Privacy groups want the Consumer Financial Protection Bureau and the Federal Trade Commission to get involved.
According to a new report, Wells Fargo is the latest big-name bank to be scrutinized as part of the Consumer Financial Protection Bureau’s ongoing investigation into student loan servicing practices. The Wall Street Journal, citing people...Show More Summary
The Consumer Financial Protection Board is turning its attention to student loans; one problem is that borrowers are not advised of all their options.
On the Web Sue the Bank? You May Get Your Shot - Wall St. Journal - "The Consumer Financial Protection Bureau is moving toward new rules giving borrowers more rights to sue banks and credit-card companies..." On the Wires Non-Cash Payments...Show More Summary
The Consumer Financial Protection Bureau is considering a rule that would prohibit consumer credit firms from requiring customers to sign away their right to sue.
The Consumer Financial Protection Bureau is to propose rules to stop companies from barring customers from filing class-action suits as a condition of getting credit cards.
The West Virginia State Attorney General is suing VW for violating the consumer protection act there. If the automaker loses the case, it could face serious financial losses, including large payments to consumers and the state government. Show More Summary
A day nearly two years in the making is finally here: The Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosure rule -- which has come to be known as “TRID,” but the bureau prefers that people begin to think of it as the “Know Before You Owe” rule -- formally takes effect on Saturday, Oct....
Updated rules from the Consumer Financial Protection Bureau are intended to facilitate borrowers’ attempts to review and compare several loan offers.
For the second time this week, the Consumer Financial Protection Bureau has flexed its muscles when it comes to reining in unscrupulous indirect auto loan financiers. Just days after taking action against Fifth Third Bank for auto-lending...Show More Summary
Some servicers may not tell borrowers about easier payments plans unless they specifically ask, according to a report from the federal Consumer Financial Protection Bureau.
WASHINGTON -- Several House Democrats are preparing to join a GOP assault on the Consumer Financial Protection Bureau -- the agency designed by Sen. Elizabeth Warren to defend households from predatory lending. Republicans hope to hamstring the CFPB by replacing its director with a bipartisan five-member commission. Show More Summary
Starting Saturday, the real-estate industry will be subject to new disclosure rules, courtesy of the Dodd-Frank law and the Consumer Financial Protection Bureau. Lenders will be required to make transparent and complete disclosure of the terms of mortgages — including all costs and fees. This information was sorely lacking during the boom in the 2000s. Residential...Read More
The federal Consumer Financial Protection Bureau said Tuesday it is weighing new rules governing the $1.3 trillion student loan market after releasing a stinging report documenting "widespread failures" in an industry largely overseen...Show More Summary
Earlier this year, the Consumer Financial Protection Bureau launched a public probe into potentially anti-consumer practices of the student loan servicing industry. More than 30,000 people responded, leading the Bureau, along with the...Show More Summary
The Consumer Financial Protection Bureau says borrowers are reporting widespread problems with the companies servicing their student loans. Continue reading ? The post Consumer agency will consider industry rules to better manage student loans appeared first on PBS NewsHour.
WASHINGTON (Reuters) - The U.S. consumer watchdog reported widespread failures in the servicing of student loans on Tuesday and urged new rules to protect borrowers. Among the problems cited by the Consumer Financial Protection Bureau:...Show More Summary
A New Jersey-based bank has agreed to pay a $33 million settlement after it was found to have engaged in discriminatory lending. According to the Department of Justice and The Consumer Financial Protection Bureau, Hudson City Savings...Show More Summary
New York has become the first US state to issue a bitcoin license. Circle Internet Financial will now have to follow some of the same consumer protection regulations that affect traditional banks. The state came up with the idea of a specific BitLicense back in January 2014 but had yet to issue one. Show More Summary
``Circle Internet Financial has outlined security, capitalization, controls against money laundering and other measures intended to protect consumers and root out illicit transactions, the Department of Financial Services said Tuesday.''