Newsroom Archive

Speech

Published JUL 28, 2016

Prepared Remarks of CFPB Director Richard Cordray on Field Hearing on Debt Collection

Thank you all for coming today. I am glad to be here in California, which has actively sought to protect its consumers from bad debt collection practices.

By Richard Cordray

Press release

Published JUL 26, 2016

Consumer Financial Protection Bureau Monthly Complaint Snapshot Spotlights Credit Card Complaints

The CFPB's Office of Consumer Response hears directly from consumers about the challenges they face in the marketplace, brings their concerns to the...

Press release

Published JUL 22, 2016

Agencies Issue Proposal on Method to Adjust Threshold for Exempting Small Loans from Special Appraisal Requirements

The Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency (OCC) today issued a proposal detailing the method that will be...

Press release

Published JUL 22, 2016

Agencies Issue Proposal on Method to Adjust Thresholds for Exempting Certain Consumer Credit and Lease Transactions

The Federal Reserve Board and the Bureau today issued a proposal detailing the method that will be used to adjust the thresholds for exempting certain...

Speech

Published JUL 20, 2016

Prepared Remarks of CFPB Director Richard Cordray on Student Loan Servicing Press Call

I am pleased to join Secretary King and Deputy Secretary Raskin to take this step toward reforming the student loan servicing market. This is an important...

By Richard Cordray

Press release

Published JUL 20, 2016

Consumer Financial Protection Bureau Announces Changes To Senior Leadership

The Bureau today announced leadership changes within the Bureau. The positions being announced today are: the Associate Director for Supervision...

Speech

Published JUL 19, 2016

Prepared Remarks of CFPB Director Richard Cordray at the NAACP Annual Convention

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...

By Richard Cordray

Press release

Published JUL 14, 2016

Consumer Financial Protection Bureau Orders Santander Bank to Pay $10 Million Fine for Illegal Overdraft Practices

Bank Deceptively Marketed Its Overdraft Service to Consumers, Violated “Opt-in” Rule.

Speech

Published JUL 12, 2016

Prepared Remarks of CFPB Director Richard Cordray on FINRA Foundation National Financial Capability Study Release

It is a real pleasure for me to have the chance to spend some time with you today. I want to begin by thanking Chairman Ketchum, Gerri Walsh, and the rest...

By Richard Cordray

Press release

Published JUL 01, 2016

Consumer Financial Protection Bureau Proposes To Amend Gramm-Leach-Bliley Rule To Implement Recent Congressional Legislation

The CFPB proposed to implement recent Congressional legislation that allows financial institutions that meet certain requirements to be exempt from sending annual privacy notices to their customers.

Press release

Published JUN 30, 2016

Consumer Financial Protection Bureau Supervisory Actions Return $24.5 Million To A Quarter-Million Consumers Harmed By Illegal Activities

Report Highlights Violations in Auto Origination, Debt Collection, Mortgage Origination and Small-dollar Lending.

Speech

Published JUN 29, 2016

Prepared Remarks of Richard Cordray, Director of the Consumer Financial Protection Bureau

Thank you. One thing we know from our experience here is that when we all work together to promote financial literacy, we have real opportunities to improve...

By Richard Cordray

Press release

Published JUN 29, 2016

Consumer Financial Protection Bureau And Department Of Justice Action Requires Bancorpsouth To Pay $10.6 Million To Address Discriminatory Mortgage Lending Practices

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

Press release

Published JUN 28, 2016

Consumer Financial Protection Bureau Monthly Complaint Snapshot Auto And Other Consumer Loan Complaints

The CFPB's Office of Consumer Response hears directly from consumers about the challenges they face in the marketplace, brings their concerns to the...

Press release

Published JUN 22, 2016

Consumer Financial Protection Bureau Supervision Finds Mortgage Servicers' Ongoing Technology Failures and Process Breakdowns Trigger Rule Violations

CFPB Releases Special Edition of Supervision Highlights and Updates Mortgage Servicing Exam Procedures.

Press release

Published JUN 17, 2016

Consumer Financial Protection Bureau Announces Annual Dollar Thresholds in Truth in Lending Act Regulations for Certain Credit Transactions

Thresholds Apply to Transactions under the CARD Act, HOEPA, and Ability-to-Repay Mortgage Rule.

Press release

Published JUN 09, 2016

Consumer Financial Protection Bureau Unveils New Know Before You Owe Auto Loans Shopping Sheet

Online Guide and Shopping Sheet Help Consumers Evaluate Costs and Shop for Auto Loans.

Speech

Published JUN 09, 2016

Prepared Remarks of Richard Cordray Director of the Consumer Financial Protection Bureau to the Consumer Advisory Board

Welcome to this meeting of our Consumer Advisory Board. It is a pleasure to be here in Little Rock today, and I look forward to our conversation. The...

Press release

Published JUN 06, 2016

Consumer Financial Protection Bureau Sues Payment Processor For Enabling Unauthorized Withdrawals And Other Illegal Acts By Clients

Intercept Corp. Ignored Red Flags for Potential Fraud and Illegal Activity by Clients.

Speech

Published JUN 02, 2016

Prepared Remarks of Richard Cordray, Director of the Consumer Financial Protection Bureau

Thank you for joining us. We are here in Kansas City, known as "the Heart of America," to discuss concerns about payday lending and other types of loans...

By Richard Cordray

Press release

Published JUN 02, 2016

Consumer Financial Protection Bureau Proposes Rule to End Payday Debt Traps

Rule Would Require Lenders to Determine Whether Consumers Have the Ability to Repay Payday, Auto Title, and Certain Other High-Cost Loans.

Press release

Published MAY 26, 2016

CFPB Takes Action Against Former Wells Fargo Employee for Illegal Mortgage Fee-Shifting

The CFPB has taken action against a former Wells Fargo employee for an illegal mortgage fee-shifting scheme.

Press release

Published MAY 24, 2016

CFPB Monthly Complaints Snapshot Spotlights Credit Reporting Complaints

Report Also Includes In-Depth Look at Consumer Complaints in New Mexico.

Speech

Published MAY 20, 2016

Prepared Remarks of CFPB Director Richard Cordray at the Academic Research Council

It is a real pleasure for me to have the chance to spend some time with you today. As you know, the Bureau is committed to bringing a data-driven...

By Richard Cordray

Speech

Published MAY 18, 2016

Prepared Remarks of CFPB Director Richard Cordray on the Auto Title Lending Research Press Call

Today, we are releasing our fourth report on this market, which is a study of single-payment auto title loans. Our study analyzed nearly 3.5 million loans...

By Richard Cordray