The Consumer Financial Protection Bureau, founded by Elizabeth Warren prior to her career as a senator, has entered into an unprecedented settlement with National Collegiate Student Loan Trusts, the largest holder of student debt in the country. (more…)
WASHINGTON, Sept 18 (Reuters) - The U.S. Consumer Financial Protection Bureau said on Monday it had ordered National Collegiate Student Loan Trusts and their debt collector, Transworld Systems, Inc to pay at least $21.6 million in penalties and restitution for illegally filing debt collection lawsuits. Read more... Permalink | Email this | Linking Blogs | Comments
A US consumer protection watchdog agency said Thursday it has begun an investigation into a massive data breach at credit bureau Equifax that may have leaked sensitive information on 143 million people.
Identity thieves got access to personal information on 143 million Americans by hacking into credit reporting bureau Equifax's data base in late July. If you have credit, you're screwed. Thanks Equifax. Equifax is one of three major companies that tracks the credit worthiness of American consumers. Show More Summary
On Thursday, a massive data breach at credit bureau Equifax compromised the personal information of as many as 143 million people. Frank Abagnale probably isn't surprised. You may recognize his name from the 2002 movie "Catch Me If You...Show More Summary
The Education Department calls the Consumer Financial Protection Bureau "overreaching and unaccountable."
Sheelah Kolhatkar writes that the brainchild of Elizabeth Warren faces an uncertain future under Donald Trump.
The chair of the Consumer Financial Protection Bureau, Richard Cordray, has been the topic of some speculation for a while now. It seems more and more likely that when his term as CFPB chief is up this July, he’s going to begin campaigning for Ohio governor. Show More Summary
The Latest on the head of national consumer protection bureau addressing annual Labor Day crowd (all times local): 1:20 p.m. An Obama administration holdover under heat in Washington has promoted … Click to Continue »
The Republican push to oust Richard Cordray as director of the Consumer Financial Protection Bureau soon might get a boost from an unexpected source: Cordray himself. Cordray’s term as the bureau’s first and only director doesn’t expire until next summer. But there is widespread speculation that...
Richard Cordray (above) might be the top guy at the Consumer Financial Protection Bureau, but there are rumors he’s eyeing a political career in a key swing state. Richard Cordray currently heads the Consumer Financial Protection Bureau (CFPB), doing the job Elizabeth Warren was originally supposed to do in Washington, D.C. Show More Summary
He might be the top guy at the Consumer Financial Protection Bureau, but there are rumors he's eyeing a political career in the key swing state. The post Will Richard Cordray end up running for Ohio Governor? appeared first on RedSt...
The Consumer Financial Protection Bureau has collected nearly $12 billion for 29 million consumers in refunds and canceled debts. Will it be defanged?
The Consumer Financial Protection Bureau (CFPB) and 13 state attorneys general have reached a settlement in a case that alleges private student lender Aequitas Capital Management conducted a predatory lending scheme, CNN reported. Aequitas...Show More Summary
It was bound to happen, despite Dodd-Frank legislation and the creation of the Consumer Financial Protection Bureau following the financial crisis. The post ‘Deep’ Subprime Car Loan Delinquencies Highest Since 2007 (As Auto Dealer Offers Bad FICO Rebate!) was originally published at The Wall Street Examiner. Follow the money!
Federal regulators have proposed a $183.3 million settlement with a student loan company that authorities allege engaged in predatory lending practices. The Consumer Financial Protection Bureau filed a lawsuit and … Click to Continu...
The Consumer Financial Protection Bureau is accountable to no one – not even the president. And it is wreaking havoc on the very people it's supposed to help.
WASHINGTON, Aug 4 (Reuters) - Republicans in the U.S. House of Representatives are pushing to hold Consumer Financial Protection Bureau Director Richard Cordray in contempt of Congress for refusing to respond sufficiently to congressional subpoenas. Read more... Permalink | Email this | Linking Blogs | Comments
Republican staff members in the U.S. House of Representatives are arguing that Consumer Financial Protection Bureau Director Richard Cordray could be held in contempt of Congress for refusing to respond sufficiently to congressional subpoenas. A report issued Friday by Republican staff on the House...