Newsroom archive

Acting Director Dave Uejio remarks at the National Fair Housing Alliance’s Virtual Forum on Special Purpose Credit Programs.

The Consumer Financial Protection Bureau (CFPB) today published a report detailing 16 large mortgage servicers’ COVID-19 pandemic response. The report’s data metrics include call handling and loan delinquency rates, and they highlight the industry’s widely varied response to the pandemic.

Acting Director Dave Uejio remarks at the National Association of Attorneys General Spring Consumer Protection Conference.

The Consumer Financial Protection Bureau released its Outline of Proposals Under Consideration and Alternatives Considered for Section 1071 of the Dodd-Frank Act governing small business lending data collection and reporting.

The Consumer Financial Protection Bureau filed a lawsuit against Townstone Financial, Inc., a nonbank retail-mortgage creditor based in Chicago, for violations of the Equal Credit Opportunity Act; its implementing regulation, Regulation B; and the Consumer Financial Protection Act.

The Consumer Financial Protection Bureau (Bureau) today announced a settlement with Freedom Mortgage Corporation (Freedom), one of the ten largest Home Mortgage Disclosure Act (HMDA) reporters nationwide.

Remarks to Consumer Action (as prepared for delivery).

The Bureau of Consumer Financial Protection (Bureau) today released its 17th edition of Supervisory Highlights.

Company to Regularly Report Lending and Compliance Information to the Bureau.

Consumers Harmed By Inferior Card Terms, Including Higher Interest Rates, Stricter Credit Cutoffs, and Less Debt Forgiveness, Receive Over $95 Million in Redress.

Bureau Recovered $6.1 Million for 16,000 Consumers Harmed By Auto Loan Originators.

Bureau’s $1.75 Million Civil Penalty for Persistent and Substantial Reporting Errors is the CFPB’s Largest Penalty to Date for HMDA Violations.

CFPB Seeks Public Feedback on Benefits, Risks of Using Unconventional Sources to Extend Affordable Credit to Consumers Lacking Credit History.

Thank you for joining us. I am glad to be in Charleston as we explore some new frontiers for consumer access to credit.

Bureau Orders Financial Services Company to Pay $255,000 to Consumers.

Thank you and let me welcome you all to my home state, the Buckeye State of Ohio. In particular, I thank President and CEO Cornell William Brooks and...

BancorpSouth Illegally Denied African-American Consumers Fair and Equal Access to Mortgages.

Minority Borrowers Who Paid Higher Rates for Auto Loans Will Receive Up to $21.9 Million.

Thank you. Today the Bureau and the Department of Justice are announcing a joint action against Hudson City Savings Bank for illegal redlining. We are...

Bank Illegally Denied Black and Hispanic Neighborhoods Fair Access to Mortgages Today, the Bureau and the Department of Justice (DOJ) announced a joint...

African-American, Hispanic, and Asian and Pacific Islander Borrowers Will Receive $24 Million.

The Bureau does not have a safety and soundness mandate. Nevertheless, we very much care about the financial health of banks and nonbanks. As a veteran of...

Bureau Warns Lenders Against Creating Illegal Hurdles for Recipients of Social Security Disability Income Today, the Bureau is issuing a bulletin to help...

Consumer Financial Protection Bureau (CFPB) Director Richard Cordray issued the following statement responding to news that BMO Harris Bank plans to pay auto dealers a flat percentage of the loan amount to compensate dealers for originating indirect auto loans.

Potentially discriminatory markups in auto lending may result in tens of millions of dollars in consumer harm each year, and the bulletin provides guidance to indirect auto lenders within the CFPB’s jurisdiction on how to address fair lending risk.