CFPB Supervision Recovers $14 Million in First Half of 2017 for Over 100,000 Consumers Harmed by Illegal Practices
Bureau Supervision Requires Some Companies to Change Practices to Prevent Future Violations.
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CFPB Takes Action Against Zero Parallel for Steering Consumers Toward Bad Deals
Bureau Orders Zero Parallel and Its Owner to Pay $350,000 and Stop Their Abusive Practices.
CFPB Sues Four Online Lenders for Collecting on Debts Consumers Did Not Legally Owe
Bureau Alleges Companies Deceived Consumers About Debt That Was Not Legally Owed.
CFPB and State of Virginia Take Action Against Woodbridge Gold & Pawn for Deceiving Consumers About Loan Costs
Pawnbroker to Pay Restitution to Consumers and End Deceptive Disclosures.
CFPB Takes Action Against Pawn Companies for Deceiving Consumers About Loan Costs
Bureau Alleges Four Virginia Pawnbrokers Disclosed Misleading Annual Percentage Rates.
CFPB Takes Action Against Moneytree for Deceptive Advertising and Collection Practices
Bureau Orders Financial Services Company to Pay $255,000 to Consumers.
CFPB Releases Updated Exam Procedures for Military Lending Act
CFPB to Evaluate Military Lending Act Violations in its Exams of Creditors and Will Use Its Enforcement Authority in Cases of Substantial Consumer Harm.
Prepared Remarks of CFPB Director Richard Cordray to Corporation for Enterprise Development Assets Learning Conference
Good afternoon and thank you for inviting me today. It is good to be here with so many people who have similar goals and ideals. The thread that ties us...
CFPB Project Catalyst Study Finds Savings Offers Double the Number of Consumers Saving
Project Also Finds Savings Persist After Offers End.
CFPB Orders LendUp to Pay $3.63 Million for Failing to Deliver Promised Benefits
Online Lender Did Not Help Consumers Build Credit or Access Cheaper Loans, As It Claimed.
CFPB Fines Titlemax Parent Company $9 Million for Luring Consumers Into More Costly Loans
Lender Also Illegally Exposed Borrowers’ Debt Information to Employers, Friends, and Family.
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...
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.
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...
CFPB Finds One-in-Five Auto Title Loan Borrowers Have Vehicle Seized for Failing to Repay Debt
Majority of Auto Title Loan Business Comes From Borrowers Stuck In Debt for Most of the Year.
CFPB Takes Action Against Check Cashing and Payday Lending Company for Tricking and Trapping Consumers
Bureau Alleges All American Check Cashing Hid Fees and Pressured Borrowers into Multiple Loans.
Prepared Remarks of CFPB Director Richard Cordray on Payday Lending Research Report Press Call
Thank you for joining us. From the beginning, the small-dollar lending market, which includes payday loans, has been an area of focus for us at the Bureau...
CFPB Finds Half of Online Payday Borrowers Rack Up an Average of $185 in Bank Penalties
Repeat Debit Attempts Add Steep, Hidden Cost for Borrowers Yet Typically Fail to Recover Payments Today the Bureau issued a report that found that attempts...
Written Testimony of CFPB Acting Deputy Director David Silberman Before the House Committee on Financial Services Subcommittee on Financial Institutions and Consumer Credit
Chairman Neugebauer, Ranking Member Clay, and Members of the Subcommittee, thank you for the opportunity to testify today about the Bureau's extensive and...
CFPB Orders EZCORP to Pay $10 Million for Illegal Debt Collection Tactics
Bureau Issues Industry-Wide Warning On Home, Workplace Debt Collection Risks The Bureau today took action against EZCORP, Inc., a small-dollar lender, for...
CFPB Takes Action Against Online Lender for Deceiving Borrowers
Bureau Alleges Integrity Advance Misrepresented the Cost of Loans, Seeks Redress for Borrowers The Bureau took action today against an online lender...
CFPB Sues Offshore Payday Lender
Bureau Alleges the NDG Enterprise Collected Money Illegally, Seeks Refunds for Consumers The Bureau today announced the filing of a lawsuit in federal...
CFPB Statement On Department Of Defense Military Lending Act Final Rule
Today, the U.S. Department of Defense issued a final rule expanding the types of credit products that are covered by the 36-percent rate cap and other...
Prepared Remarks of CFPB Director Richard Cordray at the Field Hearing on Payday Lending
Thank you for joining us in Richmond for this field hearing. When I was originally appointed to serve as the Director of the Bureau, we decided to hold our...
Prepared Remarks of CFPB Director Richard Cordray at the National Association of Attorneys General
Robert F. Kennedy once said something that is apt for the work we all do: "The challenge of politics and public service is to discover what is interfering...