CFPB To Oversee Nonbank Student Loan Servicers

FOR IMMEDIATE RELEASE: December 3, 2013

CONSUMER FINANCIAL PROTECTION BUREAU TO OVERSEE NONBANK STUDENT LOAN SERVICERS Rule Brings New Oversight to Rapidly Growing Market Affecting Tens of Millions of Consumers

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) issued a rule today that allows the Bureau to supervise certain nonbank student . . . → Read More: CFPB To Oversee Nonbank Student Loan Servicers

CFPB Orders GE CareCredit To Refund $34.1 Million For Deceptive Health-Care Credit Card Enrollment

FOR IMMEDIATE RELEASE: December 10, 2013

CONSUMER FINANCIAL PROTECTION BUREAU ORDERS GE CARECREDIT TO REFUND $34.1 MILLION FOR DECEPTIVE HEALTH-CARE CREDIT CARD ENROLLMENT More than 1 Million Consumers Were Potential Victims of Misleading Practices

WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau is ordering GE Capital Retail Bank and its subsidiary, . . . → Read More: CFPB Orders GE CareCredit To Refund $34.1 Million For Deceptive Health-Care Credit Card Enrollment

CFPB Takes Action Against Payday Lender For Robo-Signing

FOR IMMEDIATE RELEASE: November 20, 2013

CONSUMER FINANCIAL PROTECTION BUREAU TAKES ACTION AGAINST PAYDAY LENDER FOR ROBO-SIGNING Cash America to Refund up to $14 Million for Robo-Signing and Illegally Overcharging Servicemembers

Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) today took its first enforcement action against a payday lender by ordering . . . → Read More: CFPB Takes Action Against Payday Lender For Robo-Signing

CFPB’S New Mortgage Disclosure Rules Disappoint

Statement of National Consumer Law Center at CFPB Hearing in Boston

FOR IMMEDIATE RELEASE: November 20, 2013

BOSTON─Today, the Consumer Financial Protection Bureau (CFPB) unveiled its long-awaited new mortgage disclosure forms at a public hearing in Boston. National Consumer Law Center Executive Director Willard P. Ogburn testified at the hearing. “We congratulate the . . . → Read More: CFPB’S New Mortgage Disclosure Rules Disappoint

CFPB Finalizes “Know Before You Owe” Mortgage Forms

FOR IMMEDIATE RELEASE: November 20, 2013

CONSUMER FINANCIAL PROTECTION BUREAU FINALIZES “KNOW BEFORE YOU OWE” MORTGAGE FORMS New Forms Improve Consumer Understanding, Aid Comparison Shopping, and Help Prevent Surprises

Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) is issuing a rule today requiring easier-to-use mortgage disclosure forms that clearly lay out . . . → Read More: CFPB Finalizes “Know Before You Owe” Mortgage Forms

CFPB Takes Action Against Meracord For Processing Illegal Debt-Settlement Fees

FOR IMMEDIATE RELEASE: October 3, 2013

CONSUMER FINANCIAL PROTECTION BUREAU TAKES ACTION AGAINST MERACORD FOR PROCESSING ILLEGAL DEBT-SETTLEMENT FEES Payment Processor to Pay $1.376 Million for Aiding Illegal Practices by Debt-Settlement Companies

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) announced an enforcement action against Meracord LLC, a leading debt-settlement . . . → Read More: CFPB Takes Action Against Meracord For Processing Illegal Debt-Settlement Fees

Prepared Remarks of Director Cordray at the American Banker Regulatory Symposium

FOR IMMEDIATE RELEASE: September 24, 2013

Prepared Remarks of Director Richard Cordray

American Banker Regulatory Symposium Arlington, Va. – September 24, 2013

Thank you so much for having me here today as you discuss the aftermath of the financial crisis and the future of banking regulation. I know many . . . → Read More: Prepared Remarks of Director Cordray at the American Banker Regulatory Symposium

CFPB Orders Chase and JPMorgan Chase To Pay $309 Million Refund For Illegal Credit Card Practices – Approx. 2.1 Million Consumers Receive Full Refund

FOR IMMEDIATE RELEASE: September 19, 2013

CONSUMER FINANCIAL PROTECTION BUREAU ORDERS CHASE AND JPMORGAN CHASE TO PAY $309 MILLION REFUND FOR ILLEGAL CREDIT CARD PRACTICES

Approximately 2.1 Million Consumers Receive Full Refund

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) ordered Chase Bank USA, N.A. and JPMorgan Chase Bank, . . . → Read More: CFPB Orders Chase and JPMorgan Chase To Pay $309 Million Refund For Illegal Credit Card Practices – Approx. 2.1 Million Consumers Receive Full Refund

Prepared Remarks of Director Cordray, Consumer Advisory Board Meeting, Itta Bena, Miss

FOR IMMEDIATE RELEASE: September 18, 2013

Prepared Remarks of Richard Cordray

Director of the Consumer Financial Protection Bureau

 

Consumer Advisory Board Meeting

Itta Bena, Miss.  – September 18, 2013

I would like to thank Dr. Altley, Mississippi Valley State University, and the community of Itta Bena . . . → Read More: Prepared Remarks of Director Cordray, Consumer Advisory Board Meeting, Itta Bena, Miss

CFPB Lays Out Guidelines For Protecting Servicemembers In The Payday Lending Market - CFPB Watching for Military Lending Act Violations in its Exams of Payday Lenders

FOR IMMEDIATE RELEASE: September 17, 2013

CONSUMER FINANCIAL PROTECTION BUREAU LAYS OUT GUIDELINES FOR PROTECTING SERVICEMEMBERS IN THE PAYDAY LENDING MARKET

CFPB Watching for Military Lending Act Violations in its Exams of Payday Lenders

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) released guidelines to its examiners on how . . . → Read More: CFPB Lays Out Guidelines For Protecting Servicemembers In The Payday Lending Market – CFPB Watching for Military Lending Act Violations in its Exams of Payday Lenders