Newsroom
Consumer Financial Protection Bureau Recommends Financial Institutions Report Suspected Financial Exploitation of Older Adults
The Consumer Financial Protection Bureau (Bureau) today issued an updated advisory to financial institutions urging them to report to the appropriate local, state and federal authorities whenever they suspect that an older adult is the target or victim of financial exploitation.
Bureau of Consumer Financial Protection to Hold Press Availability After Town Hall in Baton Rouge, La.
Press Availability with Acting Director Mick Mulvaney
Prepared Remarks of CFPB Director Richard Cordray at the Consumer Advisory Board Meeting
Good morning. I would like to thank the Tampa community for hosting us so graciously and all of you for being here today. Since we established the Consumer Advisory Board (or CAB) five years ago, we have made sure that its membership spans the nation. We also make it a point to travel outside Washington, D.C. to learn more about consumers in different parts of the country. Yesterday we learned about this city’s history and visited a retirement community to hear more about the particular challenges facing constituencies such as older Americans.
CFPB Report Warns That Taking Out a Reverse Mortgage Loan Can Be an Expensive Way to Maximize Social Security Benefits
CFPB Releases Consumer Guide and Video Explaining Reverse Mortgages
CFPB Monthly Snapshot Spotlights Complaints from Older Consumers
Report Shows Older Consumers Report Problems with Reverse Mortgages, Scams, Credit Cards, and Add-On Products
CFPB Warns Student Loan Servicing Problems Can Jeopardize Long-Term Financial Security for Older Borrowers
Growing Concerns as Number of Older Student Loan Borrowers Quadruples, Amount of Debt Per Senior Borrower Doubles in Last Decade
Consumer Financial Protection Bureau Report Finds Hundreds of Counties Nationwide Fighting Elder Financial Abuse with Community Efforts
CFPB Issues Guide and Best Practices to Help Communities Create Protection Partnerships for Seniors
Prepared Remarks of CFPB Director Richard Cordray on the Elder Financial Abuse Press Call
At the Consumer Financial Protection Bureau, we are working to make financial markets function better for this country’s 320 million consumers. Of special interest to us are the special needs and circumstances of older Americans. We are devoting great efforts to protecting them from financial exploitation, promoting their economic security, and educating both them and […]
CFPB Issues Advisory and Report for Financial Institutions on Preventing Elder Financial Abuse
One in Five Older Americans Report Being Victims of Financial Exploitation WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued an advisory and a report with recommendations for banks and credit unions on how to prevent, recognize, report, and respond to financial exploitation of older Americans. Financial exploitation, the illegal or improper use […]