CFPB Fines Xerox Business Services $1.1 Million for Incorrect Consumer Information Sent to Credit Reporting Agencies
Company Failed to Inform Auto Lenders That Defects in its Software Led to Inaccuracies.
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CFPB Sues Think Finance For Collecting On Debts That Consumers Did Not Legally Owe
Bureau Alleges That Think Finance Deceived Consumers Into Paying Debts That Were Not Valid.
CFPB Sues Freedom Debt Relief For Misleading Consumers About Its Debt-Settlement Services
Company Deceives Consumers About Its Negotiating Power, the Reach of Its Services, Its Fees, and Consumers’ Rights to Their Own Funds.
Agencies Announce Dollar Thresholds in Regulations Z and M for Exempt Consumer Credit and Lease Transactions
The Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau today announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer credit and lease transactions in 2018.
Prepared Remarks of CFPB Director Richard Cordray at the Consumer Advisory Board Meeting
Good morning. I would like to thank the Tampa community for hosting us so graciously and all of you for being here today. Since we established the Consumer...
CFPB Report Finds Sharp Increase In Riskier Longer-Term Auto Loans
Six-Year Auto Loans Carry Higher Costs and Higher Default Rates than Five-Year Auto Loans.
Newly Available Data Shows Lowest Mortgage Delinquency Rate Since the Financial Crisis
Newly Available Data Shows Lowest Mortgage Delinquency Rate Since the Financial Crisis.
CFPB Outlines Principles For Consumer-Authorized Financial Data Sharing and Aggregation
Bureau Seeks to Ensure a Workable Data Aggregation Market That Gives Consumers Protection and Value.
Let consumers sue companies
CFPB Director Cordray explains why the arbitration rule will benefit consumers.
CFPB Report Finds Consumer Complaints Spurred Actions That Brought More Than $750 Million in Relief for Student Loan Borrowers
CFPB Heard More Than 20,000 Borrower Complaints Last Year Highlighting Widespread, Persistent Servicing Problems.
CFPB Sues Debt-Relief Companies Illegally Posing As Federal Government
Bureau Alleges that Three Companies and Their Owners Charged Illegal Advance Fees, Lied About Debt-Relief Results.
CFPB Finalizes Rule To Stop Payday Debt Traps
Lenders Must Determine If Consumers Have the Ability to Repay Loans That Require All or Most of the Debt to be Paid Back at Once.
Prepared Remarks of CFPB Director Richard Cordray on the Payday Rule Press Call
After a long process of research, outreach, and review of over one million public comments, the Consumer Bureau today has issued a rule aimed at stopping debt traps on payday and auto title loans.
CFPB Issues Interim Final Rule To Help Mortgage Servicers Communicate With Certain Borrowers At Risk Of Foreclosure
Bureau Also Seeks Comment on Separate Proposed Rule Modifying Timing Requirements for Bankruptcy Periodic Statements.
FFIEC Announces Availability of 2016 Data on Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 6,762 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA).
CFPB Takes Action Against Real Estate Settlement Services Provider for Steering Consumers to Affiliated Business
CFPB Orders Meridian Title to Disclose its Interests in Future Transactions and Pay up to $1.25 million.
CFPB's First National Survey on Financial Well-Being Shows More Than 40 Percent of U.S. Adults Struggle to Make Ends Meet
Bureau Releases Interactive Online Tool to Help Consumers Measure Their Financial Well-Being.
CFPB Amends Rules to Provide Flexibility and Clarity to Certain Mortgage Lenders in Collecting Information
Bureau Also Seeks Public Comment on Proposal for Disclosure of Mortgage Data.
CFPB Takes Action Against Top Notch Funding for Lying in Loan Offers to NFL Players, Deepwater Horizon Victims, and 9/11 First Responders
Proposed Order Would Shutter Post-Settlement Funding Business, End Deceptive Business Practices, and Impose Penalties.
CFPB Takes Action Against National Collegiate Student Loan Trusts, Transworld Systems for Illegal Student Loan Debt Collection Lawsuits
All 800,000 Loans Will Be Independently Audited, Companies Will Pay at Least $21.6 Million and Stop Suing for Invalid or Unverified Debts.
CFPB Announces First No-Action Letter to Upstart Network
Company to Regularly Report Lending and Compliance Information to the Bureau.
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.
Prepared Remarks of CFPB Director Richard Cordray at the Ohio Land Bank Conference
For more than five years now, I have had the honor to serve our country as the first director of the new U.S. Consumer Financial Protection Bureau. In that time, we have built a brand-new federal agency from scratch.
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.
Prepared Remarks of Richard Cordray at the Cincinnati AFL-CIO Labor Day Picnic
Director Cordray's remarks at the Cincinnati AFL-CIO Labor Day picnic.