Newsroom | Consumer Financial Protection Bureau

Speech

Published APR 14, 2015

Prepared Remarks of CFPB Director Richard Cordray on the Illegal Tax-Refund Scheme Enforcement Press Call

Thank you for joining us on the call as we announce our first enforcement action taken in conjunction with a tribal government. One way we further our...

By Richard Cordray

Enforcement

Press release

Published APR 09, 2015

CFPB Takes Action Against Mortgage Lender for Deceptive Advertising

Bureau Orders RMK Financial to Pay $250,000 for Deceiving Borrowers with Claims of Government Affiliation Today the Bureau took action against RMK Financial...

Press release

Published APR 08, 2015

CFPB Sues Participants in Robo-Call Phantom Debt Collection Operation

Bureau Also Obtains a Temporary Restraining Order to Halt Illegal Operation and Freeze Assets of Operation's Leaders The Bureau announced today that it has...

Press release

Published APR 08, 2015

CFPB Launches Nationwide Effort to Advance Financial Education in Schools

CFPB Publishes Resource Guide for Policymakers Today, the Bureau announced that it is launching a nationwide effort to advance financial education in...

Financial education

Press release

Published MAR 31, 2015

CFPB Announces New ‘Know Before You Owe’ Mortgage Shopping Toolkit

"Your Home Loan Toolkit" Will Help Consumers Be Informed Mortgage Shoppers The Bureau today released a new toolkit that guides consumers through the process...

Mortgages

Press release

Published MAR 30, 2015

CFPB Takes Action Against “Bad Check” Debt Collector

Nationwide Operation Deceptively Threatened Consumers with Criminal Prosecution and Jail Time for Writing Bounced Checks Today, the Bureau announced an...

Press release

Published MAR 26, 2015

CFPB Considers Proposal to End Payday Debt Traps

Proposal Would Cover Payday Loans, Vehicle Title Loans, and Certain High-Cost Installment and Open-End Loans Today the Bureau announced it is considering...

Speech

Published MAR 26, 2015

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...

Payday loans

Speech

Published MAR 25, 2015

Prepared Remarks of CFPB Deputy Director Steven Antonakes to the Consumer Bankers Association

Good morning. It's a pleasure to be here with all of you. I believe that we share common goals: a strong and vibrant consumer financial services market as...

Speech

Published MAR 20, 2015

Prepared Remarks of CFPB Director Richard Cordray at the Ruby Hutchison Memorial Lecture

First of all, I thank Uncle Allan Madden for that warm welcome to country on my very first visit to Australia. On behalf of all my colleagues, allow me to...

By Richard Cordray

Press release

Published MAR 19, 2015

CFPB Finalizes Policy to Give Consumers the Opportunity to Voice Publicly Complaints About Financial Companies

Consumers Can Now Opt-In to Share Complaint Narratives in CFPB's Public Database Today the Bureau is finalizing a policy to empower consumers to voice...

Consumer complaints

Press release

Published MAR 17, 2015

CFPB Launches Public Inquiry to Inform Agency Review of the Credit Card Market

Bureau Seeks Stakeholder Input on How the Credit Card Market Is Functioning Today, the Bureau announced it is seeking public comment on how the credit card...

Credit cards

Press release

Published MAR 11, 2015

CFPB Report Outlines Legal Violations Uncovered by Supervision

Examiners Recover $19.4 Million in Remediation for more than 92,000 Consumers Today the Bureau released its latest supervision report highlighting legal...

Supervision

Press release

Published MAR 10, 2015

CFPB Study Finds That Arbitration Agreements Limit Relief for Consumers

Today, the Bureau released a study indicating that arbitration agreements restrict consumers' relief for disputes with financial service providers by...

Speech

Published MAR 10, 2015

Prepared Remarks of CFPB Director Richard Cordray at the Arbitration Field Hearing

Today we are releasing the results of our study and we are providing our arbitration report to Congress as the law requires us to do. As far as we are...

By Richard Cordray

Arbitration

Testimony

Published MAR 03, 2015

Written Testimony of CFPB Director Richard Cordray Before the House Committee on Financial Services

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

By Richard Cordray

Open government

Speech

Published MAR 03, 2015

Prepared Remarks of CFPB Director Richard Cordray at the President’s Advisory Council

Earning a college degree has become increasingly important to personal and professional success in life. Yet we know it also can impose long-term burdens...

By Richard Cordray

Student loans

Speech

Published FEB 25, 2015

Prepared Remarks of CFPB Director Richard Cordray at the Financial Literacy and Education Commission Meeting

Whether lifeguarding at the local pool or mowing lawns for the city, summer jobs are often a young person's first small taste of financial freedom and...

By Richard Cordray

Press release

Published FEB 24, 2015

CFPB Seeks to Improve Process for Industry Submission of Consumer Credit Card Agreements

Bureau Proposes to Temporarily Suspend Card Issuers' Obligation to Submit Credit Card Agreements Today the Bureau issued a proposal aimed at improving the...

Credit cards

Speech

Published FEB 23, 2015

Prepared Remarks of CFPB Director Richard Cordray at Retirement Savings Event

For most Americans, retirement security depends on starting to save early and protecting those savings by making informed investment decisions. The...

By Richard Cordray

Retirement

Speech

Published FEB 23, 2015

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...

By Richard Cordray

Speech

Published FEB 19, 2015

Prepared Remarks of CFPB Director Richard Cordray at the Consumer Advisory Board Meeting

A year ago, I focused my remarks to this group on the work the Bureau is doing on credit reporting. Today, I would like to give you an update on that work...

By Richard Cordray

Press release

Published FEB 19, 2015

CFPB Reports That More Than 50 Million Credit Card Consumers Have Access to Free Credit Scores

New Study Indicates that Consumers Access Credit Scores and Credit Reports in a Variety of Ways but Confusion Persists Today, the Bureau reported that more...

Credit reports and scores

Speech

Published FEB 18, 2015

Prepared Remarks of CFPB Deputy Director Steven Antonakes at The Exchequer Club

The Bureau does not have a safety and soundness mandate. Nevertheless, we very much care about the financial health of banks and nonbanks. As a veteran of...

By Steve Antonakes

Press release

Published FEB 12, 2015

CFPB Takes Action Against Mortgage Companies For Misrepresenting U.S. Government Affiliation

CFPB Sues Mortgage Lender for False Reverse Mortgage Ads; Orders Others to End Deceptive Advertising Today the Bureau is taking action against three...