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Consumer Financial Protection Bureau

Campus Debit Cards: Good for You or Your University?

Equal Justice Works | Posted 03.03.2015 | College
Equal Justice Works

This is another area where Congress should step up to the plate. Students need to be protected from deceptive marketing. And debit card agreements between companies, colleges and universities should be subject to the same transparency requirements as campus credit cards.

Shahien Nasiripour

House Democrat Demands Details On Secretive For-Profit Student Debt Forgiveness Scheme

HuffingtonPost.com | Shahien Nasiripour | Posted 02.20.2015 | Politics

The public is financing a mass debt-forgiveness scheme largely in secret for distressed private student loan borrowers who attended schools once owned...

Does the New CFPB Rate Tool Help Consumers Shop for a Mortgage?

Jack M. Guttentag | Posted 02.26.2015 | Business
Jack M. Guttentag

Borrowers who are looking for the kind of mortgage shopping help that CFPB is trying to deliver but doesn't can now go to my home page and click on Find Your Mortgage Shopping Rate.

CFPB Must Rein in Predatory Payday Lenders with Strong Regulations

NCLR Action Fund | Posted 02.11.2015 | Politics
NCLR Action Fund

Low income working families seeking to simply pay the bills confront an array of challenges these days. "Payday lenders" are taking advantage of a borrower's precarious financial state and profit from pushing low-income families deeper into debt and poverty.

Consumer Protection Agency Preps Payday Lender Crackdown

The New York Times | Posted 02.08.2015 | Politics

In the world of consumer finance, they are chameleons: payday lenders that alter their practices and shift their products ever so slightly to work aro...

Why Do Some Borrowers Pay Higher Mortgage Interest Rates Than Others?

Jack M. Guttentag | Posted 02.08.2015 | Business
Jack M. Guttentag

I have been examining the CFPB tool to see how well it meets this challenge, and will report on it next week. This article lays the groundwork by looking at the different sources of rate differences.

3 Banking Regulations We Can't Let Republicans Take Away

Keith Mestrich | Posted 02.08.2015 | Politics
Keith Mestrich

Republicans have already signaled that one of their first priorities will be to repeal or cripple regulations that are supposed to keep our economy stable, protect Americans' money and jobs, and prevent Wall Street consumer fraud and abuse.

Faith Leaders Join The Fight For Lower Payday Loan Rates

Religion News Service | Adelle M. Banks | Posted 11.30.2014 | Religion

WASHINGTON (RNS) Dozens of faith leaders and consumer advocates are pressing Congress to create a national interest rate cap for payday lenders instea...

Hunter Stuart

Used Car Dealership Hit With $8 Million Fine For Allegedly Harassing Customers

HuffingtonPost.com | Hunter Stuart | Posted 11.21.2014 | Business

Elizabeth Warren's brainchild watchdog agency is cracking down for the first time on a used car dealer that also acted as an auto lender for allegedly...

Slackers at the Chalkboard

Richard J. Rosendall | Posted 01.20.2015 | Politics
Richard J. Rosendall

If you abuse someone no matter what he does, he might as well stand his ground. That is what our 44th president, at long last, appears to be doing.

Friday Talking Points -- McConnell For Sale!

Chris Weigant | Posted 12.24.2014 | Politics
Chris Weigant

Pennsylvania's pornography scandal just keeps getting worse. So far, four people employed by prosecutors' offices have been forced out. Next in line is a member of the Pennsylvania Supreme Court, Justice Seamus McCaffery.

Shahien Nasiripour

Consumer Regulator Vows Action As Student Loan Borrowers Suffer

HuffingtonPost.com | Shahien Nasiripour | Posted 10.16.2014 | Politics

In October 2012, the federal agency charged with protecting households from predatory financial companies issued a report lamenting the lack of opport...

Ben Hallman

Big Banks Don't Want You To Find Out What People Really Think Of Them

HuffingtonPost.com | Ben Hallman | Posted 09.29.2014 | Business

The nation's largest banks and debt collectors are worried that if you learn what people are saying about them, you might like them less. And that wou...

