Consumer Financial Protection Bureau Director Richard Cordray If the Consumer Financial Protection Bureau has done nothing else, it has demonstrated just how loathsome the too-big-to-fail banks are to Americans. (And it has done much...Show More Summary
Here's an interesting factoid: People tend to incur overdraft fees on debit card transactions of $24 or less and repay the charges within three days, according to the Consumer Financial Protection Bureau. But here's a scary thought: Take those same metrics and put them into lending terms. If a person borrowed $24 for three days from a bank and paid […]
In a new report released on Wednesday, the Consumer Financial Protection Bureau said fees for customers who overdraw their accounts continue to pile up, particularly among young people.
A company that lured servicemen and women into bad debt for consumer electronics gets busted for good by the Consumer Financial Protection Bureau. The post Lender That Preyed Upon 17,000 Military Men And Women Must Forgive Debts, Quit Business appeared first on ThinkProgress.
One of the main results of the banking crisis that brought the Great Recession was a new law created to protect the consumer through the Consumer Financial Protection Bureau. Unfortunately, this has only moved the focus for predatory lenders to small businesses. Show More Summary
If you put out a complaint box for customers of US banks and financial firms, you will get hundreds of thousands of complaints. That's what the Consumer Financial Protection Bureau—which was set up by Elizabeth Warren before she became a US senator—has discovered. Show More Summary
Through the actions of multiple federal agencies — the Department of Education, Securities and Exchange Commission, and Consumer Financial Protection Bureau — the Obama Administration has succeeded in wiping out a major for-profit education provider with thousands of employees and 72,000 students, all without bringing a legal charge. Show More Summary
If the thought of losing one’s home wasn’t bad enough, finding out that you’ve been ripped off by the companies promising to help must be even worse. Today, the Consumer Financial Protection Bureau, along with the Federal Trade Commission...Show More Summary
Three years ago today the US Consumer Financial Protection Bureau opened its doors. It was a new government agency produced by the Dodd-Frank Act: part of Congress' attempt to address the rampant misconduct by banks, mortgage lenders,...Show More Summary
Four years ago, the Consumer Financial Protection Bureau was created – and three years ago it opened its doors – as a safeguard to ensure the financial industry followed the rules when selling products and services to consumers – and a lot has happened since that time. From returning billions of dollars to consumers who were wrong by financial services … [More]
Just in time for the fourth anniversary of its creation, the Consumer Financial Protection Bureau announced its expanding the type of consumer complaints it accepts to include prepaid cards and other nonbank products. Consumers who encounter...Show More Summary
Despite increased efforts by Environmental Protection Agency officials to explain and defend the proposed Waters of the United States rule, farm groups continue to have concerns. The American Farm Bureau Federation this week sent Congress...Show More Summary
Members of the Lebanon police force’s “Moral Protection Bureau” alleged to be carrying out physical tests on men suspected to be homosexual, according to the Independent. The tests, which include forcible anal probing, have been banned in the country, and...
Sometimes consumers want to voice their complaints knowing it will remain a private matter; other times they just want to shout it for all to hear. A new proposal from the Consumer Financial Protection Bureau would give consumers that...Show More Summary
The Consumer Financial Protection Bureau is accusing a debt-collection law firm based in Georgia of running a massive and under-supervised lawsuit mill that over the last four years churned out more than 350,000 collection complaints against consumers, many of whom may not actually owe debts or owe less than the amounts claimed.
RACISM IN ELIZABETH WARREN’S SIGNATURE AGENCY: Staffer: CFPB Run Like A “Plantation.” “A former employee of the Consumer Financial Protection Bureau (CFPB) on Wednesday compared the workplace atmosphere to a ‘plantation,’ because of how black employees such as himself were treated. Show More Summary
Another payday lender faces a hefty fine — to the tune of $10 million — for allegedly pushing borrowers into a cycle of debt. The Consumer Financial Protection Bureau announced Thursday that it was seeking an enforcement action against ACE Cash Express, one of the largest payday lenders in the United States, for allegedly engaging in illegal debt collection practices … [More]
When the Consumer Financial Protection Bureau implemented rules to protect consumers from getting caught in mortgage “debt traps” earlier this year, the regulators may have missed one section of not-so-typical borrowers: consumers who...Show More Summary
A U.S. company is again in the cross-hairs of Beijing’s environmental protection bureau.
Possible presidential candidate Sen. Elizabeth Warren (D-MA), who came up with the idea and led the start-up of the “Consumer Financial Protection Bureau” as a federal watchdog to prevent financial institutions from abusing U.S. consumers,...Show More Summary