information Technology Examination Handbook
The IT Handbook consists of 11 booklets covering a variety of technology and technology-related risk management guidance for financial institutions and...
Prepared Remarks by Richard Cordray Before the 2012 Simon New York City Conference
Let me emphasize at the outset that we all have certain goals in common: a strong and vibrant financial sector; the ability to earn and maintain the...
Prepared Remarks by Richard Cordray at the National Community Reinvestment Coalition
You, the National Community Reinvestment Coalition, have stepped up to preserve and expand on that foundational principle of our nation by working to...
CFPB to Hold Financial Institutions and their Service Providers Accountable
The Bureau will take a close look at service providers' interactions with consumers. It will hold all appropriate companies accountable when legal...
Testimony of Richard Cordray before the U.S. House of Representatives
I want to thank you for this opportunity to testify on the first "Semi-Annual Report of the Bureau" detailing the Bureau's accomplishments in its first six...
Prepared Remarks by Richard Cordray before the U.S. Chamber of Commerce
And we have certain goals in common: a strong and vibrant financial sector; a highly competitive economy that works for Americans in both the short run and...
Prepared Remarks by Richard Cordray before the Consumer Bankers Association
I would like to talk to you today about how we are doing this by promoting transparency, lowering consumer risks, and ensuring a level playing field between...
Prepared Remarks by Richard Cordray at the Society of American Business Editors and Writers
I deeply believe that reporters play an important role in ensuring our government operates fairly, efficiently, and honestly. This role includes a new task...
Prepared Remarks by Richard Cordray at the ICBA National Convention
I have seen firsthand how the success of community banks benefits the people who live in those communities, where the bankers themselves also live and work.
Prepared remarks by Richard Cordray before the National Association of Attorneys General
Making prices and risks clear. Protecting people against fraud. And standing up for consumers to make sure they are treated fairly. That is our new job.
Consumer Financial Protection Bureau now taking complaints on checking accounts
Almost nine out of ten American households have at least one checking account, and many also maintain a savings account. Yet, despite the fact that they are...
Prepared Remarks by Richard Cordray at the CFPB Roundtable on Overdraft Practices
Overdrafts can provide consumers with needed access to funds, but the growing costs of overdraft practices have the capacity to inflict serious economic...
CFPB Launches Inquiry into Overdraft Practices
As part of that inquiry, the CFPB is seeking public input on a prototype "penalty fee box" – a disclosure on a consumer's checking account statement that...
CFPB Director Richard Cordray’s Remarks on Remittance Consumer Protections at LULAC Conference
We want Latino consumers – on the same footing with every other consumer – to have the information they need to make good choices, choices that enhance...
Testimony of Richard Cordray Before the U.S. House of Representatives Committee on Financial Services
We are committed to fulfilling our statutory responsibilities and delivering value to American consumers. This means being accountable and using our...
Prepared Remarks by Peggy L. Twohig at the NMLS Users Conference
Today, I will spend most of my time providing an update on where we stand in developing our bank and nonbank supervision programs.
Testimony of Richard Cordray Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs
I said that I would always welcome your thoughts about our work. I stand by that commitment. I am pleased to be here with you today to tell you about our...
Testimony of Richard Cordray before the Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs
Moreover, we need and want to hear from you. At every stage, I believe that input from Congress will help improve our work and our ability to deliver real...