CFPB Rules Establish Strong Protections for Homeowners Facing Foreclosure
The CFPB's mortgage servicing rules ensure that borrowers in trouble get a fair process to avoid foreclosure. Borrowers shouldn't have to worry about...
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CFPB Proposes Rules to Protect Mortgage Borrowers
"These proposed rules would offer consumers basic protections and put the Ôservice' back into mortgage servicing. The goal is to prevent mortgage servicers...
Prepared Remarks by Richard Cordray in a Mortgage Servicing Proposed Rules Press Call
But the major failures in this industry demonstrate that all servicers need to meet basic standards of good customer service. So today we are announcing...
No Más: Prepared Remarks by Director Cordray to the National Council of La Raza
The foreclosure crisis had a devastating impact on median wealth in this community in particular. And now you and everyone else are dealing with a dried-up...
Written Testimony of Holly Petraeus before the Senate Committee on Banking, Housing and Urban Affairs
First and foremost are the financial concerns of military homeowners.
Prepared Remarks by Richard Cordray at Military Permanent Change of Station (PCS) Guidance for Mortgage Servicers Press Conference
We want to make sure that mortgage servicers comply with the laws that prohibit unfair, deceptive, or abusive practices when it comes to a servicemember's...
Prepared Remarks by Holly Petraeus at Military Permanent Change of Station (PCS) Guidance for Mortgage Servicers Press Conference
We're pleased to have the support of the prudential regulators who signed the guidance we're announcing today – the Federal Reserve Board, the FDIC, the...
Prepared Remarks by Richard Cordray before the U.S. Chamber of Commerce
And we have certain goals in common: a strong and vibrant financial sector; a highly competitive economy that works for Americans in both the short run and...
Holly Petraeus Statement on the Servicemember Protections in the Mortgage Servicing Settlement
"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...
CFPB Director Richard Cordray Statement on the Mortgage Servicing Settlement
The settlement will provide $25 billion in financial relief to distressed homeowners and establish new servicer standards of conduct.
Remarks by Raj Date at the Consumer Federation of America’s Financial Services Conference
I’d like to thank everyone at the CFA for your leadership and extraordinary work on consumer financial reform on behalf of ordinary Americans.
Remarks by Raj Date at American Banker’s Regulatory Symposium
We are here today to discuss the Dodd-Frank Act and its implications for consumers, businesses, and the economy. From my, admittedly biased, perspective...
Statement by Holly Petraeus to the forum, Fighting on the Homefront: Wrongful Foreclosures Against Military Families
Congress, in creating the OSA, recognized that protecting our servicemembers from suffering financial repercussions for answering the call to service is not...
Testimony of Elizabeth Warren Before the House Financial Services Committee
Today, we are pleased to report that we firmly believe in the importance of making prices clearer, making risks more obvious, and cutting back on the fine...
Partnering: The Consumer Financial Protection Bureau and State Attorneys General
it is our objective to make sure that markets for consumer financial products and services operate transparently and efficiently to facilitate access and...
Joanne Alter Women in Government Lecture
It is an honor to be here to commemorate Joanne Alter, whose commitment to meaningful change – both inside and outside of government, despite all odds –...
Foreclosure Scandal Shows Need for Consumer Agency
The practices now under investigation took root and grew because there was no single federal regulator with both the responsibility and the tools to look out for consumers.
Priorities for the New Consumer Financial Protection Bureau
It has a chance to define clear goals for the agency and a chance to set a direction that is good for families, good for those in the industry who want to...
Main Street First: Fixing Broken Markets and Rebuilding the Middle Class
I am also glad to help set this new agency on the path to strengthen the economic health of American families.
Fighting to Protect Consumers
President Obama understands the importance of leveling the playing field again for families and creating protections that work not just for the wealthy or...