Antonakes had been serving as the acting deputy director of the CFPB. Antonakes will continue to maintain responsibility for his duties as the associate...
Consumers now owe nearly $1.2 trillion in student loans they took out to attend college, trade schools, and graduate degree programs. That is more than any...
The CFPB is asking these employers to make a pledge to inform their employees of their options. Up to a quarter of the U.S. workforce is in public service...
Today, the Bureau issued a report detailing mortgage servicing problems at banks and nonbanks. The report also found that many nonbanks lack robust systems...
The company falsely claims that it does not charge consumers upfront fees for debt-relief services and falsely represents to consumers that they will become...
Concerning our education mission, in an effort that I think would be of interest to this committee, my team worked with the Department of Defense (DoD) to...
Thank you for the opportunity to provide you with an overview of the Bureau's recently released white paper on payday loans and deposit advance products...
The CFPB alleges that the company violated the rule with its quarterly bonus program, which paid more than 150 Castle & Cooke loan officers greater bonus...
I am happy to take part in a dialogue like today's hearing, to ensure that military families have all the information they need to make sound decisions...
The report details the Bureau's three-pronged approach to improving financial literacy opportunities for consumers: education initiatives, evidence-based...
Today's action brings added certainty to the industries we oversee and reinforces our responsibility to stand on the side of consumers and see that they are...
The Bureau estimates that outstanding debt is approaching $1.2 trillion as of May 2013. We also estimate that student loans guaranteed or held by the...
It is a pleasure to be here again, and I am grateful for the opportunity to speak with you today on behalf of the CFPB on the subject of debt collections.
Today the Bureau is announcing the addition of several members to senior positions within the Bureau. These positions are: the Chief Operating Officer; the...
Thank you so much for allowing me to join you here today. Since our inception, the Bureau has enjoyed a relationship with credit unions based on mutual...
We are here today to say more about a very difficult marketplace, which is the marketplace for the collection of consumer debt. This topic has long been a...
Today, the Bureau finalized corrections, clarifications, and amendments to its Ability-to-Repay and mortgage servicing rules. Today's clarifications were...
The Bureau is a data driven agency, because Congress recognized that the Bureau cannot do its job of protecting consumers and honest businesses unless it...
You told us about a number of debt relief companies that promise thousands of dollars in savings on borrowers’ student debt – an offer that may seem too good to be true.
We have determined that these two companies developed a joint program that engaged in deceptive marketing and lending practices while providing subprime...
