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Cfpb

An Open Letter to the CFPB

Bill Bartmann | Posted 01.23.2014 | Business
Bill Bartmann

Having spent a lot of time thinking about this problem, I want to offer to you five simple ideas that will suppress the "criminal enterprise", uplift families, protect the safety and soundness of the banking system and ensure a functional credit and debt collection process.

Shahien Nasiripour

Biggest Student Lender Faces More Trouble

HuffingtonPost.com | Shahien Nasiripour | Posted 10.29.2013 | Politics

Sallie Mae on Monday disclosed new federal probes targeting possible violations of consumer protection laws -- a sign that Washington is ramping up s...

Tyler Kingkade

Some People With Student Debt Are Actually Getting Some Help

HuffingtonPost.com | Tyler Kingkade | Posted 10.29.2013 | College

Hundreds of college graduates facing hurdles repaying their private student loans are getting out of trouble with help from the Consumer Financial Pro...

Watchdogging Private Student Loan Companies

Ethan Senack | Posted 01.23.2014 | College
Ethan Senack

The Consumer Financial Protection Bureau's public complaints database levels the playing field for private student loan borrowers -- giving aggrieved private student borrowers true negotiating strength in a financial marketplace that is tilted toward banks.

Shahien Nasiripour

Dire Warning On Student Loans

HuffingtonPost.com | Shahien Nasiripour | Posted 10.22.2013 | Politics

The consumer finance regulator has recommended broad reforms to the student loan industry and has raised concerns with federal oversight that has fail...

Student Loan Forgiveness: Available for Many, Used by Few

Ethan Senack | Posted 01.23.2014 | College
Ethan Senack

Public service jobs are critical for our nation's future -- from teaching our kids to keeping our communities safe -- and many college grads are eager to put their new skills to work in these kinds of careers. But crushing levels of debt often make it too hard.

Student Loan Borrowers Complain Lenders Are Doing A Terrible Job Handling Their Debt

AP | KIMBERLY HEFLING | Posted 10.16.2013 | College

WASHINGTON -- WASHINGTON (AP) — Federal officials have received more than 3,800 complaints in the last year from borrowers of private student loans,...

Protect Student Consumers on Campus

Ethan Senack | Posted 01.23.2014 | College
Ethan Senack

In recent years, we've seen a major spike in deals that allow financial service providers to disburse federal financial aid to students through products like debit cards. These deals, which have raised serious concerns from consumer advocates, were shown to have significant risks for students.

The $4 Billion Question: Do We Value JPMorgan More Than Consumer Protection?

Francisco Enriquez | Posted 01.23.2014 | Business
Francisco Enriquez

Is $4 billion in taxpayer money better spent subsidizing JPMorgan's alleged criminal activity or funding the federal agency charged with defending consumers from dangerous financial products?

Tyler Kingkade

CFPB: Campus Debit Card Deals Are Hurting Students

HuffingtonPost.com | Tyler Kingkade | Posted 09.30.2013 | Business

College students are losing money by opening accounts with banks and other financial institutions that charge unnecessary fees while maintaining arran...

Amanda Terkel

GOP's Least Favorite Projects Will Keep Running During Government Shutdown

HuffingtonPost.com | Amanda Terkel | Posted 09.28.2013 | Politics

WASHINGTON -- If Congress can't pass legislation to keep the government funded by Monday at midnight, the Smithsonian museums will close, the Centers ...

Shahien Nasiripour

Public Shaming For Big Student Loan Servicer

HuffingtonPost.com | Shahien Nasiripour | Posted 09.26.2013 | Politics

A federal consumer regulator has taken aim at the Department of Education’s preferred companies for servicing the agency’s $1 trillion in student ...

Mississippians Report Financial Challenges to Consumer Protection Bureau

Bill Bynum | Posted 11.24.2013 | Impact
Bill Bynum

A big obstacle is the closing of bank branches in small towns and low-income neighborhoods. "When the bank told us they were leaving in five weeks, it set off a small panic," said Kenneth Broome, the mayor of Utica, Miss.

Millions Qualify For Use Loan Forgiveness, But Aren't Taking Advantage Of It

AP | PHILIP ELLIOTT | Posted 08.30.2013 | College

WASHINGTON -- More than 33 million workers qualify to have their student loans forgiven because they work in schools, hospitals or city halls, but too...

A Strong Dose of Mo Needed

Rev. Seamus P. Finn, OMI | Posted 10.23.2013 | Business
Rev. Seamus P. Finn, OMI

Slogans and promises alone will not be the solution. We need to get the rules and regulations that respond to real needs and to the needs of communities across the country.

Zach Carter

Consumer Watchdog Finds Mortgage Abuses Still Rampant

HuffingtonPost.com | Zach Carter | Posted 08.22.2013 | Politics

The Consumer Financial Protection Bureau on Wednesday issued a report detailing a host of failures in basic mortgage payment processing at U.S. financ...

Watchdog Investigating Sketchy Bank Practice

Reuters | Emily Stephenson | Posted 08.21.2013 | Business

WASHINGTON (Reuters) - The U.S. consumer watchdog said on Wednesday it has found problems with mortgage servicing at banks and other financial firms, ...

Larry Summers Helped Torpedo Elizabeth Warren CFPB Nomination

The Huffington Post | Zach Carter | Posted 08.08.2013 | Politics

Former Obama administration economic adviser Larry Summers helped torpedo a bid from current Sen. Elizabeth Warren (D-Mass.) to head the Consumer Fina...

Shahien Nasiripour

U.S. Probes Whether Student Loan Companies Cheat Soldiers

HuffingtonPost.com | Shahien Nasiripour | Posted 08.01.2013 | Politics

The U.S. Department of Justice is investigating whether student loan companies are cheating active-duty soldiers as the historically lightly regulated...

All About the Consumer Financial Protection Bureau

Dedrick Muhammad | Posted 09.28.2013 | Black Voices
Dedrick Muhammad

The federal watchdog agency protects consumers by enforcing fairness and transparency around financial products and services, providing information around numerous topics such as financial scams, predatory lending, mortgages and college loans.

The Next Nuclear Test

Doug Kendall | Posted 09.24.2013 | Politics
Doug Kendall

If Senate Republicans follow through on threats to prevent confirmation of any of Obama's nominees to the U.S. Court of Appeals for the D.C. Circuit under the fig leaf of an argument about whether this court needs more judges, we could quickly be back to the nuclear brink.

Obama Commends Cordray Confirmation, Work Of CFPB

AP | DARLENE SUPERVILLE | Posted 09.19.2013 | Politics

WASHINGTON — President Barack Obama is commending the work of a consumer protection agency created after the economic crisis. The Consumer Fina...

Friday Talking Points -- Harry Reid Has a Good Week, Mitch McConnell Does Not

Chris Weigant | Posted 09.18.2013 | Politics
Chris Weigant

As America's children grow up and enter into the health insurance marketplace on their own, they will be the first generation who simply will not understand what the terms 'pre-existing condition' and 'lifetime cap' mean.

Obama Praises Long-Stalled Nominee

AP | JIM KUHNHENN | Posted 09.16.2013 | Politics

WASHINGTON — After a three-year political battle, Republicans have agreed to a remarkable concession over the powers of a new federal agency des...

Amanda Terkel

WATCH: Elizabeth Warren's Big Smile After Senate Confirms Richard Cordray To Her Consumer Board

HuffingtonPost.com | Amanda Terkel | Posted 07.17.2013 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) could hardly hide her excitement on Tuesday, when the Senate finally voted to confirm Richard Cordray as...