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The GOP doesn’t oppose Richard Cordray. It opposes his whole agency.

Harry Reid could go nuclear this summer. Reid is looking to take dramatic action to get Richard Cordray confirmed as head of the Consumer Financial Protection Bureau (CFPB). And according to reports this week, he’s likely to push for a major … Continue reading ?

CFBP, Protect Us From State Lotteries

The recently formed Consumer Protection Bureau (CFBP) has regulations concerning disclosures on bank teller machines, Loan Originator Compensation Requirements, and credit card fees, among many others. Isn’t it about time that thoseShow More Summary

Reid Preps Summer Showdown on Filibuster

On Tuesday, Senate Majority Leader Harry Reid pushed back a vote to confirm Richard Cordray until July. President Obama recess appointed Cordray to head the new Consumer Financial Protection Bureau and needs to be permanently confirmed by the Senate. Show More Summary

Why the nominating fights are on hold (but not for long)

A week ago, it looked like the Senate was gearing up for some major nominating fights. Richard Cordray's nomination to lead the Consumer Financial Protection Bureau was ready to be brought the floor, as were Thomas Perez's Labor Secretary nomination and Gina McCarthy's EPA nomin …

No, the federal government does not profit off student loans

If you’re sick of having to make student loan payments, you’re not alone. A recent report from the Consumer Financial Protection Bureau estimates that there 38 million student loan borrowers in the United States and the total debt load has … Continue reading ?

Consumer Bureau Takes Aim at Dallas Builder

On Friday, the Consumer Financial Protection Bureau ordered a Texas builder to compensate the government to settle kickback allegations.

Senate filibuster showdown brewing

Earlier this week, Harry Reid hinted that he might use the Richard Cordray nomination to the Consumer Financial Protection Bureau, a nomination over which Republicans have maintained a filibuster spanning two Congresses, to test his caucus's appetite for real reform. Show More Summary

4 Dirty Secrets of So-Called Installment Loans

There’s been a lot of chatter about the risk of payday loans lately, prompted by a new report from the Consumer Financial Protection Bureau that called them “a long-term, expensive debt burden.” But there’s another, fast-growing category...Show More Summary

Don't Bluff If You're Not Gonna Fire, Harry

Reid edges toward nuclear option to force a vote on Cordray nomination for Consumer Financial Protection Bureau....

CFPB employees vote to join a federal union

By Kate Davidson, Politico Pro Employees at the Consumer Financial Protection Bureau aren’t just looking out for consumers’ interests — they’re looking out for their own jobs, too.

Consumer Bureau Workers Vote to Unionize

Workers at the federal Consumer Financial Protection Bureau voted to join the National Treasury Employees Union.

Cash America International, Inc. (CSH), EZCORP Inc (EZPW), and World Acceptance Corp. (WRLD): Good Old Days For Payday Lending Stocks Could Be Ending

All eyes are turning to the payday lending industry again, thanks to the almost-two-year-old Consumer Financial Protection Bureau (CFPB). A recently released white paper called “Payday Loans and Deposit Advance Products” has caused a lot of chatter, bringing me to believe that more regulations for the industry are imminent. For investors, publicly traded payday lending [...]

Banks Borrow Money at Low Rates, Why Can’t Students?

Senator Elizabeth Warren, the architect of the Consumer Financial Protection Bureau, introduced a bill in Congress to give student borrowers a break. The premise is that students, whose education is important to the economic growth of the United States, should receive some of the same advantages as banks, who receive preferential treatment in the form [...]Show More Summary

CPJ condemns expulsion of New York Times reporter from Pakistan

New York, May 10, 2013 - The Committee to Protect Journalists calls on Pakistan's interim government to reverse its decision to expel New York Times bureau chief Declan Walsh from the country. The order comes on the eve of national elections which will bring about the first successful change...

NTEU wins election to represent Consumer Financial Protection Bureau employees

Employees of the Consumer Financial Protection Bureau this week elected the National Treasury Employees Union to become the first labor group to represent them, the union announced Friday. The Federal Labor Relations Authority, which oversees such elections, has confirmed the … Continue reading ?

CFPB Student Loan Ombudsman Now Taking Questions On Reddit

In a series of posts on Consumerist, Rohit Chopra, the Consumer Financial Protection Bureau’s Student Loan Ombudsman, answered readers’ questions about comparing, paying for, and getting out from under student loans. If you missed it, or didn’t get your question answered, head on over to Reddit where Rohit is currently taking part in an Ask Me Anything session with … [More]

Student debt is a 'roadblock' to opportunity for millions, report says

Crushing student debt is not only killing dreams, it’s hurting the broader economy. The Consumer Financial Protection Bureau (CFPB) is warning of the “potential domino effects” to the economy of high student debt. A just-released report from the con …

New rule makes it easier for stay-at-home partners to qualify for a credit card

Spouses or unmarried partners who run the home will no longer be penalized for their lack of income when they apply for a credit card. A new rule from the Consumer Financial Protection Bureau (CFPB) removes an unanticipated roadblock resulting from the Credit Card Accountability …

CFPB Charges Two Lawyers in Debt Relief Scam

The Consumer Financial Protection Bureau today filed suit against two lawyers and two debt relief companies, alleging they charged thousands of consumers illegal advance fees and left some worse off financially. One of the lawyers, Michael Levitis, also faces face...

U.S. brings charges in first criminal case for consumer agency

NEW YORK (Reuters) - Federal authorities announced fraud charges against a debt settlement company on Tuesday, in the first criminal case based on work by the new Consumer Financial Protection Bureau.

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