Proving once again how much disdain Republicans really have for the American public, the House passed a bill Wednesday, 250-173, to weaken the Consumer Financial Protection Bureau. Because they really, really don't want us to have any recourse against predatory businesses trying to fleece us. Show More Summary
Payday loans and other abusive high-interest loans targeting the working poor are one of the scourges of our financial system. Last month, the Consumer Financial Protection Board proposed new rules for the industry to help families avoid...Show More Summary
The Republican-controlled House has passed legislation curbing the growth of the Consumer Financial Protection Bureau, the agency established by the 2010 overhaul of financial regulations to enforce... To view the full story, click the title link.
WASHINGTON (AP) — The Republican-controlled House has passed legislation curbing the growth of the Consumer Financial Protection Bureau, the agency established by the 2010 overhaul of financial regulations to enforce laws aimed at protecting...Show More Summary
New disclosures created by the CFPB (Consumer Financial Protection Bureau) are set to go into effect on August 1, 2015. In my opinion, the new disclosures will be a huge improvement compared to the Good Faith Estimate that HUD created in 2010. At least the new disclosures will show the total payments due…and of course, […]
Every once in a while government agencies team up to take down unscrupulous operations that prey on financially vulnerable consumers. Such was the case this week when the Consumer Financial Protection Bureau and the Federal Trade Commission...Show More Summary
The Consumer Financial Protection Bureau says a company that collected debt payments didn't properly disclose the fees
The Consumer Financial Protection Bureau (CFPB) has released its final interpretation of a regulation that outlines mortgage lenders' duty to provide mortgage applicants with housing counselor information...
By Kyle Younker A sweeping new regulatory proposal that aims to protect consumers from unaffordable cycles of debt could ensnare the companies they borrow from in a debt trap of their own. That’s because the Consumer Financial Protection Bureau (CFPB) has the core practices of payday lenders in its sights. Payday lenders [...]
Just two months after the Consumer Financial Protection Bureau (CFPB) took action against lender NewDay Financial LLC for deceptive mortgage advertising and kickbacks, the nonbank mortgage lender is under siege again...
Nearly 20 percent of U.S. consumers with credit records — 42.9 million people — have unpaid medical debts, according to the Consumer Financial Protection Bureau. With mobile payments expected to reach grow from $52 billion in 2014 to...Show More Summary
The U.S. Senate is expected to begin considering financial regulatory reform legislation this week that would create a new federal watchdog agency in charge of regulating all forms of consumer credit, including private student loans....Show More Summary
[Next week, the U.S. House of Representatives is planning to consider legislation that would overhaul the government’s financial regulatory system. As part of that bill, Congress would create a new federal agency that would aim to protect consumers from predatory lending practices. Show More Summary
Continuing its streak of taking action against mortgage lenders accused of engaging in deceptive advertising practices, the Consumer Financial Protection Bureau (CFPB) announced today that it has fined RMK Financial Corp., $250,000 for misrepresenting to consumers that it was affiliated with the U.S. Show More Summary
While it’s never too late to become financially literate, it certainly helps if you start early. That’s why the Consumer Financial Protection Bureau is launching a national effort to improve financial education in schools. The new educational...Show More Summary
Information security is perhaps the busiest technology sector right now. And with good cause - hardly a week goes by without a major organization suffering a financially damaging, credibility crucifying and consumer confidence bruising data breach - Target, Anthem, JP Morgan Chase, Ebay - the list goes on. So for [...]
On March 31, the Department of Education met with a group of student loan borrowers at a meeting hosted by the Consumer Financial Protection Bureau. These borrowers, organized by a group known as the Debt Collective, borrowed substantial...Show More Summary
If you’re still digesting the Consumer Financial Protection Bureau’s (CFPB) 1,888-page TILA-RESPA Integrated Disclosures (TRID) rule, the bureau has more reading for you to do: Two lengthy updates to the examination procedures it will...Show More Summary
With four months to go before the mortgage application process gets a total overhaul, the Consumer Financial Protection Bureau (CFPB) is beginning to educate consumers on the changes they can expect to encounter if they purchase a home after August...
Students protesting their student loan repayment options may have something, at least when it comes to private student loans. If they go into default, they have less recourse against them. According to the Consumer Financial Protection Bureau: "The short answer is no, unless they have a court order. If your loan is [...]