Newsroom archive

Director Chopra delivered prepared opening remarks at an Exchequer Club Meeting in Washington, DC.

The Consumer Financial Protection Bureau (CFPB) is opening a new office, the Office of Competition and Innovation, as part of a new approach to help spur innovation in financial services by promoting competition and identifying stumbling blocks for new market entrants. The office will replace the Office of Innovation that focused on an application-based process to confer special regulatory treatment on individual companies. The new office will support a broader initiative by the CFPB to analyze obstacles to open markets, better understand how big players are squeezing out smaller players, host incubation events, and, in general, make it easier for people to switch financial providers.

The Consumer Financial Protection Bureau (CFPB) today made it easier for the public to meaningfully engage with the agency and request regulatory changes. Starting today, members of the public can submit petitions for rulemaking directly to the CFPB. The petitions will be posted on public dockets for review and comment.

On January 14, 2022, the Consumer Financial Protection Bureau announced it has settled a lawsuit filed by the National Association of Consumer Advocates, U.S. Public Interest Research Group, and Professor Kathleen Engel. The lawsuit alleged that the Taskforce on Federal Consumer Financial Law did not comply with the Federal Advisory Committee Act.

Remarks to the George Mason University Law & Economics Center's Ninth Annual Financial Services Symposium (as prepared for delivery).

The CFPB met with its advisory committees, who advise Bureau leadership on a wide range of consumer financial issues and emerging market trends.

Remarks to Consumer Action (as prepared for delivery).

Press Availability with Acting Director Mick Mulvaney.

The Bureau today issued a report and Request for Information (RFI) regarding the Bureau’s sources of data and how data is used. The report provides transparency into how the Bureau collects and uses data and the accompanying RFI gives the public an opportunity to comment on those practices.

Acting Director Mulvaney Recommends Statutory Changes in His First Report to Congress.

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...

Chairman Shelby, Ranking Member Brown, and Members of the Committee, thank you for the opportunity to testify today about the Bureau's Semi-Annual Report to...

Chairman Hensarling, Ranking Member Waters, and Members of the Committee, thank you for the opportunity to testify today about the Bureau's Semi-Annual...

Chairman Hensarling, Ranking Member Waters, and Members of the Committee, thank you for the opportunity to testify today. I am glad to work with you to...

Chairman Shelby, Ranking Member Brown, and Members of the Committee – thank you for the opportunity to testify today about our latest Semi-Annual Report to...

Chairman Hensarling, Ranking Member Waters, and Members of the Committee, thank you for the opportunity to testify today about the Bureau's Semi-Annual...

Six federal financial regulatory agencies announced today that they are extending the comment period for their proposed policy statement for assessing...

Chairman Johnson, Ranking Member Crapo, and Members of the Committee, thank you for inviting me to testify today about the fourth Semi-Annual Report of the...

Written Testimony of Director Richard Cordray CFPB Before the House Committee on Financial ServicesSeptember 12...

Credit reporting plays a critical role in consumers' financial lives. Credit reports on consumers' financial history and behavior can determine their...

I also come away more convinced that the new consumer agency's push toward transparency in financial products can serve families and small financial...