Politics and Real Estate in the U.S.

Daniel Wagner | Posted 11.26.2014 | Business
Daniel Wagner

Regardless of who becomes President in 2016, or what the composition of Congress may be, hard choices will continue to need to be made about a whole range of issues, such as how much funding should be allocated to subsidize mortgages or support affordable housing

Shahien Nasiripour

Occupy Wall Street Buys, Then Cancels, Student Debt

HuffingtonPost.com | Shahien Nasiripour | Posted 09.18.2014 | Politics

Some 40 million Americans collectively owe nearly $1.3 trillion on their student loans. On Wednesday, a small group of volunteers announced they helpe...

Shahien Nasiripour

For-Profit College Chain Cheated Students, U.S. Alleges

HuffingtonPost.com | Shahien Nasiripour | Posted 09.17.2014 | Politics

For-profit education company Corinthian Colleges Inc. misled students into taking out unaffordable loans by falsely advertising job prospects, then us...

The CFPB Is Now a Consumer Complaint Clearinghouse: Will That Help Consumers?

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

Markets for financial services often don't work well for consumers. The trial and error technique that consumers rely on in navigating many markets does not work well when transactions are large and infrequent. Financial firms that expect to see a customer only once may have little incentive to provide good service.

What Do Banks Have to Hide From CFPB's Efforts to 'Make the Market for Credit Work Better'?

Ed Mierzwinski | Posted 10.22.2014 | Business
Ed Mierzwinski

This month, two different but powerful Wall Street bank lobbies launched self-serving attacks on the Consumer Financial Protections Bureau's most recent efforts to make banking markets more transparent. What do the banks have to hide?

Consumer Reporting Agencies Follow Your Moves

Jason Alderman | Posted 10.13.2014 | Business
Jason Alderman

Did you know that there are dozens of specialty consumer reporting agencies that track your history for activities that may not appear on your regular credit reports -- things like bounced checks, late utility payments, insurance claims and prescription orders?

Are Prepaid Debit Cards the Next Big Target of the Consumer Financial Protection Bureau?

Curtis Arnold | Posted 10.11.2014 | Money
Curtis Arnold

Although the market for prepaid debit cards has been steadily expanding and attracting big name financial players like American Express, consumer advocates have expressed concern about a lack of regulatory oversight.

Zach Carter

How Chuck Schumer Accidentally Built The Wall Street Reform Caucus

HuffingtonPost.com | Zach Carter | Posted 08.04.2014 | Politics

DETROIT AND WASHINGTON -- They call him "Wall Street Chuck" on Capitol Hill. He has raised at least $70 million from the financial sector for the Demo...

Hunter Stuart

Debt Collection 'Factory' Preyed On Broke Americans: Lawsuit

HuffingtonPost.com | Hunter Stuart | Posted 07.15.2014 | Business

A federal watchdog is suing a collection agency that allegedly operated like a "factory" churning out lawsuits against cash-strapped borrowers, often ...

Supreme Court Limits President's Recess Appointment Power

AP/The Huffington Post | Posted 06.26.2014 | Politics

The Supreme Court ruled against President Barack Obama in National Labor Relations Board v. Noel Canning on Thursday, limiting his power to make reces...

Big Bank To Pay $1 Billion For Sketchy Mortgages

AP | By ERIC TUCKER | Posted 08.18.2014 | Business

WASHINGTON (AP) — SunTrust has agreed to pay nearly $1 billion to resolve allegations that it underwrote and endorsed faulty mortgage loans, the Jus...

Zach Carter

How House Democrats Are Caving On Key Mortgage Rules

HuffingtonPost.com | Zach Carter | Posted 06.10.2014 | Politics

WASHINGTON -- House Republican leaders Eric Cantor and John Boehner are about to secure the passage of a bill that chips away at consumer mortgage pro...