On Tuesday, Senate Majority Leader Harry Reid pushed back a vote to confirm Richard Cordray until July. President Obama recess appointed Cordray to head the new Consumer Financial Protection Bureau and needs to be permanently confirmed by the Senate. Show More Summary
A week ago, it looked like the Senate was gearing up for some major nominating fights. Richard Cordray's nomination to lead the Consumer Financial Protection Bureau was ready to be brought the floor, as were Thomas Perez's Labor Secretary nomination and Gina McCarthy's EPA nomin …
If you’re sick of having to make student loan payments, you’re not alone. A recent report from the Consumer Financial Protection Bureau estimates that there 38 million student loan borrowers in the United States and the total debt load has … Continue reading ?
On Friday, the Consumer Financial Protection Bureau ordered a Texas builder to compensate the government to settle kickback allegations.
Earlier this week, Harry Reid hinted that he might use the Richard Cordray nomination to the Consumer Financial Protection Bureau, a nomination over which Republicans have maintained a filibuster spanning two Congresses, to test his caucus's appetite for real reform. Show More Summary
There’s been a lot of chatter about the risk of payday loans lately, prompted by a new report from the Consumer Financial Protection Bureau that called them “a long-term, expensive debt burden.” But there’s another, fast-growing category...Show More Summary
Reid edges toward nuclear option to force a vote on Cordray nomination for Consumer Financial Protection Bureau....
By Kate Davidson, Politico Pro Employees at the Consumer Financial Protection Bureau aren’t just looking out for consumers’ interests — they’re looking out for their own jobs, too.
Workers at the federal Consumer Financial Protection Bureau voted to join the National Treasury Employees Union.
All eyes are turning to the payday lending industry again, thanks to the almost-two-year-old Consumer Financial Protection Bureau (CFPB). A recently released white paper called “Payday Loans and Deposit Advance Products” has caused a lot of chatter, bringing me to believe that more regulations for the industry are imminent. For investors, publicly traded payday lending [...]
Senator Elizabeth Warren, the architect of the Consumer Financial Protection Bureau, introduced a bill in Congress to give student borrowers a break. The premise is that students, whose education is important to the economic growth of the United States, should receive some of the same advantages as banks, who receive preferential treatment in the form [...]Show More Summary
Employees of the Consumer Financial Protection Bureau this week elected the National Treasury Employees Union to become the first labor group to represent them, the union announced Friday. The Federal Labor Relations Authority, which oversees such elections, has confirmed the … Continue reading ?
In a series of posts on Consumerist, Rohit Chopra, the Consumer Financial Protection Bureau’s Student Loan Ombudsman, answered readers’ questions about comparing, paying for, and getting out from under student loans. If you missed it, or didn’t get your question answered, head on over to Reddit where Rohit is currently taking part in an Ask Me Anything session with … [More]
Crushing student debt is not only killing dreams, it’s hurting the broader economy. The Consumer Financial Protection Bureau (CFPB) is warning of the “potential domino effects” to the economy of high student debt. A just-released report from the con …
Spouses or unmarried partners who run the home will no longer be penalized for their lack of income when they apply for a credit card. A new rule from the Consumer Financial Protection Bureau (CFPB) removes an unanticipated roadblock resulting from the Credit Card Accountability …
The Consumer Financial Protection Bureau today filed suit against two lawyers and two debt relief companies, alleging they charged thousands of consumers illegal advance fees and left some worse off financially. One of the lawyers, Michael Levitis, also faces face...
NEW YORK (Reuters) - Federal authorities announced fraud charges against a debt settlement company on Tuesday, in the first criminal case based on work by the new Consumer Financial Protection Bureau.
The Consumer Financial Protection Bureau says Mission Settlement Agency 'systematically exploited and defrauded' its clients.
In the first criminal referral from the Consumer Financial Protection Bureau, the U.S. is coming out swinging against a debt-settlement company in a new indictment. The firm has been charged with defrauding more than 1,200 people struggling...Show More Summary
(Reuters) - The Consumer Financial Protection Bureau (CPFB) expanded its probe into the car loan industry by issuing subpoenas to auto lenders over the sale of financial products like extended warranties, the Wall Street Journal reported on Thursday, c...