Consumer Financial Protection Bureau

Debt-collection lawsuits are roaring back, along with an old ruse that victimizes borrowers

Esther Roman, a 60-year-old grandmother in Brooklyn, was alarmed when she noticed in January that her $300 weekly paycheck was $27.99 short. She …

Finance

How Much Should Parents Borrow for Their Kid's College?

Sending your kid off to college is a happy milestone for most parents, but figuring out how to pay for it can be overwhelming.<p>The average annual cost …

College & University

What we’re reading: Elizabeth Warren and the “persistence”

This site uses cookies to enhance your reading experience. By using this site, you consent to our use of cookies.Okay<p>Latest Stories<p>18 mins ago / …

Health Care

Consumer Financial Protection Bureau Brings Banking Panel to Boiling Point

Nomination of Kathy Kraninger strains previously buddy-buddy relationship<p>Kathy Kraninger’s confirmation hearing was as politically contentious as …

Politics

Private Pension Product, Sold by Felon, Wipes Investors Out

Scott Kohn, a 64-year-old felon, ran a company from a Nevada strip-mall mailbox that investors claim took them for more than $100 million in losses.<p>Mr. Kohn’s company, Future Income Payments, appears shut, according to court filings. His investors are likely to be wiped out, according to lawyers …

Investing

Bitcoin at 2-Month High After South Korea Regulator Reshuffle

© Reuters. Bitcoin was higher on Monday.<p>Investing.com - Bitcoin was at a two-month high on Monday as South Korea reshuffled its financial watchdog …

South Korea

Ohio school collapse hangs over battle for governor

<b>WILL A FAILED VIRTUAL CHARTER HAUNT REPUBLICANS COME NOVEMBER?</b> Ohio Democrats for years have complained about the state’s welcome of virtual charter schools, which educate thousands of kids who log on at home.<p>— <b>Then, in January, the Electronic Classroom of Tomorrow — one of the nation’s largest K-12</b> …

New Mexico

Colleges have an obligation to make financial aid information understandable (opinion)

What information should a financial aid award letter provide? Is an award letter more like a college catalog, providing nothing but the facts, or …

College & University

For eight years, the Dodd–Frank legislation has worked to help protect consumers and prevent Wall Street greed from ruining our economy. At the same time, corporate CEOs and their allies have tried to gut it at every turn and go back to the shady practices that led to the financial crisis.

<i>Statement by AFL-CIO President Richard Trumka on the eve of the eighth anniversary of the Dodd</i><i>–</i><i>Frank Wall Street Reform and Consumer Protection …

Wall Street

Brett Kavanaugh Will Fit Right In at the Pro-Corporate Roberts Court

Corporate interests haven’t had it so good at the Supreme Court in a long time.<p>Under Chief Justice John Roberts Jr. the court has given big business a leg up on workers, unions, consumers and the environment — and will do so even more aggressively if the Senate confirms Brett Kavanaugh, President …

Opinion

Elizabeth Warren Is Waging a Full-Body Fight to Defeat Trump

It was unremittingly hot at the farm in Natick, Massachusetts, where 1,500 people had gathered on the Sunday after the Fourth of July. Remarkably, …

Hillary Clinton

A David versus Goliath story

From the day it opened its doors, the agency has been under attack. And in the years since then, the banking industry, their lobbyists, and their …

Liberal View

How your local U.S. lawmaker voted

Here’s how area members of Congress voted on major issues in the week ending July 20.

Donald Trump

Wells Fargo refunding tens of millions of dollars to customers for hidden charges

Wells Fargo is getting ready to refund tens of millions of dollars to customers.

Wells Fargo

US Trial Bar Leader Says Kavanaugh Could 'Dramatically Affect Consumer Rights'

<i>Elise Sanguinetti.</i><p>The American Association for Justice’s new president, Elise Sanguinetti, came on board this month right after President Donald …

Law

Week’s Best: Wells Fargo’s Woes, Cetera’s Deal, Dead Robos

By<p>July 20, 2018 1:45 p.m. ET<p>The trade war, if we can call it that, simmered along this week, apparently dampening stock market results even in the …

Stock Markets

CFPB Reaches $30M Settlement With TCF National Bank

<i>Bureau of Consumer Financial Protection offices in Washington, D.C. Photo: C. Ryan Barber/ALM</i><p>TCF National Bank has agreed to pay $30 million to …

Law

TCF agrees to pay $30 million to settle dispute over the way it offered overdraft protection

The bank broke no rules but acknowledged it may have confused customers.

Customers

Wall Street reform law enacted, July 21, 2010

On this day in 2010, President Barack Obama signed into law a measure aimed at overhauling the financial services industry.<p>The Wall Street Reform and Consumer Protection Act grew out of the Great Recession (2007-09) with the intent of preventing another collapse of a major financial institution. It …

Wall Street

Watch Liz Warren Yell At Trump Nominee For Being In The Trump Administration

7:00 PM 07/19/2018<p>Kathy Kraninger, President Donald Trump’s nominee to lead the consumer finance bureau, took a lot of tough questions during the …

Donald Trump

Federal Court Hands Trump a Win, Brings Rogue Agency Under Tighter Control

President Donald Trump will soon be able to use his famous catch-phrase against the head of a troubled federal agency, the Fair Housing Finance …

Conservative View

The new Republican Gilded Age

The Republican Party has the run of the federal government. What sort of society do they wish to create? The Gilded Age — an often-overlooked period …

U.S. Politics

Most Online Borrowers Pay Big Overdraft Fees, Study Says

High-interest online loans can come at a price that goes well beyond their high interest rates, according to a new study: most borrowers end up …

Finance

Senator Cortez Masto Will Not Support Trump's CFPB Nominee – Bloomberg

Senator Cortez Masto Will Not Support Trump's CFPB Nominee<p>Senator Cortez Masto Will Not Support Trump's CFPB Nominee<p>Senator Cortez Masto Will Not …

Donald Trump

Business News, Personal Finance and Money News - ABC News

Amazon: Prime Day breaking records despite glitches<p>Amazon's website, mobile app crash during Prime Day<p>How to score the biggest deals this Amazon …

Stock Markets

Still Not Tired of All the Winning at CFPB

Are you tired of all the winning yet?If you are a conservative who has followed the trajectory of the Consumer Financial Protection Bureau (CFPB), …

Conservative View

House approves spending bill that would give Fed control of Volcker Rule

The House appropriations bill would also expedite the appeals process for CFPB examination decisions and reduce the number of times big banks must …

Federal Reserve

Would Trump’s CFPB pick silence consumers?

The agency’s consumer complaints database must remain available to the public to help prevent further abuses.

Finance

CFPB fines Alabama lender but suspends most of penalty

The bureau determined that Triton Management Group had unfairly charged Mississippi consumers excess interest in violation of state law.

Finance

Protect Your Kids From Identity Theft by Freezing Their Credit

If you’ve taken steps to protect yourself from identity theft, good on you. But if you’re a parent, you’re not done yet—your kid could very well end …

Identity Theft