The Consumer Financial Protection Bureau has stepped up pressure on independent banks and lenders such as Wells Fargo to treat their borrowers better.
On August 25, 1916, President Woodrow Wilson signed the act creating the National Park Service, a new federal bureau in the Department of the Interior responsible for protecting the 35 national parks and monuments then managed by the...Show More Summary
The $4.1 million sum includes a $3.6 million penalty to the Consumer Finance Protection Bureau and a $410,000 fund for borrowers.
Customers say they want to keep the right to sue, and the Consumer Financial Protection Bureau has proposed a ban on such moves by banks.
Yesterday I tweeted this graph of "politically motivated crimes" in Germany in the period 2006-2015. The graph comes from Rote Linie and is based on data provided by the Federal Bureau for the Protection of the Constitution (Bundesamt...Show More Summary
If you’re not prepared for it, homeownership can be a serious financial burden . When the burden becomes so overwhelming that consumers face foreclosure, the Consumer Financial Protection Bureau (CFPB) aims to help with certain rules for mortgage servicers. Recently, they made some changes to those rules. Read more...
The Consumer Financial Protection Bureau's (CFPB) proposed rule on short term credit unveiled last month has spurred much debate. While the Bureau says it wants to protect consumers, I'm concerned that the rule will have the exact opposite impact, eliminating credit for millions of Americans and making many worse off. Show More Summary
The Consumer Financial Protection Bureau has issued new rules aimed at protecting widowed homeowners from a red-tape nightmare that has caused them to lose their homes to foreclosure. The regulations, announced Thursday, generally give surviving spouses who are not on a mortgage note the same protections...
Recent research from the Bureau of Labor Statistics shows that the typical worker born in the latter years of the baby boom (1957-1964) changes jobs approximately 11 times in their lifetime. Changing jobs 11 times in your lifetime offers...Show More Summary
This year’s Census conducted by the Australian Bureau of Statistics (ABS) will not be anonymous. Your name and address information will be retained for up to four years. This new Census arrangement has privacy pundits up in arms. Yet, it’s compulsory for all Australian households to submit their information. Show More Summary
It’s unfortunate that a partisan group of Congressional representatives recently tried to turn back the clock on new rules from the U.S. Bureau of Land Management that can protect taxpayers and local communities from the needless waste of our natural gas resources and methane pollution. Show More Summary
The U.S. Bureau of Land Management should do more to protect taxpayers from unnecessary waste of their natural gas resources. That’s the main takeaway from a new report from the nonpartisan U.S. Government Accountability Office. Its findings again underline the urgent need for BLM to finalize strong new standards to reduce methane waste.
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
All that stuff you hear about how teachers unions protect bad teachers through the evils of due process and their general uniony badness? A new study for the National Bureau of Economic Research says nuh-uh. EduShyster interviews the...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 [...]