Newsroom

Press release

Published MAY 27, 2020

CFPB Study Highlights Challenges Retirees Face to Meet Expenses in Early Years of Retirement

The Consumer Financial Protection Bureau released a first-of-its-kind study examining the financial resources and expenses of retirees during the first five years of retirement among Americans who retired between 1992 and 2014.

• • Mortgages
• • Older Americans
• • Retirement

Press release

Published AUG 24, 2017

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.

• • Older Americans
• • Retirement
• • Reverse mortgages

Press release

Published JAN 12, 2016

CFPB Releases Guide to Help Consumers Navigate Pension Payouts

Guide Highlights Trade-Offs Between Lump-Sum and Lifetime Monthly Payout Options Today the Bureau is releasing a guide to help consumers navigate their...

• • Retirement

Speech

Published NOV 12, 2015

Prepared Remarks of CFPB Director Richard Cordray on Retirement Planning at the Brookings Institution

This year marks the 80th anniversary of the Social Security Act. As Franklin Roosevelt said in 1934, "Old age is at once the most certain, and for many...

By Richard Cordray

• • Retirement

Press release

Published NOV 12, 2015

CFPB Releases “Planning for Retirement” Tool to Help Consumers Decide When to Claim Social Security

CFPB Report Shows Many Consumers Base Critical Claiming Decision on Limited Information Today the Bureau released "Planning for Retirement," an interactive...

• • Retirement

Press release

Published AUG 20, 2015

CFPB and New York Department of Financial Services Sue Pension Advance Companies for Deceiving Consumers About Loan Costs

Companies Hid Loan Interest Rates and Fees and Deceived Consumers About Other Terms of the Deal Today the Bureau and the New York Department of Financial...

• • Enforcement
• • Older Americans
• • Retirement

Speech

Published FEB 23, 2015

Prepared Remarks of CFPB Director Richard Cordray at Retirement Savings Event

For most Americans, retirement security depends on starting to save early and protecting those savings by making informed investment decisions. The...

By Richard Cordray

• • Retirement