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VA Releases Interim Rule On Qualified Mortgages

Chris Birk | Posted 07.15.2014 | Business
Chris Birk

Under the interim rule, all purchase and refinance loans that receive a VA guaranty would be classified as safe harbor Qualified Mortgages, except for certain VA Streamline refinance loans.

Tim Geithner Criticizes Elizabeth Warren In New Book

The Huffington Post | Igor Bobic | Posted 05.12.2014 | Politics

Timothy Geithner had some critical words for Sen. Elizabeth Warren (D-Mass.) in a new memoir reflecting upon his time as treasury secretary before and...

Zach Carter

Elizabeth Warren: Obama Team 'Chose Wall Street Instead Of American Families'

HuffingtonPost.com | Zach Carter | Posted 05.06.2014 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) discussed her relationship with President Barack Obama in an interview Monday with HuffPost Live, faulti...

Protecting You From Credit Report Errors, Unreliable Scores

Pamela Banks | Posted 06.14.2014 | Business
Pamela Banks

Aleta from Mena, Arkansas, has had a hard time getting a decent rate on a car loan all because of a mistake on her credit report. The problem started...

Quiz: Which For-Profit College Are You?

David Halperin | Posted 05.31.2014 | Business
David Halperin

Time to find out how badly you rip off students and taxpayers.

Why More Credit Scores Are Better Than Fewer Credit Scores

CreditSesame.com | Posted 05.28.2014 | Money
CreditSesame.com

Whether it's free from a lender, through any number of websites or through the purchase of a credit monitoring service, any time we can expose consumers to credit scores and the context around how that score was calculated, consumers benefit.

This GOP Rep May Have Spoken Too Soon On Credit Card Fraud

The Huffington Post | Chris Gentilviso | Posted 03.13.2014 | Politics

Two months after 70 million Americans were hit by a Target data breach, one member of Congress is grappling with his own credit card issue. Last w...

Shahien Nasiripour

Student Loan Borrowers Win As Education Department Reverses Course

HuffingtonPost.com | Shahien Nasiripour | Posted 03.13.2014 | Politics

Borrowers with federal student loans may now access the U.S. government's latest rankings of loan specialists after the Department of Education on Tue...

Warning: Groupon May Be Dangerous to Your Wealth

Norman I. Silber | Posted 05.06.2014 | Money
Norman I. Silber

Merchants basically get it -- to many of them, Groupon looks less like an innovative advertising mechanism than a loan broker, arranging bundles of small loans from consumers, and taking a substantial cut... Consumers don't often see this side of the equation.

House GOP Votes To Take 'Consumer' Out Of Consumer Financial Protection Bureau

Reuters/The Huffington Post | Posted 04.29.2014 | Politics

By Emily Stephenson WASHINGTON, Feb 27 (Reuters) - The Republican-led U.S. House of Representatives passed a bill on Thursday to overh...

BREAKING: Federal Consumer Agency Sues For-Profit College ITT Tech

David Halperin | Posted 04.28.2014 | Business
David Halperin

The federal Consumer Financial Protection Bureau this morning filed a civil lawsuit against for-profit college company ITT Educational Services, see...

Shahien Nasiripour

Student Loan Companies Face New Scrutiny For Bad Practices Against Borrowers

HuffingtonPost.com | Shahien Nasiripour | Posted 02.05.2014 | Politics

Companies that collect student loan payments may have a financial incentive to stymie borrowers who wish to quickly repay their debts, a top federal r...

Shahien Nasiripour

Sallie Mae Expects $70 Million Hit Off Investigations Into Wrongdoing

HuffingtonPost.com | Shahien Nasiripour | Posted 01.25.2014 | Politics

Sallie Mae, the nation's largest student loan company, said it expects to spend $70 million to deal with a torrent of government probes into its busin...

Will CFPB's New Mortgage Disclosure Forms Help Borrowers Select the Best Mortgage Type?

Jack M. Guttentag | Posted 11.11.2014 | Business
Jack M. Guttentag

The Consumer Financial Protection Bureau has developed two new disclosure forms designed to make the mortgage process more manageable for borrowers. But which will help borrowers select the type of mortgage that best meets their needs?

Student Loans Got You Down? 5 Tips to Make Them More Affordable

Ethan Senack | Posted 03.10.2014 | College
Ethan Senack

Dealing with students loans can be stressful -- even overwhelming. Here are a few tips to minimizing how much you pay and keeping your debt manageable.

Shahien Nasiripour

Federal Reserve Asks Financial Industry Lobbyists For Personnel Recommendations

HuffingtonPost.com | Shahien Nasiripour | Posted 01.23.2014 | Politics

Financial industry lobbyists are among those being asked to suggest who should replace Sandra Braunstein, the retiring Federal Reserve official who ov...

My 2013 'McLaughlin Awards' [Part 2]

Chris Weigant | Posted 02.26.2014 | Politics
Chris Weigant

Welcome back to our annual year-end awards column! Part one of this column ran last week, just in case you missed it. We've got a lot to cover, so let's jump right in with no further introduction.

Will Borrowers Now Be Protected Against Unjustified Price Increases?

Jack M. Guttentag | Posted 11.11.2014 | Money
Jack M. Guttentag

The applicant who sent the email wanted an answer to one simple question: Were the changes justified or not?

Tyler Kingkade

Financial Institutions Pressured To Reveal Details On Controversial Campus Debit Cards

HuffingtonPost.com | Tyler Kingkade | Posted 01.23.2014 | College

The Consumer Financial Protection Bureau urged a number of financial institutions on Tuesday to disclose how much money they are paying colleges and u...

Friday Talking Points -- Republican Sandwich Filling Hits The Fan

Chris Weigant | Posted 02.12.2014 | Politics
Chris Weigant

One bit of minor calendar news before we get on with it: for the next two weeks, this column will be on hiatus. Instead, it will be pre-empted by our annual awards columns where we note the notable and laud the laudable from the past year.

Elizabeth Warren Tames a Corporate Psychopath

Mike Frenkel | Posted 02.01.2014 | Business
Mike Frenkel

I expected one of those, "We're sorry" replies from the CFPB. Instead, a mere four days after I had filed my complaint, I received a written apology from the bank, a waiver of all penalty fees and the promise to "escalate this matter for further policy review."

Finally, a Chance to Curb the Abuses of For-Profit Colleges

David Halperin | Posted 01.23.2014 | Business
David Halperin

It seems that the powerful for-profit college industry, which has used its taxpayer-provided riches -- up to $33 billion a year -- to buy the most expensive lawyers and lobbyists, and the allegiance of many in Congress to keep the money flowing, is finally on the run.

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...