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Think Twice Before Borrowing for Your Kid's College

NerdWallet | Posted 02.13.2017 | College
NerdWallet

Sixty-year-old Pamela Last doesn't have a college degree -- but she has roughly $200,000 in student debt. Like a growing number of parents, Last took...

Navient lawsuit: what student loan borrowers need to know

NerdWallet | Posted 02.09.2017 | College
NerdWallet

The U.S. Consumer Financial Protection Bureau is suing Navient Corp., the nation's largest student loan servicer, accusing it of "systematically and i...

How Secure Will Cyber Security Be Under Trump?

Adam Levin | Posted 01.19.2017 | Politics
Adam Levin

I have to admit that when President-elect Trump uttered "the cyber" during the first presidential debate, I was right there with the tech community in...

Why The Consumer Financial Protection Bureau May Die -- And Why You Should Care

Christopher Elliott | Posted 12.12.2016 | Business
Christopher Elliott

Since the Consumer Financial Protection Bureau’s creation six years ago, some Republicans in Congress have wanted to kill it. They may get a clear s...

Consumer Watchdog Runs Against The Clock To Save Itself From Donald Trump

The Huffington Post | Cristian Farias | Posted 11.18.2016 | Politics

A week ahead of the deadline, the Consumer Financial Protection Bureau on Friday appealed a court ruling that could leave the independent watchdog vul...

Consumer Financial Protection Bureau Could Be Defanged Under Trump

Reuters | Jade Walker | Posted 11.11.2016 | Politics

WASHINGTON, Nov 11 (Reuters) - The U.S. Consumer Financial Protection Bureau, already in legal limbo after an October court decision, could find its p...

Wells Fargo Shows Megabanks Are Too Big to Trust

Lisa Gilbert | Posted 10.17.2016 | Politics
Lisa Gilbert

Wells Fargo Shows Megabanks Are Too Big to Trust By Lisa Gilbert and Michael Tanglis Don't hold your breath waiting for Wells Fargo to do the right t...

Elizabeth Warren’s Wall Street Watchdog Ruled Unconstitutional In Current Form

The Huffington Post | Daniel Marans | Posted 10.11.2016 | Politics

WASHINGTON ― A federal appeals panel ruled on Tuesday that the structure of the Consumer Financial Protection Bureau, the Wall Street watchdog conce...

My 2013 'Warning' Letter to Wells Fargo's CEO John Stumpf, Part II

Rebecca Warner | Posted 10.06.2016 | Business
Rebecca Warner

Last week I shared a letter I had to written to Wells Fargo CEO John Stumpf in March of 2013, regarding the intense sales culture and the negative impact it had on employees, including my sister, who was about to lose her job because she could not meet her sales goals. In that letter, I quoted to him Wells Fargo's Vision Statement:

My 2013 'Warning' Letter To Wells Fargo's CEO John Stumpf

Rebecca Warner | Posted 09.27.2016 | Business
Rebecca Warner

It comes as no surprise to me that employees at Wells Fargo resorted to dishonesty in opening bogus accounts, just to keep their jobs. Why am I not surprised? Because in 2013, after six years of employment, my sister was about to lose her job at Wells Fargo due to sales goals.

Time To Treat Bank CEOs Like Adults

Dean Baker | Posted 09.26.2016 | Business
Dean Baker

The country's major banks are like trouble-making adolescents. They constantly get involved in some new and unimagined form of mischief. Back in the housing bubble years it was the pushing, packaging, and selling of fraudulent mortgages.

The Infuriating Reason Wells Fargo Got Away With Its Massive Scam For So Long

The Huffington Post | Emily Peck | Posted 09.24.2016 | Politics

How did Wells Fargo get away with ripping off its banking customers for so long? The Consumer Financial Protection Bureau and the City of Los Angeles ...

