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Watchdog To 'Stop Discrimination In Its Tracks'

Reuters | Posted 06.18.2012 | Money

By Dave Clarke WASHINGTON, April 18 (Reuters) - The new U.S. consumer financial watchdog said on Wednesday it will aggressively pursue...

Loren Berlin

Agency Backs Down In Fight To Limit Credit Card Fees

HuffingtonPost.com | Loren Berlin | Posted 04.12.2012 | Money

The government agency tasked with protecting consumers is backing down in its fight to limit credit card fees. The Consumer Financial Protection Bu...

Paying For College Just Got A Bit Easier

Posted 04.11.2012 | Money

As millions of high school students receive college acceptance letters inviting them to embark on one of the most expensive journeys of their lives, t...

Bank Lets Old Woman Rack Up Astronomical Fees

The Huffington Post | Catherine New | Posted 04.06.2012 | Money

So much for local banks behaving better than the big ones. Webster Bank, a regional bank with 165 branches southern New England and New York, allo...

This Sneaky Trick Doesn't Work Anymore For Payday Lenders

The Huffington Post | Alexander Eichler | Posted 04.24.2012 | Business

Lately, payday lenders have been linking up with Native American tribes as a way to sidestep U.S. law. Federal authorities seem less and less willi...

Got Finance Questions? Gov't Site Offers Help

Posted 03.22.2012 | Money

It's not quite Siri, but a new online question and answer tool created by the Consumer Financial Protection Bureau is gunning to be the most comprehen...

50 Years Ago This Week, JFK Ushered in Modern Consumer Protection Era

Ed Mierzwinski | Posted 05.13.2012 | Politics
Ed Mierzwinski

As President Kennedy said fifty years ago, consumer protection "is not a game." While we haven't yet achieved all of President Kennedy's ambitious agenda "to make certain that our Nation's economy fairly and adequately serves consumers' interests," it's a cause worth fighting for.

This Guy Wants To Hear Your Student Loan Complaints

AP | By DANIEL WAGNER | Posted 03.05.2012 | Money

WASHINGTON -- The government's new consumer protection agency started accepting complaints Monday about student loans. The Consumer Financial Protect...

Catherine New

Stopping Lawless Debt Collectors From Harassing You

HuffingtonPost.com | Catherine New | Posted 03.01.2012 | Money

Cebilla DeCastro still disconnects her phone at night, afraid of the calls from creditors. The 48-year-old prep cook filed for bankruptcy in June 2...

Debt Collector Harassment Surging

Naked Capitalism | Matt Stoller | Posted 02.28.2012 | Politics

I went through the Federal Reserve’s Quarterly Release on Household Debt and Credit released today, and there were two notable trends. One is that ...

Zach Carter

CFPB Crowdsources Nominations For Key Advisory Posts

HuffingtonPost.com | Zach Carter | Posted 02.23.2012 | Politics

WASHINGTON -- In a significant break with traditional federal policy, the new Consumer Financial Protection Bureau is appealing directly to the public...

Bank of America Can Charge You This Much In Fees In One Day

The Huffington Post | Catherine New | Posted 02.23.2012 | Business

Bank of America can lift at least $140 in fees off a customer in one day if he or she doesn't have enough money in the bank. That is the high cost...

Consumer Watchdog's Latest Targets

AP | DANIEL WAGNER | Posted 04.17.2012 | Business

WASHINGTON — The nation's new cop on the consumer-finance beat is zeroing in on debt collectors and credit reporting companies. The Consumer Fi...

Catherine New

How Closed Is Your Bank Account?

HuffingtonPost.com | Catherine New | Posted 02.13.2012 | Business

Some customers who closed bank accounts at Bank of America last fall recently received an unwelcome surprise: Their accounts reopened. Perhaps even mo...

Alabama's Largest City Looks For Alternatives To Payday Lenders

The Huffington Post | Alexander Eichler | Posted 02.10.2012 | Business

The biggest city in Alabama is putting its payday lenders on notice. Bankers and community leaders in Birmingham, Alabama met Thursday to discuss d...

Michael McAuliff

GOP Senators Promise To Join Suit Against Obama Recess Appointments

HuffingtonPost.com | Michael McAuliff | Posted 02.04.2012 | Politics

WASHINGTON -- A group of 39 Republican senators signed on to a letter Friday promising to join lawsuits against President Obama's recent recess appoin...

Alice Hines

Rent-A-Center CEO: New Consumer Bureau Won’t Have Authority Over Us

HuffingtonPost.com | Alice Hines | Posted 02.03.2012 | Business

Ahead of Sunday's Super Bowl, many cash-strapped football fans will head to Rent-A-Center, America's largest "rent-to-own" retailer, to look for TVs. ...

CFPB Weighs in on International Money Transfers

Kevin L. Petrasic | Posted 04.02.2012 | Business
Kevin L. Petrasic

At the most basic level, the issue remains how to implement increased consumer protections without increasing the costs that are passed onto consumers to provide such benefits.

Jennifer Bendery

Sen Mike Lee Vows To Block Obama's Nominees, Uses PAC To Raise Money Off Effort

HuffingtonPost.com | Jennifer Bendery | Posted 02.01.2012 | Politics

WASHINGTON -- Sen. Mike Lee (R-Utah) insists it is the Constitution, not politics, driving his vow to unilaterally block all of President Barack Obama...

Ben Hallman

Consumers Mostly Complain About Credit Cards To New Agency

HuffingtonPost.com | Ben Hallman | Posted 02.13.2014 | Business

The new Consumer Financial Protection Bureau has received about 12,000 complaints over the past six months from consumers who had problems with their ...

Government Agency Continues Its Fight Against Abusive Debt Collectors

The Huffington Post | Alexander Eichler | Posted 01.31.2012 | Business

The government's efforts to police debt collectors -- an ongoing battle that has drawn in countless ranks of cash-strapped consumers in recent years -...

Michael McAuliff

GOP Boycott Of Consumer Finance Watchdog Fizzles

HuffingtonPost.com | Michael McAuliff | Posted 01.31.2012 | Politics

WASHINGTON -- A Republican boycott of the first official Senate testimony of President Obama's consumer finance watchdog fizzled Tuesday, as only half...

Max J. Rosenthal

Scott Brown's Strategic Silence On Stock Ownership

HuffingtonPost.com | Max J. Rosenthal | Posted 03.26.2012 | Politics

WASHINGTON -- Sen. Scott Brown (R-Mass.) is touting President Barack Obama's call for legislation banning insider trading by members of Congress as a ...

Senate GOP's Move Awaited In Big Fight With Obama

AP | LARRY MARGASAK | Posted 03.23.2012 | Politics

WASHINGTON — President Barack Obama's appointments to two key agencies during the Senate's year-end break ensures that GOP senators will return ...

Ben Hallman

New Consumer Cop Picks First Fight With Big Banks

HuffingtonPost.com | Ben Hallman | Posted 01.20.2012 | Business

Picking his first public fight with the banking industry, Washington's top consumer cop, Richard Cordray, promised on Thursday that his examiners will...