Newsroom

These comments contain unique, detailed, and personal depictions of consumer experiences with private student loan debt.

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...

These rules, which the CFPB expects to propose this summer and finalize by January 2013, would make it easier for consumers to understand mortgage costs and...

So mortgage reform is appropriately front and center on the CFPB’s agenda.

The IT Handbook consists of 11 booklets covering a variety of technology and technology-related risk management guidance for financial institutions and...

Let me emphasize at the outset that we all have certain goals in common: a strong and vibrant financial sector; the ability to earn and maintain the...

The Consumer Financial Protection Bureau (CFPB) announced the selection of Stuart Ishimaru to head the newly established Office of Minority and Women Inclusion (OMWI).

At the Consumer Bureau, we take this mandate very seriously. We understand how important it is to include women and people of color in our work. And so we...

To successfully navigate our complex financial system, all Americans, regardless of income and level of educational attainment, must be equipped with the financial knowledge and skills sufficient to make informed financial choices.

Today the CFPB launched a public inquiry into how consumers and financial services companies are affected by arbitration and arbitration clauses.

The mortgage market failed to make good credit decisions; it failed to take smart risks; and, maybe worst of all, it failed to clean up its own mess.

In a bulletin, the CFPB states that, consistent with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), a state may grant a...

You, the National Community Reinvestment Coalition, have stepped up to preserve and expand on that foundational principle of our nation by working to...

From my work with Jump$tart over the years, I know you to be a leader in improving financial literacy from kindergarten to college.

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