Here's Why Republicans Are Suddenly Demanding Tougher Bank Regulation

The Huffington Post | Amanda Terkel | Posted 09.21.2016 | Politics

WASHINGTON ― Republicans don’t like the Consumer Financial Protection Bureau. They opposed the very idea of the watchdog when Elizabeth Warren fir...

Hillary Clinton Pledges To Protect Elizabeth Warren's Consumer Agency In Letter To Wells Fargo Customers

The Huffington Post | Amanda Terkel | Posted 09.20.2016 | Politics

Hillary Clinton is out with an open letter to Wells Fargo customers, pledging to protect the consumer watchdog set up by Sen. Elizabeth Warren (D-Mass...

What Will Wells Fargo CEO Tell Senate About Fiasco, Possible Exec Pay Clawbacks Tuesday?

Ed Mierzwinski | Posted 09.19.2016 | Business
Ed Mierzwinski

Wells Fargo Chairman and CEO John Stumpf goes before the Senate Banking Committee Tuesday (9/20 at 10am ET, watch live) to explain the recent $185 mil...

Wells Fargo Just Made The Case For Elizabeth Warren’s Bank Agency

The Huffington Post | Emily Peck | Posted 09.14.2016 | Business

Wells Fargo just proved, again, that no scam is beneath America’s financial institutions. And no institution is above being watched by a federal age...

Wells Fargo Will Pay $190 Million To Settle Customer Fraud Case

Reuters/HuffPost | Annum Masroor | Posted 01.10.2017 | Business

WASHINGTON, Sept 8 - Wells Fargo has long been the envy of the banking industry for its ability to sell multiple products to the same customer, but r...

Alternative Lenders Offer Opportunity For Consumers and Businesses Alike

Javier Palomarez | Posted 08.05.2016 | Business
Javier Palomarez

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. What's more, minority communities who are unbanked or underbanked will be disproportionally impacted.

Elizabeth Warren Teams Up With Obama To Tout Wall Street Reform

The Huffington Post | Sam Levine | Posted 07.23.2016 | Politics

WASHINGTON ― Sen. Elizabeth Warren (D-Mass.) joined President Barack Obama for the White House’s weekly address to tout actions the administration...

NCLR Action Fund Calls For Stronger Anti-Payday Regulations

NCLR Action Fund | Posted 07.21.2016 | Latino Voices
NCLR Action Fund

We know that payday lenders are predatory, disproportionately choosing to set up shop in communities of color. We know that Latinos are more likely than the general population to use a payday loan.

Tim Kaine Calls To Deregulate Banks As He Campaigns To Be Clinton's VP

The Huffington Post | Zach Carter | Posted 07.21.2016 | Politics

WASHINGTON ― Sen. Tim Kaine (D-Va.) is on Hillary Clinton’s short list of potential vice presidential nominees. He’s also actively pushing bank ...

The Banking Fight We Can Win Right Now

George Goehl | Posted 07.08.2016 | Politics
George Goehl

There's a big banking fight in front of us right now. It's a fight that could result in a huge win for families and a death knell for the predatory practices of an entire industry -- payday lending.

Elizabeth Warren: "I Always Poked at the Things That Scared Me Most."

Beth Kobliner | Posted 09.30.2016 | Parents
Beth Kobliner

Warren took a break from laying waste to a certain Republican presidential hopeful on social media and fending off rumors that she's on the veep shortlist to chat with me about the personal side of personal finance.

Why Google Banned Ads From Payday Loans

GOBankingRates | Posted 05.11.2016 | Business
GOBankingRates

By Laura Woods, Contributor Joining the ranks of guns, tobacco and explosives, payday loans will officially be banned from Google ads starting July 1...

Surprise! Donald Trump Is Wrong About Elizabeth Warren

The Huffington Post | Zach Carter | Posted 05.11.2016 | Politics

Elizabeth Warren has been rallying the progressive Twittersphere against Donald Trump, and the budding fascist isn't happy about it. He's now telling ...