Newsroom | Consumer Financial Protection Bureau

Testimony

Published MAR 16, 2016

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...

Press release

Published MAR 15, 2016

CFPB Takes Action to Shut Down Illegal Student Debt Relief Scheme

Student Loan Processing.US and Owner Charged Student Loan Borrowers Millions in Illegal Fees Today the Bureau requested that a federal district court enter...

Speech

Published MAR 09, 2016

Prepared Remarks of CFPB Director Richard Cordray at the Consumer Bankers Association

Good morning and thank you for inviting me today. For the past four years, we have had a vigorous and productive dialogue with the Consumer Bankers...

Press release

Published MAR 08, 2016

CFPB Supervision of Banks and Nonbanks Recovers $14.3 Million for Consumers

CFPB Examiners Uncover Illegal Auto Defaults of Student Loans and Other Violations Today the Bureau released its latest supervision report where the exams...

Press release

Published MAR 07, 2016

CFPB Now Accepting Complaints on Consumer Loans from Online Marketplace Lender

Bureau Releases Consumer Bulletin with Information and Tips on Marketplace Lending Today, the Bureau announced it is accepting complaints from consumers...

Press release

Published MAR 02, 2016

CFPB Takes Action Against Dwolla for Misrepresenting Data Security Practices

Payment Processor Deceived Consumers About the Data Security Risks of Using Its Online System The Bureau today took action against online payment platform...

Press release

Published MAR 02, 2016

CFPB Establishes Process to Consider Applications to Designate Additional Areas as “Rural”

Rules Set For Petitions by Lenders Operating Outside of Previously-Designated Rural Areas The Bureau today announced an application process for requests...

Press release

Published MAR 01, 2016

CFPB Monthly Complaint Snapshot Examines Prepaid Complaints

Report Also Includes Look at Consumer Complaints from Texas and the Houston Metro Area Today, the Bureau released its latest monthly consumer complaint...

Speech

Published FEB 25, 2016

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

I want to welcome you all to this meeting of the Consumer Advisory Board. I hope you do not mind me saying that I really love these gatherings. The members...

By Richard Cordray

Press release

Published FEB 23, 2016

CFPB Orders Citibank to Provide Relief to Consumers for Illegal Debt Sales and Collection Practices

Citibank Sold Credit Card Debt with Inflated Interest Rates; Debt Collectors for Citibank Altered Affidavits The Bureau today took two separate actions...

Speech

Published FEB 23, 2016

Prepared Remarks of CFPB Director Richard Cordray at the Credit Union National Association

Good morning and thank you for inviting me to join you today. For more than four years now, the Bureau and America's credit unions have developed a mutual...

Speech

Published FEB 18, 2016

Prepared Remarks of CFPB Director Richard Cordray at the American Constitution Society

Thank you to the American Constitution Society for inviting me to speak today as part of the Access to Justice Series. I have a deep appreciation for the...

Press release

Published FEB 18, 2016

CFPB Finalizes Policy to Facilitate Consumer-Friendly Innovation

Bureau Publishes Policy to Reduce Potential Regulatory Uncertainty for Innovative Products that Promise Significant Consumer Benefits Today, the Bureau...

Testimony

Published FEB 11, 2016

Written Testimony of CFPB Acting Deputy Director David Silberman Before the House Committee on Financial Services Subcommittee on Financial Institutions and Consumer Credit

Chairman Neugebauer, Ranking Member Clay, and Members of the Subcommittee, thank you for the opportunity to testify today about the Bureau's extensive and...

Speech

Published FEB 04, 2016

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

Thank you and I am glad the Commission is focusing on post-secondary education and financial inclusion, each of which affects the financial well-being of...

Speech

Published FEB 03, 2016

Prepared Remarks of CFPB Director Richard Cordray at a Field Hearing on Checking Account Access

Thank you for joining us today in Louisville to talk about individual checking and savings accounts. When I think about these deposit accounts, I am...

By Richard Cordray

Press release

Published FEB 03, 2016

CFPB Takes Steps to Improve Checking Account Access

CFPB Concerned that Screening Inaccuracies and Lack of Account Options are Keeping Consumers Out of the Banking System Today the Bureau is taking steps to...

Press release

Published FEB 02, 2016

CFPB and DOJ Reach Resolution With Toyota Motor Credit To Address Loan Pricing Policies With Discriminatory Effects

Minority Borrowers Who Paid Higher Rates for Auto Loans Will Receive Up to $21.9 Million.

Press release

Published JAN 28, 2016

CFPB Monthly Complaint Snapshot Examines Debt Settlement, Check Cashing, and Other Financial Service Complaints

Report Includes Look at Consumer Complaints from New York State and the New York City Metro Area Today, the Bureau released its latest monthly consumer...

Press release

Published JAN 21, 2016

CFPB Takes Action Against Herbies Auto Sales for Unlawful Lending Practices

Subprime "Buy Here Pay Here" Dealer Hid Finance Charges, Deceived Consumers The Bureau today took action against Herbies Auto Sales, a buy-here pay-here...

Press release

Published JAN 12, 2016

CFPB Releases Guide to Help Consumers Navigate Pension Payouts

Guide Highlights Trade-Offs Between Lump-Sum and Lifetime Monthly Payout Options Today the Bureau is releasing a guide to help consumers navigate their...

Press release

Published JAN 07, 2016

CFPB Seeks Public Input on Mortgage Lending Information Resubmission Guidelines

The Bureau today announced it is seeking public feedback on the resubmission of mortgage lending data reported under the Home Mortgage Disclosure Act...

Press release

Published JAN 07, 2016

David Silberman Named Acting Deputy Director of the CFPB

The Bureau today announced that David Silberman will serve as Acting Deputy Director beginning next week, replacing Meredith Fuchs. Silberman currently...

Press release

Published DEC 28, 2015

CFPB Takes Action to Stop Illegal Debt Collection Lawsuit Mill

Order Would Bar Georgia Law Firm from Churning Out Illegal Collections Lawsuits and Require $3.1 Million Penalty Today, the Bureau filed a proposed consent...

Press release

Published DEC 22, 2015

CFPB Monthly Complaint Snapshot Examines Money Transfer Complaints

Report Also Includes In-Depth Look at Consumer Complaints from Georgia Today, the Bureau released its latest monthly consumer complaint snapshot...