Newsroom Archive

Press release

Published SEP 24, 2012

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...

Speech

Published JUL 18, 2012

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...

By Richard Cordray

Press release

Published JUL 18, 2012

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...

Press release

Published MAR 27, 2012

Consumer Financial Protection Bureau files amicus brief in truth in lending case

When a borrower cancels a loan on this basis, the lender must release its liens against the borrower's home, and the borrower must return the loan he or she...

Press release

Published FEB 10, 2012

CFPB Director Richard Cordray Statement on the Mortgage Servicing Settlement

The settlement will provide $25 billion in financial relief to distressed homeowners and establish new servicer standards of conduct.

Press release

Published JAN 25, 2012

Federal and State Officials Announce New Law Enforcement Partnership to Protect Military Community

The Repeat Offenders Against Military (ROAM) Database will track completed enforcement actions against companies and individuals who repeatedly scam...

Press release

Published NOV 17, 2011

Agencies Issue Statement to Clarify Supervisory and Enforcement Responsibilities For Federal Consumer Financial Laws

Under section 1025 of Dodd-Frank, the Bureau has exclusive authority to examine for compliance with federal consumer financial laws and primary authority to...

Press release

Published NOV 07, 2011

CFPB Plans to Provide Early Warning of Possible Enforcement Actions

The Early Warning Notice process allows the subject of an investigation to respond to any potential legal violations that CFPB enforcement staffbelieve have...

Press release

Published JUL 06, 2011

CFPB and Military’s Top Uniformed Lawyers Release Joint Statement of Principles

Partnership Between CFPB and the Offices of the Judge Advocate Generals Will Help Better Protect Servicemembers and their Families from Unlawful Acts and...