The Consumer Financial Protection Bureau has stepped up pressure on independent banks and lenders such as Wells Fargo to treat their borrowers better.
Customers say they want to keep the right to sue, and the Consumer Financial Protection Bureau has proposed a ban on such moves by banks.
If you’re not prepared for it, homeownership can be a serious financial burden . When the burden becomes so overwhelming that consumers face foreclosure, the Consumer Financial Protection Bureau (CFPB) aims to help with certain rules for mortgage servicers. Recently, they made some changes to those rules. Read more...
The Consumer Financial Protection Bureau's (CFPB) proposed rule on short term credit unveiled last month has spurred much debate. While the Bureau says it wants to protect consumers, I'm concerned that the rule will have the exact opposite impact, eliminating credit for millions of Americans and making many worse off. Show More Summary
The Consumer Financial Protection Bureau has issued new rules aimed at protecting widowed homeowners from a red-tape nightmare that has caused them to lose their homes to foreclosure. The regulations, announced Thursday, generally give surviving spouses who are not on a mortgage note the same protections...
When the Consumer Financial Protection Bureau (CFPB) announced several changes to the closing process that became effective in October, real estate agents and brokers had a few major concerns about the new rules. The biggest initialShow More Summary
The Consumer Financial Protection Bureau receives more complaints about debt collection than any other issue.
The Consumer Financial Protection Bureau is taking its first step toward reining in debt collectors, releasing an early outline of rules aimed at preventing them from harassing consumers and trying to collect debts that don’t exist. The proposal, which will be discussed Thursday at a CFPB hearing...
The Consumer Financial Protection Bureau proposals aim to strengthen federal efforts to clamp down on collectors who hound people for debts they may not owe.
I spoke at one of Washington DC’s larger economic think tanks several years ago where people were cheering the creation of the Consumer Financial Protection Bureau (CFPB) and the end of subprime lending. My remark was: “As soon as we...Show More Summary
In a letter co-signed by 15 other Senate Democrats — and every Senate Republican — Kaine asked the Consumer Financial Protection Bureau to exempt community banks and credit unions from many of its regulatory requirements. In justifying...Show More Summary
Alternative lending arose from the financial crisis of 2008, in part, as a solution for business owners that were constantly getting turned down for capital. Some would say the industry has done a great job of helping small businessShow More Summary
Consumer Financial Protection Bureau director Richard Cordray delivers remarks during a public meeting of the Financial Literacy and Education Commission at the U.S. Treasury on June 29. His agency is awaiting a ruling on a constitutional challenge filed by a New Jersey company.(Photo by Pete Marovich/Getty Images) A highly anticipated decision [...]
Modern consumers are becoming increasingly concerned about privacy and security in the wake of major data breaches and the increasing vulnerability of their personal and financial information. Personal information is a precious commodity, and even one small data breach could result in a disaster for your customers and your business. Show More Summary
Teach kids about money early on, and those lessons will stick with them down the road. The Consumer Financial Protection Bureau (CFPB) just released a fun book club to help kids learn important lessons about money. Read more...
In this time of partisan gridlock, it's rare to see a federal policy move than can be of real help to small businesses and their customers. The rule recently released by the Consumer Financial Protection Bureau (CFPB) aimed at curbing...Show More Summary
By Sarah N. Lynch WASHINGTON (Reuters) - The U.S. Consumer Financial Protection Bureau said on Thursday that Santander Bank would pay $10 million to settle charges that it engaged in illegal overdraft practices. The regulator said the...Show More Summary
(Paul Mirengoff) The Consumer Financial Protection Bureau was designed by the Obama administration, under the leadership of Elizabeth Warren, pursuant to the Dodd-Frank Act. One of its purposes is to root out discrimination in financial markets. Show More Summary
BIGOTRY RAMPANT INSIDE AGENCY OBAMA CREATED TO FIGHT FINANCIAL BIAS: Employees of the Consumer Financial Protection Bureau are coming forward in droves talking about widespread racial, gender and ethnic discrimination within the workforce there, according to Richard Pollock of the Daily Caller News Foundation Investigative Group. Things are so bad in one key division of […]
Director of the Consumer Financial Protection Bureau Richard Cordray waits for the beginning of a hearing before the Senate Banking, Housing and Urban Affairs Committee on April 7 in Washington, D.C. His agency has filed a lawsuit that asks a federal judge to let it regulate companies that purchase structured [...]