A reverse mortgage is a special type of home loan that allows older homeowners to access the equity they have built up in their homes now, and defer payment...
Servicemembers and veterans are very attractive to for-profit colleges because they fill a need to enroll students who are not using Title IV federal...
The guidance, which is intended to ensure compliance with applicable consumer laws and regulations, pertains to military homeowners who have received...
We want to make sure that mortgage servicers comply with the laws that prohibit unfair, deceptive, or abusive practices when it comes to a servicemember's...
We're pleased to have the support of the prudential regulators who signed the guidance we're announcing today – the Federal Reserve Board, the FDIC, the...
One of our key tools to accomplish that task is our ability to receive and process consumer complaints, which allows us to hear directly from consumers...
Among those named are: Associate Director for Supervision, Enforcement, and Fair Lending; General Counsel; Senior Advisor and Counselor to the Director...
In December, the CFPB asked the public to comment on a proposed policy of making some credit card complaint data publicly available. After considering those...
We are the first agency ever created with the sole purpose of protecting consumers in the financial marketplace. It is no easy task, but it is crucial...
According to one study, in 2010, older Americans lost at least $2.9 billion to the silent crime of financial exploitation, and it is estimated that for each...
"Our older adult population is growing every year, which makes it even more critical that we study this issue. Today, the Bureau will launch a public...
I'd like to talk to you about how the mission of the CFPB is to help consumer finance markets actually work – for American families, for financial services...
This is the 18th time that the Bureau has testified before either the House or the Senate, and I am pleased to be here with you again today. My testimony...
That rule implements the general ability to pay provision of the Credit CARD Act. The CARD Act addresses a series of problems that existed in the credit...
Higher education is a critical part of the American dream. But for many students today, this dream can only be realized through borrowing. Figuring out how...
Such coordination includes scheduling examinations, conducting simultaneous examinations of covered depository institutions unless an institution requests...
"Through our ability-to-repay rule, we want to ensure that consumers are not set up to fail with mortgages they cannot afford and we want to protect access...
"This is an important step in the development of our nonbank supervision program," said CFPB Director Richard Cordray. "This proposal allows us to reach...
The Bureau's Advance Notice of Proposed Rulemaking seeks input on how to ensure that consumers' funds on prepaid cards are safe and that card terms and fees...
Consumers can load money onto these cards and then use them for everyday purchases, just like a debit or credit card, but without having to be attached to...
We are turning the corner out of the most damaging and frightening financial crisis of our lifetimes. As we move into a future reshaped by this crisis, we...
At the Bureau, we are uniquely positioned to address these issues by helping to bridge the ever-widening gap between people's actual financial capability...