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Privacy Groups, Senators Want T-Mobile, Experian Probe

Privacy groups want the Consumer Financial Protection Bureau and the Federal Trade Commission to get involved.

Wells Fargo Reportedly Under Federal Investigation Related To Student Loan Servicing

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

Fair Game: A Student Loan System Stacked Against the Borrower

The Consumer Financial Protection Board is turning its attention to student loans; one problem is that borrowers are not advised of all their options.

Headline News from - October 7, 2015

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

Feds May Order Financial Firms To Allow Class Action Lawsuits

3 days agoNews : The Two-Way

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.

Protection Bureau Seeks End to Arbitration-Only Credit Clauses

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.

West Virginia sues VW for fraud, asks for major financial penalty

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

It’s the day before ‘the day the world changed’ — are you ready for TRID?

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....

Your Money Adviser: New Mortgage Rules and How to Make the Most of Them

Updated rules from the Consumer Financial Protection Bureau are intended to facilitate borrowers’ attempts to review and compare several loan offers.

L.A.-Based Auto Lender Must Pay $48M In Fines, Refunds For Illegal Collections

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

Your Money Adviser: Loan Servicers Faulted for Some Student Loan Problems

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.

House Democrats Joining GOP Attack On Elizabeth Warren's Agency

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

Oh, No! Disclosure is Going to Mess Up Housing Sales!

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

Consumer Regulator Considers Student Loan Rules To Fix 'Widespread Failures'

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

Feds Recommend Overhaul Of Student Loan Servicing

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

Consumer agency will consider industry rules to better manage student loans

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.

U.S. consumer agency slams student loan servicers, eyes reforms

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

New Jersey Bank Slapped With $33 Million Discriminatory Lending Fine

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

US Issues First Bitcoin License

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

New York Regulator Issues First Bitcoin License to Company

``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.''

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