Newsroom archive

Speech

Published APR 25, 2017

Prepared Remarks of CFPB Deputy Director David Silberman at the Community Bank Advisory Council

Welcome to this meeting of the Community Bank Advisory Council. We created this Council almost five years ago because we wanted to ensure that we have a...

By Richard Cordray

• • Community Bank Advisory Council
• • Data

Press release

Published APR 20, 2017

CFPB Sues Ocwen for Failing Borrowers Throughout Mortgage Servicing Process

Mortgage Servicer’s Widespread Errors, Shortcuts, and Runarounds Cost Borrowers Money, Homes.

• • Enforcement
• • Mortgage servicing

Speech

Published APR 20, 2017

Prepared Remarks of CFPB Director Richard Cordray on the Ocwen Enforcement Action Press Call

Today the Bureau is filing a lawsuit against Ocwen, one of the nation's largest nonbank mortgage servicers. We are seeking relief to compensate consumers...

By Richard Cordray

• • Enforcement
• • Mortgage servicing

Press release

Published APR 17, 2017

CFPB Files Suit Against Law Firm for Misrepresenting Attorney Involvement in Collection of Millions of Debts

CFPB Alleges Weltman, Weinberg & Reis Deceived Consumers with Misleading Calls and Letters.

• • Debt collection
• • Enforcement

Press release

Published APR 13, 2017

CFPB Issues Proposal to Clarify Mortgage Data Rule

Proposal Would Clarify Requirements and Help Companies Comply.

• • Home Mortgage Disclosure Act
• • Mortgages
• • Rulemaking

Speech

Published APR 11, 2017

Prepared Remarks of CFPB Director Richard Cordray at Operation HOPE Global Forums Annual Meeting

Thank you John for your kind words. I am glad to be back in Atlanta for the HOPE Global Forum. It is great to be here with you and to know you share similar...

By Richard Cordray

• • Access to credit
• • Credit reports and scores

Testimony

Published APR 05, 2017

Prepared Opening Statement of CFPB Director Richard Cordray Before the House Committee on Financial Services

Thank you Chairman Hensarling, Ranking Member Waters, and Members of the Committee. I am reporting today on our work over the past year. The Bureau was...

By Richard Cordray

• • Open government

Speech

Published MAR 30, 2017

Prepared Remarks of CFPB Director Richard Cordray at the Credit Union Advisory Council

Welcome to this meeting of the Credit Union Advisory Council. We created the Credit Union Advisory Council almost five years ago because we wanted to ensure...

By Richard Cordray

• • Credit Union Advisory Council

Speech

Published MAR 30, 2017

Prepared Remarks of CFPB Director Richard Cordray at Chamber of Commerce 11th Annual Capital Markets Summit

Thank you once again for having me today. For five years now, you have regularly invited me to talk with you and hear from you about what we are doing at...

By Richard Cordray

• • Rulemaking

Speech

Published MAR 29, 2017

Prepared Remarks of CFPB Director Richard Cordray at National Community Reinvestment Coalition Conference

Thank you. With this award, as with all others, I am willing temporarily to accept it into my hands only to convey it to my hard-working, dedicated...

By Richard Cordray

• • Access to credit

Press release

Published MAR 28, 2017

CFPB Monthly Snapshot Spotlights Credit Card Complaints

Report Also Looks at Consumer Complaints from Massachusetts.

• • Consumer complaints
• • Credit cards
• • Data

Press release

Published MAR 24, 2017

CFPB Issues Proposal to Provide Flexibility to Certain Mortgage Lenders in Collecting Information

Proposed Rule Would Also Aid in Adoption of New Forms.

• • Equal Credit Opportunity Act
• • Home Mortgage Disclosure Act
• • Mortgages
• • Rulemaking

Press release

Published MAR 23, 2017

CFPB Fines Experian $3 Million for Deceiving Consumers in Marketing Credit Scores

Credit Reporting Company Misstated How Credit Scores It Sold Were Used.

• • Access to credit
• • Enforcement

Press release

Published MAR 15, 2017

CFPB Takes Action Against Nationstar Mortgage for Flawed Mortgage Loan Reporting

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

• • Data
• • Enforcement
• • Fair lending
• • Home Mortgage Disclosure Act
• • Mortgages

Speech

Published MAR 06, 2017

Prepared Remarks of CFPB Director Richard Cordray at the LendIt USA Conference

I am glad to be with you today to hear firsthand about the latest innovations in consumer financial services. These innovations seem to be generating considerable interest and optimism about the future.

By Richard Cordray

• • Credit reports and scores
• • Data
• • Innovation
• • Project Catalyst

Speech

Published MAR 02, 2017

Prepared Remarks of CFPB Director Richard Cordray at the Consumer Advisory Board Meeting

Welcome to this meeting of the Consumer Advisory Board. We find great value in the dialogue we have with our CAB members, who share with us their perspective, their expertise, and their experience.

By Richard Cordray

• • Banking
• • Consumer Advisory Board
• • Credit reports and scores
• • Financial service providers
• • Supervision

Press release

Published MAR 02, 2017

CFPB Oversight Uncovers And Corrects Credit Reporting Problems

Bureau Report Outlines Accuracy and Other Issues That Bureau Supervision Has Taken Action to Address.

• • Banking
• • Credit reports and scores
• • Financial service providers
• • Supervision

Press release

Published FEB 28, 2017

CFPB Monthly Snapshot Spotlights Credit Reporting Complaints

Report Also Looks at Consumer Complaints from Louisiana.

• • Consumer complaints
• • Credit reports and scores
• • Data

Consumer advisories

Published FEB 27, 2017

Consumer advisory: Bad information about your college enrollment status can cost you

Errors in your college enrollment record can affect your finances in ways you don’t expect.

• • Student loans

Press release

Published FEB 16, 2017

CFPB Explores Impact of Alternative Data on Credit Access for Consumers Who Are Credit Invisible

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

• • Credit reports and scores
• • Data
• • Fair lending

Speech

Published FEB 16, 2017

Prepared Remarks of CFPB Director Richard Cordray at the Alternative Data Field Hearing

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

By Richard Cordray

• • Credit reports and scores
• • Data
• • Fair lending

Speech

Published FEB 14, 2017

Prepared Remarks of CFPB Director Richard Cordray at the Financial Literacy and Education Commission Meeting

Good morning. I am glad to welcome everyone here to the Financial Literacy and Education Commission for our first meeting of the year. The commission...

By Richard Cordray

• • Financial coaching
• • Financial education

Press release

Published FEB 08, 2017

CFPB Monthly Snapshot Spotlights Mortgage Complaints

Report Also Looks at Consumer Complaints from Tennessee.

• • Consumer complaints
• • Data
• • Mortgages

Speech

Published FEB 07, 2017

Prepared Remarks of CFPB Director Richard Cordray on the RD Legal Funding Enforcement Action Press Call

Thank you for joining today's call. It is my honor to be working alongside Attorney General Eric Schneiderman on this matter. He is one of the toughest and...

By Richard Cordray

• • Access to credit
• • Enforcement

Press release

Published FEB 07, 2017

CFPB and New York Attorney General Sue RD Legal for Scamming 9/11 Heroes Out of Millions of Dollars in Compensation Funds

CFPB and NY Also Accuse Company of Deceiving National Football League Concussion Victims.

• • Access to credit
• • Enforcement