The Trump administration on Monday took a new chance to bash the Consumer Financial Protection Bureau's push to restrict arbitration agreements, saying the regulation will only put money in the pockets of plaintiffs lawyers.
The Consumer Financial Protection Bureau is looking into whether Libre by Nexus has engaged in “unfair, deceptive, or abusive acts and practices.”
Seniors have submitted more than 72,000 complaints to the Consumer Financial Protection Bureau.
Consumer Financial Protection Bureau head Richard Cordray believed Hillary Clinton was all but set to win the 2016 presidential election, opening up an opportunity to run for the Governor of Ohio. Cordray believed if the Democrats ran the White House, his department was safe from Republican efforts to dismantle it. Show More Summary
Experts say recent disasters underscore the need for consumers to safeguard key financial papers.
Yesterday, the Consumer Financial Protection Bureau issued yet another rule that will harm consumers. A new rule on small dollar loans will kill off about 75 percent of the existing small dollar loan industry, according to the Bureau’s own figures. Show More Summary
Regulations proposed by the Consumer Financial Protection Bureau would require lenders to determine whether customers can repay within 30 days before issuing a loan.
One of the major triumphs of Elizabeth Warren's Consumer Financial Protection Bureau was a rule that banned the finance industry from using binding arbitration clauses to prevent defrauded customers from joining in class action suits to sue crooked banks. (more…)
The Consumer Financial Protection Bureau’s new rules for payday loans and car title loans have drawn the predictable cries of outrage from lenders, particularly small storefront operators who say the restrictions will put them out of business. And it’s an understandable complaint — after spending...
Around noon Thursday, Consumer Financial Protection Bureau chief and subject of hot Ohio governor’s race speculation Richard Cordray dropped the Bureau’s much-anticipated short-term lending rule, which critics say could help further his political ambitions in the Buckeye state. Show More Summary
The Consumer Financial Protection Bureau approved a rule that requires payday lenders and others to ensure that borrowers can afford the loans.
The Consumer Financial Protection Bureau approved a new rule that requires payday lenders and others to ensure that borrowers can afford the loans.
The nation’s top consumer financial watchdog on Thursday issued tough nationwide regulations on payday loans and other short-term loans, aiming to prevent lenders from taking advantage of cash-strapped Americans. The long-awaited rules from the Consumer Financial Protection Bureau would require...
A federal regulator is announcing new restrictions on the payday lending industry, a move that is likely to face resistance in Congress. The Consumer Financial Protection Bureau's finalized rules unveiled … Click to Continue »
The restrictions announced by the Consumer Financial Protection Bureau could largely eliminate an industry that churns out billions of dollars a year in high-interest loans to working-class Americans.
The Chamber of Commerce, the largest lobbying group in Washington by far has filed a lawsuit against the Consumer Financial Protection Bureau to stop customers from filing class action lawsuits. Jose Sepulveda (@josesepulvedatv) has more.
More than a dozen U.S. banks and business groups sued the Consumer Financial Protection Bureau on Friday in a last-ditch effort to block a new rule allowing consumers to band together and sue their credit card companies and other financial institutions. The lawsuit, filed in the Northern District...
More than 40% of U.S. adults struggle to make ends meet, according to Consumer Financial Protection Bureau.
Republican leaders are whipping to secure the votes to overturn a rule CFPB finalized in July, which would protect financial companies from class-action lawsuits and deny consumers a day in court. The rule is among the most consequential actions the CFPB has taken since its founding. Show More Summary
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…)