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America's dirtiest, biggest student lender neutralized by federal watchdog

54 minutes agoHumor / odd : Boing Boing

The Consumer Financial Protection Bureau, founded by Elizabeth Warren prior to her career as a senator, has entered into an unprecedented settlement with National Collegiate Student Loan Trusts, the largest holder of student debt in the country. (more…)

US cracks down on debt collection of private student loans

23 hours agoLifestyle / Fashion : AOL: Style

WASHINGTON, Sept 18 (Reuters) - The U.S. Consumer Financial Protection Bureau said on Monday it had ordered National Collegiate Student Loan Trusts and their debt collector, Transworld Systems, Inc to pay at least $21.6 million in penalties and restitution for illegally filing debt collection lawsuits. Read more... Permalink | Email this | Linking Blogs | Comments

Consumer watchdog agency takes another Republican jab

The Education Department calls the Consumer Financial Protection Bureau "overreaching and unaccountable."

What Is the Fate of the Consumer Financial Protection Bureau?

Sheelah Kolhatkar writes that the brainchild of Elizabeth Warren faces an uncertain future under Donald Trump.

After Helping a Big Democrat Donor, Richard Cordray Could Be Running for Governor of Ohio

The chair of the Consumer Financial Protection Bureau, Richard Cordray, has been the topic of some speculation for a while now. It seems more and more likely that when his term as CFPB chief is up this July, he’s going to begin campaigning for Ohio governor. Show More Summary

Richard Cordray could step down soon, leaving the Consumer Financial Protection Bureau in limbo

The Republican push to oust Richard Cordray as director of the Consumer Financial Protection Bureau soon might get a boost from an unexpected source: Cordray himself. Cordray’s term as the bureau’s first and only director doesn’t expire until next summer. But there is widespread speculation that...

Will Richard Cordray End Up Running for Ohio Governor?

Richard Cordray (above) might be the top guy at the Consumer Financial Protection Bureau, but there are rumors he’s eyeing a political career in a key swing state. Richard Cordray currently heads the Consumer Financial Protection Bureau (CFPB), doing the job Elizabeth Warren was originally supposed to do in Washington, D.C. Show More Summary

Will Richard Cordray end up running for Ohio Governor?

He might be the top guy at the Consumer Financial Protection Bureau, but there are rumors he's eyeing a political career in the key swing state. The post Will Richard Cordray end up running for Ohio Governor? appeared first on RedSt...

Republicans Want to Sideline This Regulator. But It May Be Too Popular.

2 weeks agoNews : NYTimes: News

The Consumer Financial Protection Bureau has collected nearly $12 billion for 29 million consumers in refunds and canceled debts. Will it be defanged?

41,000 former students of a closed college may get $183 million to pay off their student loans

The Consumer Financial Protection Bureau (CFPB) and 13 state attorneys general have reached a settlement in a case that alleges private student lender Aequitas Capital Management conducted a predatory lending scheme, CNN reported. Aequitas...Show More Summary

‘Deep’ Subprime Car Loan Delinquencies Highest Since 2007 (As Auto Dealer Offers Bad FICO Rebate!)

It was bound to happen, despite Dodd-Frank legislation and the creation of the Consumer Financial Protection Bureau following the financial crisis. The post ‘Deep’ Subprime Car Loan Delinquencies Highest Since 2007 (As Auto Dealer Offers Bad FICO Rebate!) was originally published at The Wall Street Examiner. Follow the money!

Regulators propose $183M settlement with student loan firm

Federal regulators have proposed a $183.3 million settlement with a student loan company that authorities allege engaged in predatory lending practices. The Consumer Financial Protection Bureau filed a lawsuit and … Click to Continu...

New CFPB Rule Legislates False Data to Help Trial Lawyers

The Consumer Financial Protection Bureau is accountable to no one – not even the president. And it is wreaking havoc on the very people it's supposed to help.

US House Republicans push for contempt charges against CFPB director

2 months agoLifestyle / Fashion : AOL: Style

WASHINGTON, Aug 4 (Reuters) - Republicans in the U.S. House of Representatives are pushing to hold Consumer Financial Protection Bureau Director Richard Cordray in contempt of Congress for refusing to respond sufficiently to congressional subpoenas. Read more... Permalink | Email this | Linking Blogs | Comments

House Republicans build case for contempt charges against Consumer Finance Director Cordray

2 months agoNews : The Raw Story

Republican staff members in the U.S. House of Representatives are arguing that Consumer Financial Protection Bureau Director Richard Cordray could be held in contempt of Congress for refusing to respond sufficiently to congressional subpoenas. A report issued Friday by Republican staff on the House...

The Latest: Lewandowski avoids answering about payday lender

Lewandowski isn't directly answering, but says he "doesn't make a dime" whether the head of the Consumer Financial Protection Bureau loses his job. Corey Lewandowski is parlaying his close relationship with President Donald Trump into...Show More Summary

Correcting the record: Consumers fare better under class actions than arbitration

The new arbitration rule from Consumer Financial Protection Bureau (CFPB) restores consumers’ ability to join together in class action lawsuits against financial institutions.

Trump Surrogate Suggests Consumer Protection Agency Head Should Be Ousted

2 months agoNews : Truthdig

Next on the chopping block: The CFPB? (Ted Eytan / flickr)(CC-BY-SA) Next on the Trump administration’s list of targeted institutions may well be the Consumer Financial Protection Bureau (CFPB). According to a report by The Hill, former...Show More Summary

Corey Lewandowski calls on Trump to fire Consumer Financial Protection Bureau head Richard Cordray

2 months agoNews : The Raw Story

An outside adviser to U.S. President Donald Trump called on Sunday for the firing of Consumer Financial Protection Bureau director Richard Cordray. Corey Lewandowski, Trump’s former campaign manager who still speaks regularly to the president, criticized a CFPB rule that would make it easier...

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