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Consumer Financial Protection Bureau

Why 65 Dems Are Trying To Strip Financial Safeguards For People Of Color

The Huffington Post | Zach Carter | Posted 11.17.2015 | Politics

WASHINGTON -- Progressive Democrats are scrambling to prevent their colleagues from supporting a bill that would pave the way for racial discriminati...

Payday Lenders Hoping for a Grand Old Party in 2016

Karl Frisch | Posted 11.12.2015 | Politics
Karl Frisch

Payday lenders spent more than $15 million during the last election to lobby and elect Members of Congress. If the CFPB comes down hard on the industry with tough new rules as is expected, you can bet they will spend even more during this election.

Elizabeth Warren Has Perfect Response To GOP Mockery During Debate

The Huffington Post | Daniel Marans | Posted 11.12.2015 | Politics

Sometimes you can tell as much about a presidential debate from the TV commercials that air in between segments as from the debate itself. The...

You're Getting Ripped Off By Forced Mandatory Arbitration -- Here's How to Stop It

Al Franken | Posted 11.10.2015 | Politics
Al Franken

If you've ever opened a credit card, rented a car or engaged in any number of other routine interactions with big corporations, you've probably had to sign away your right to go to court or band together in a class action with other customers.

Pro-Payday Loan Study Paid For And Edited By The Payday Loan Industry

The Huffington Post | Ben Walsh | Posted 11.02.2015 | Politics

The payday loan industry was involved in almost every aspect of a pro-industry academic study, according to emails and other documents reviewed by The...

For-Profit College Chain Loses Federal Lawsuit As Education Department Faces Reckoning

The Huffington Post | Shahien Nasiripour | Posted 10.28.2015 | Politics

Defunct for-profit college chain Corinthian Colleges Inc. violated federal law by using false job placement rates to deceive 115,111 former students ...

Student Loan Borrowers To Pay More Under Tentative Budget Pact

The Huffington Post | Shahien Nasiripour | Posted 10.27.2015 | Politics

Americans with federal student loans will pay more under the tentative budget deal struck on Monday by the White House and congressional leaders, tha...

CFPB Proposes Big Step Forward With Curbs on Forced Arbitration

Nan Aron | Posted 10.27.2015 | Politics
Nan Aron

We commend the CFPB for moving to prohibit class-action bans. But the agency should go further and ban forced arbitration entirely wherever it has the power to do so.

The Banking Industry's Transparent Attempt To Weaken The CFPB

Sen. Elizabeth Warren | Posted 10.21.2015 | Politics
Sen. Elizabeth Warren

Votes over the CFPB present the same choice today that they always have -- a choice between big banks and predatory lenders on one side and families on the other. It's time to say no to the big banks and no to their lobbyists, their lawyers and their Republican friends in Congress.

Robocalls Emerge As Latest Fix For Nation's Student Loan Crisis

The Huffington Post | Shahien Nasiripour | Posted 10.16.2015 | Politics

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That Used Car You're Eyeing May Already Be Recalled

MoneyTips | Posted 10.06.2015 | Business

Most people are vigilant about having their cars fixed by dealers when recalls are issued. New cars affected by recalls are fixed by the dealerships that display them on their lots. Did you ever wonder how used-car dealers repair cars under recall? The surprising answer: they don't.

House Democrats Joining GOP Attack On Elizabeth Warren's Agency

The Huffington Post | Zach Carter | Posted 10.01.2015 | Politics

  UPDATE: After pressure from Rep. Maxine Waters (D-Calif.), Sen. Elizabeth Warren (D-Mass.) and former House Financial Services Committee Chair...

You'll Never Guess The Single Greatest Risk Factor For Student Loan Default

The Huffington Post | Shahien Nasiripour | Posted 09.28.2015 | Politics

Borrowers were at greater risk of defaulting if their student loans were handled by the Department of Education's main loan contractor than if they ha...

CFPB Considers Suing Student Loan Giant Navient For Cheating Borrowers

The Huffington Post | Shahien Nasiripour | Posted 08.25.2015 | Politics

Federal regulators are considering suing Navient Corp., the nation's largest student loan company, for allegedly cheating borrowers, the company said...

New Project Seeks To Unmask Shadowy Payday Lenders

The Huffington Post | Christina Wilkie | Posted 08.05.2015 | Politics

WASHINGTON -- A new project seeking to expose some of the most secretive special interests in American politics launched on Wednesday. Its first targe...

Payday Lender Sued For Allegedly Threatening Consumers

The Huffington Post | Jacob Kerr | Posted 08.04.2015 | Business

The Consumer Financial Protection Bureau filed a lawsuit against an offshore payday lender on Tuesday. The bureau alleges that NDG Enterprise il...

U.S. Government Acquires FAFSA Website That Was Confusing Students (UPDATE)

The Huffington Post | Alexander Howard | Posted 07.24.2015 | Technology

The federal government has been taking down websites that host illegal activity for years, but in taking over a website -- specifi...

CFPB Should Shine a Light on Predatory Online Lenders

Brayden McCarthy | Posted 07.22.2015 | DC
Brayden McCarthy

The price of light is still less than the cost of darkness. The same is true in online lending. Let's not forget that when advocating for 1071 implementation.

Ben Walsh

Citibank Forced To Pay $700 Million To Customers | Ben Walsh | Posted 07.21.2015 | Business

Citibank will be required to pay $700 million to 8.8 million customers for illegal credit card practices, the Consumer Financial Protection Bureau sai...

How This Startup Is Channeling Elizabeth Warren To Change The Face Of Banking

The Huffington Post | Christina Wilkie | Posted 07.17.2015 | Business

WASHINGTON -- Andrei Cherny knows how ugly the financial industry can be. He's a former financial fraud prosecutor and an expert in financial re...

Shahien Nasiripour

Troops Can't Trust Student Loan Servicers, Top Regulator Says | Shahien Nasiripour | Posted 07.08.2015 | Politics

U.S. troops can’t rely on student loan companies, including those working for the Department of Education, to give them accurate information about l...

Immediate Costs of Predatory Financial Practices Are Steep, But They Are Just the Tip of the Iceberg

Michael Calhoun | Posted 07.02.2015 | Politics
Michael Calhoun

As the 2016 presidential campaign kicks off, the economy is growing and Americans are getting back to work. However, for far too many people plotting a course from the working class to the middle class requires navigating dangerous waters filled with financial icebergs.

Shahien Nasiripour

Fresh Out Of Government, Student Loan Warrior Warns About Major For-Profit College Chain | Shahien Nasiripour | Posted 06.24.2015 | Politics

The revolving door between federal financial regulators and the industries they oversee doesn't usually spin in the direction of aiding low-income col...

Private Student Loans Are Trapping Co-Signers, CFPB Finds

The Huffington Post | Tyler Kingkade | Posted 06.18.2015 | College

Nine-in-ten borrowers who applied for co-signer release on their private student loans were rejected, a new Consumer Financial Protection Bureau repor...

Ben Walsh

Elizabeth Warren Has A New 'Sheriff Of Wall Street' In Mind | Ben Walsh | Posted 06.18.2015 | Politics

Sen. Elizabeth Warren (D-Mass.) is privately urging New York Gov. Andrew Cuomo (D) to replace the head of the New York Department of Financial Service...