Newsroom

We are committed to fulfilling our statutory responsibilities and delivering value to American consumers. This means being accountable and using our...

"This draft statement shows consumers the breakdown of their mortgage payments – what money goes to the loan principal, interest, and fees," said CFPB...

That is why we are taking action on the mortgage servicing front to help consumers as quickly as possible.

"The provisions relating to the Servicemembers Civil Relief Act (SCRA) in this agreement will help ensure that members of the military won't be denied...

The settlement will provide $25 billion in financial relief to distressed homeowners and establish new servicer standards of conduct.

Today, I will spend most of my time providing an update on where we stand in developing our bank and nonbank supervision programs.

I said that I would always welcome your thoughts about our work. I stand by that commitment. I am pleased to be here with you today to tell you about our...

The Repeat Offenders Against Military (ROAM) Database will track completed enforcement actions against companies and individuals who repeatedly scam...

Moreover, we need and want to hear from you. At every stage, I believe that input from Congress will help improve our work and our ability to deliver real...

"Entering this agreement with the FTC is important to making sure markets for consumer financial products are getting efficient and effective federal...

Servicemembers, veterans and their families are eager to earn college degrees. And there is an increasing effort by for-profit colleges to enroll them, due...

Under the new rule, remittance transfer providers will generally be required to disclose the exchange rate and all fees associated with a transfer so that...

Payday loans are short-term, high-cost loans made in exchange for a commitment to repayment from the person's next paycheck. According to reports from the...

The hearing coincides with the publication of the Bureau's Short-Term, Small-Dollar Lending Procedures – a field guide CFPB examiners will use to make sure...

When honest businesses prosper, your communities flourish. And when communities flourish, America's economy can thrive in ways that are felt by all of our...

Last week, under the new leadership of Director Richard Cordray, the CFPB launched the nation's first federal nonbank supervision program with the authority...

Like the FDIC, the CFPB was created in reaction to a crisis in the American financial system to correct market failures that harmed an overwhelming number...

These procedures are a field guide for CFPB examiners looking at mortgage originators in both the bank and nonbank sectors of the industry.

CFPB Director Richard Cordray today named Raj Date the agency's first Deputy Director. Date has been leading the day-to-day...

This will be an extension of the CFPB’s bank supervision program that began last July and will ensure that banks and nonbanks follow federal consumer financial laws.

I am honored to serve as the first Director of the Bureau and to work with the talented and committed team we are building there.

The CFPB is welcoming information about potential violators from current or former employees, contractors, vendors, and competitor companies. The Dodd-Frank...

Some of the specific challenges they raised include the underreporting of fraudulent and other abusive practices, the need for more robust centralized...

Today, at a news conference in Cleveland, Ohio, the Bureau launched a new Know Before You Owe project aimed at simplifying credit card agreements so that...

Today, I'm excited to announce another Know Before You Owe project aimed at simplifying credit card agreements so that the prices and terms are easier for...