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
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 [...]
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 [...]
The TILA-RESPA Integrated Disclosure Rule (TRID) was put into force on August 2015 by the Consumer Financial Protection Bureau (CFPB). The documents required by TRID that were discussed in the first 3 parts of this series dealt withShow More Summary
GOT A CREDIT CARD OR A MORTGAGE? THEN CFPB KNOWS ALL ABOUT YOU: Officials at the Consumer Financial Protection Bureau – the hybrid financial regulatory agency President Obama and a Democratic Congress created in 2010 – are accumulating what may well be the world’s largest database of information on American consumers. And CFPB’s bureaucrats refuse […]
New guidelines from the Consumer Financial Protection Bureau are certain to face legal challenges, but those claims will probably fail.
Wasserman Schultz co-sponsored legislation in the U.S. House of Representatives to roll back proposed Consumer Financial Protection Bureau protections against predatory lending practices. Such practices often prey on those in poverty...Show More Summary
The Consumer Financial Protection Bureau (CFPB) plans to crack down on payday lenders, moving to regulate high-interest, low dollar loans that are made by storefront lenders to an estimated 12 million lower-income households living paycheck...Show More Summary
The Consumer Financial Protection Bureau is cracking down on some of the payday lending industry’s most abusive practices, and boy are payday lenders getting whiny about it. So very whiny—and all kinds of poutraged. “The CFPB has made...Show More Summary
A borrower taking out a $500 loan could still pay over 300 percent in annual interest, despite new rules designed to crack down on predatory small-dollar lending out Thursday from the Consumer Financial Protection Bureau (CFPB). -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. Show More Summary