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Consumers say debt collectors defy requests to stop calling

Three out of four consumers said debt collectors ignored their requests to stop calling, according to a survey released by the Consumer Financial Protection Bureau, which detailed “troubling” practices in the multibillion-dollar industry. Consumers told the CFPB that they often felt threatened...

Trump takes aim at Elizabeth Warren's brainchild

Donald Trump and Massachusetts Senator Elizabeth Warren sparred throughout the presidential campaign, and now the President-elect is setting his sights on the Consumer Financial Protection Bureau. That's an agency established in 2011. Show More Summary

Good-bye, consumer financial protection, it was nice while it lasted

Popular vote loser Donald Trump is likely to nominate former Rep. Randy Neugebauer (R-TX) to replace Richard Cordray at the Consumer Financial Protection Bureau, Huffington Post reports: When he was in Congress, Neugebauer opposed CFPB actions like the first-ever federal rule cracking down on payday loans. Show More Summary

Federal Agency Says Consumers Feel Threatened By Debt Collectors

3 days agoNews : The Two-Way

A survey by the Consumer Financial Protection Bureau finds that more than 1 in 4 Americans contacted by collectors feel threatened. The bureau is revamping rules for the industry.

Trump Moves Closer To Gutting Elizabeth Warren's Consumer Watchdog

4 days agoNews : Huffington Post

NEW YORK ? Big business and congressional Republicans salivate at the idea of gutting the Consumer Financial Protection Bureau, the brainchild of Sen. Elizabeth Warren (D-Mass.). Now, President-elect Donald Trump is moving toward what they’ve long wanted: a weak agency that sides with financial predators over consumers. Trump met with former Rep. Show More Summary

New year, new team: CFPB kicks off 2017 with leadership changes

As the Consumer Financial Protection Bureau (CFPB) continues to battle legal challenges to its single-director organizational structure, the bureau recently added five new members to its executive team...

Two GOP senators want Trump to remove consumer bureau chief Richard Cordray

Two Republican senators are asking President-elect Donald Trump to quickly remove Richard Cordray, the director of the Consumer Financial Protection Bureau, setting up a potential legal and political showdown over the controversial agency. "It's time to fire King Richard," said Sen. Ben Sasse (R-Neb.)...

TransUnion, Equifax Fined for Misleading Consumers with Credit Scores

Do you know your credit score? Chances are, says the Consumer Financial Protection Bureau, the score you pay for may not be exactly the same as what a lender sees. And that's a problem, says the bureau, because two of the three largest credit reporting agencies have been selling credit scores that don't match the criteria lenders use.

2 Essential Takeaways Business Owners Can Learn From Wells Fargo's Accounts Scandal

By Peter Kozodoy Sad as it is to admit, Wells Fargo's accounts scandal came at a fortuitous time, just as a Republican takeover bolstered stock prices across the entire financial sector. On Sept. 8, the Consumer Financial Protection Bureau, L.A. Show More Summary

Credit reporting agencies behaving badly

last weekHumor / odd : TYWKIWDBI

"... on Tuesday, the Consumer Financial Protection Bureau announced that two of the three major credit-reporting agencies responsible for doling out those scores—Equifax and Transunion—have been deceiving and taking advantage of Americans. Show More Summary

Your Money Adviser: A Settlement Highlights the Complexity of Credit Scores

The Consumer Financial Protection Bureau said two credit bureaus had deceived customers into buying scores of questionable value. Experts say consumers have multiple scores, not just one.

Will Trump Take the Poisoned Chalice of Firing CFPB Director Richard Cordray?

Why firing Consumer Financial Protection Bureau Director Richard Cordray would probably turn out to be a win for Democrats.

TransUnion, Equifax broke federal law by misrepresenting credit score usefulness, CFPB says

The Consumer Financial Protection Bureau today said Equifax and TransUnion lied to consumers about the credit scores they paid for. The two bureaus, which are two of the big three, misrepresented that the scores consumers purchased would help them evaluate their own credit standing. Show More Summary

Credit score companies must refund $17.7 million to customers

The Consumer Financial Protection Bureau has fined two of the three largest credit-reporting agencies in the country for misrepresenting the scores they sold to consumers. TransUnion and Equifax were ordered to pay a combined $17.        

2 Credit-Reporting Agencies Must Pay $23 Million for Deceptive Practices

The Consumer Financial Protection Bureau fined TransUnion and Equifax for deceiving customers about the usefulness of credit scores and the cost of obtaining them.

The GOP Is Looking to Fire One of the Few Adversaries of Wall Street Who’s Slated to Stay in Power

Richard Cordray can’t be fired without cause from the Consumer Financial Protection Bureau until 2018. But the GOP is determined to find a cause.

Mortgage lender PHH asks court to deny CFPB rehearing

When a federal appeals court made a controversial decision that the Consumer Financial Protection Bureau’s (CFPB) single-director organizational structure is "unconstitutional," it was no surprise that the CFPB asked the court to reconsider...

CFPB Will Likely Issue Rule Targeting Arbitration Before Trump Takes Over, Attorney Says

The attorney who pioneered the use of pre-dispute arbitration provisions in consumer contracts believes it is “very likely” that the Consumer Financial Protection Bureau will finalize its proposed set of rules prohibiting arbitration clauses that prevent class action lawsuits before President-Elect Donald Trump’s inauguration next month. Kaplinsky, leader of the Consumer [...]

Supreme Court Should Protect Consumers from the Consumer Financial Protection Bureau

Imagine that your company’s board chairman, against the wishes of the board of directors and in contravention of the corporate charter, hires an interim CEO. Despite that illegal action, the interim CEO disciplines you in some manner. Show More Summary

Retirement Wellness: Toward a More Complete Framework

While many Americans are focused on providing a financially successful retirement for themselves, I believe that we also should also be aware of the importance of retirement wellness. The U.S. Consumer Financial Protection Bureau defines financial well-being as "a state of being wherein you: Have control over day-to-day, month-to-month finances; Have [...]

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