As a result of these rising costs, more consumers need loans in order to afford college. By the end of last year, outstanding student loan debt was more...
Chairman Johnson, Ranking Member Crapo, and members of the Committee: I am honored to be here once again as the nominee to serve as the Director of the CFPB.
For two years now, the Bureau has enjoyed a relationship with the credit unions based on mutual respect and a common understanding of who it is we serve:...
The CFPB has found that private student loan borrowers who wish to pay their loans, but face high payments, lack alternative repayment and refinance options.
Since we first became an independent agency, the Consumer Bureau has been focused on the financial issues that are common to the everyday lives of most...
To better understand the market, the CFPB is publishing today a Notice and Request for Information on the topic of campus financial products. Campus...
The Student Lending Examination Procedures are an extension of the CFPB's General Supervision and Examination Manual and will be used as a field guide by...
Based on the adjustments announced today, the protections of the Truth in Lending Act and the Consumer Leasing Act generally will apply to consumer credit...
The marketplace can be a hostile place for those who are struggling to stay afloat, who may often pay higher prices for consumer goods, including financial...
Financial institutions expect borrowers to hold up their end of the bargain when it comes to mortgages and student loans. Shouldn’t we expect the same of them?
The hurdles they describe range from not being able to get the information they need, to being met with roadblocks when they do try to pursue their benefits.
According to the report, private student loan borrowers say they are sometimes surprised by the terms and conditions of their loans, they are given the...
Through our regulatory tools, we have proposed smarter rules that will help fix the broken mortgage market with common-sense solutions. We are writing rules...
As the report shows, we have been using all of the tools at our disposal to help protect consumers across this country. We pledge to continue our work to...
For millions of Americans, student loans have opened doors to a college degree — offering new opportunities to create a better, more secure life. But...
The Consumer Financial Protection Bureau is issuing a consumer advisory today to all students expecting to receive scholarship and student loan proceeds onto – what appears to be – a school-endorsed debit card.
Today's report covers the Bureau's actions from January 1, 2012 through June 30, 2012. It showcases how the Bureau has used its multiple authorities...
Although I often heard about the issues I mentioned, I was surprised to hear at nearly every stop about the challenges that servicemembers and Education...
For millions of Americans, student loans have opened doors to a college degree— offering new opportunities to create a better life. But the rapid growth of...
The "Financial Aid Shopping Sheet" gives college-bound students what they have been craving: real numbers and a format that makes sense of a huge financial...
According to the CFPB's estimates, outstanding student loan debt in the United States topped $1 trillion in 2011 — $864 billion of federal student debt and...