Newsroom

Press release

Published JUN 19, 2014

CFPB Orders GE Capital to Pay $225 Million in Consumer Relief for Deceptive and Discriminatory Credit Card Practices

The Bureau is ordering GE Capital Retail Bank (GE Capital), now known as Synchrony Bank, to provide an estimated $225 million in relief to consumers harmed...

• • Credit cards
• • Discrimination
• • Enforcement

Speech

Published APR 04, 2014

Prepared Remarks of CFPB Director Richard Cordray at the Greenlining Institute’s Economic Summit

We appreciate the important role that Greenlining played in urging the creation of the CFPB. We also know how hard Greenlining pushed for authorizing the...

By Richard Cordray

• • Discrimination

Press release

Published DEC 23, 2013

CFPB and DOJ Take Action Against National City Bank for Discriminatory Mortgage Pricing

Today, the Bureau and the Department of Justice (DOJ) filed a joint complaint against National City Bank for charging higher prices on mortgage loans to...

• • Discrimination
• • Enforcement
• • Mortgages

Speech

Published DEC 20, 2013

Prepared Remarks of Director Richard Cordray on the Ally Enforcement Action Press Call

Thank you all for joining us. Today we are announcing that the Consumer Bureau is taking its first enforcement action against discriminatory auto lending...

By Richard Cordray

• • Auto loans
• • Discrimination
• • Enforcement

Press release

Published DEC 20, 2013

CFPB and DOJ Order Ally to Pay $80 Million to Consumers Harmed by Discriminatory Auto Loan Pricing

Ally to Pay Additional $18 Million in Civil Penalties for Harming More Than 235,000 Minority Borrowers.

• • Auto loans
• • Discrimination
• • Enforcement

Press release

Published DEC 19, 2013

Federal Financial Regulators Extend Comment Period for Proposed Policy Statement on Assessing Diversity Policies and Practices of Regulated Entities

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

• • Discrimination
• • Open government

Speech

Published NOV 14, 2013

Director Cordray Remarks at the CFPB Auto Finance Forum

Thank you all for joining us today. We have convened interested parties to discuss what has indeed become a much-talked-about issue – discrimination that...

By Richard Cordray

• • Auto loans
• • Discrimination

Press release

Published APR 18, 2012

CFPB to Pursue Discriminatory Lenders

Today, the Bureau announced that it will use all available legal avenues, including disparate impact, to pursue lenders whose practices discriminate against...

• • Credit cards
• • Discrimination
• • Fair lending
• • Mortgages
• • Supervision

Testimony

Published JUL 28, 2011

Testimony of Dan Sokolov Before the House Subcommittee on Investigations, Oversight, and Regulations

Many small businesses today report having difficulty obtaining credit. These difficulties originated in the most severe financial crisis since the Great...

By Dan Sokolov

• • Credit cards
• • Discrimination
• • Mortgages