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Consumer Financial Protection Bureau

Hundreds Of Suspiciously Similar Letters Praise The Payday Loan Industry

The Huffington Post | Ben Walsh | Posted 09.26.2016 | Politics

Happy payday loan customers are all alike, it seems. Hundreds of individually submitted comments to a federal regulator praising the payday loan indu...

The Infuriating Reason Wells Fargo Got Away With Its Massive Scam For So Long

The Huffington Post | Emily Peck | Posted 09.24.2016 | Politics

How did Wells Fargo get away with ripping off its banking customers for so long? The Consumer Financial Protection Bureau and the City of Los Angeles ...

Here's Why Republicans Are Suddenly Demanding Tougher Bank Regulation

The Huffington Post | Amanda Terkel | Posted 09.21.2016 | Politics

WASHINGTON ― Republicans don’t like the Consumer Financial Protection Bureau. They opposed the very idea of the watchdog when Elizabeth Warren fir...

Hillary Clinton Pledges To Protect Elizabeth Warren's Consumer Agency In Letter To Wells Fargo Customers

The Huffington Post | Amanda Terkel | Posted 09.20.2016 | Politics

Hillary Clinton is out with an open letter to Wells Fargo customers, pledging to protect the consumer watchdog set up by Sen. Elizabeth Warren (D-Mass...

Wells Fargo: Will They (We) Ever Learn?

Ken Weber | Posted 09.19.2016 | Business
Ken Weber

An unfortunate side effect of the heated presidential campaign is that it sucks away important stories from the daily headlines. One example has to be the disgrace at Wells Fargo, one of America's largest banks. It's a mind-boggling scam with far reaching implications, yet it's received scant coverage in the general media.

Should Wells Fargo Execs Responsible For Bilking Customers Be Forced To Return Their Pay?

The Conversation US | Posted 09.19.2016 | Business
The Conversation US

At the very least, don't Wells Fargo's customers have a reasonable expectation that executives who profited off their misfortune be required to return some of their ill-gotten gains?

Morning In America Delivered By Democrats

Leo W. Gerard | Posted 09.19.2016 | Politics
Leo W. Gerard

Nine years after the Great Recession began during the tax- and regulation-slashing Bush administration, some startlingly good economic news arrived from Washington, D.C., last week.

Is Mitch McConnell Attacking Consumer Rights To Protect His Own Wallet?

Robert Weissman | Posted 09.15.2016 | Politics
Robert Weissman

Here's a quiz. Can you guess which member of Congress with his wife holds more Wells Fargo stock than any other, at least according to the most recently available financial disclosure forms? You guessed right! Mitch McConnell.

Wells Fargo Just Made The Case For Elizabeth Warren’s Bank Agency

The Huffington Post | Emily Peck | Posted 09.14.2016 | Business

Wells Fargo just proved, again, that no scam is beneath America’s financial institutions. And no institution is above being watched by a federal age...

Wells Fargo Will Pay $190 Million To Settle Customer Fraud Case

Reuters/HuffPost | Annum Masroor | Posted 09.14.2016 | Business

WASHINGTON, Sept 8 - Wells Fargo has long been the envy of the banking industry for its ability to sell multiple products to the same customer, but r...

A New Consumer Protection Agenda for Working Families

Rep. John K. Delaney | Posted 09.08.2016 | Politics
Rep. John K. Delaney

Our Expanding Rent-to-Own Protections Act would ensure that rent-to-own customers receive the same level of protections that other consumers enjoy.

U.S. Consumer Agency To Toughen Regulations On Debt Collectors

Reuters | Jade Walker | Posted 07.28.2016 | Business

WASHINGTON (Reuters) - The U.S. watchdog for consumer finances unveiled on Thursday a major proposal to toughen regulation of the multibillion-dollar ...

What Is Your State Of Financial Well-Being?

MoneyTips | Posted 06.21.2016 | Business

What does the phrase "financial well-being" mean to you? Does it mean having enough money to get by? Having all the money that you desire? Achieving a certain dollar threshold? Different people may have different definitions in mind.

The Obama Administration Cracks Down On Payday Lenders

The Huffington Post | Ben Walsh | Posted 06.02.2016 | Business

For the first time, there will soon be broad rules protecting U.S. borrowers from being stuck in a spiral of debt from loans that typically have rates...

Elizabeth Warren: "I Always Poked at the Things That Scared Me Most."

Beth Kobliner | Posted 09.30.2016 | Parents
Beth Kobliner

Warren took a break from laying waste to a certain Republican presidential hopeful on social media and fending off rumors that she's on the veep shortlist to chat with me about the personal side of personal finance.

The Funny Thing About Forced Arbitration and the CFPB

Joanne Doroshow | Posted 05.10.2016 | Business
Joanne Doroshow

I've been digging for anything amusing I can find about this rule because, as Gawker put it, this CFPB rule is "one thing that is too boring for anyone to pay attention to and also will potentially destroy your life."

Why Suing Your Bank Could Help Others Avoid Being Ripped Off

The Huffington Post | Shahien Nasiripour | Posted 05.06.2016 | Business

A new proposal by the nation's chief consumer watchdog could help government regulators and prosecutors stop big banks' dubious practices more quickly...

Why Elizabeth Warren's Consumer Watchdog Could Be In Danger

The Huffington Post | Daniel Marans | Posted 04.12.2016 | Politics

A federal court heard oral arguments in a mortgage lender's challenge to a Consumer Financial Protection Bureau fine. The judges present seemed open...

Elizabeth Warren Lambasts Former Colleague In War Over Financial Rules

The Huffington Post | Shahien Nasiripour | Posted 04.06.2016 | Politics

There is a well-worn Washington playbook that the financial industry and Republicans use when they want to kill a proposal meant to protect households...

Money as You Grow Has a New Home With the CFPB

Beth Kobliner | Posted 09.30.2016 | Parents
Beth Kobliner

To continue sharing the site--and its lessons--with American families, the Consumer Financial Protection Bureau (CFPB) adopted Money as You Grow and launched a new version of the site on March 17, where it will continue to grow and serve parents and caregivers.

Reverse Robin Hood: Six Billion Dollar Businesses Preying on Poor People

Bill Quigley | Posted 03.07.2016 | Business
Bill Quigley

These businesses target families with incomes below $35,000, and people of color are three times more likely to receive abusive loans than whites. People with blemished credit are often passed over when seeking jobs.

Friday Talking Points -- Is Trump Bigger Than Liam Neeson?

Chris Weigant | Posted 03.04.2016 | Politics
Chris Weigant

A nationally-televised presidential debate stage is, indeed, neither the time nor the place, one would think. This year, however, all the rules have been thrown out and we've got Donald Trump and Marco Rubio comparing relative penis sizes in their effort to become the so-called leader of the free world.

Yes, Virginia, 'Die Hard' Is A Christmas Movie

The Huffington Post | Jason Linkins | Posted 12.25.2015 | Politics

So, that happened. It's Christmastime: a time for giving, receiving, celebrating with family -- and assuaging our cultural anxieties. This week, we ar...

Elizabeth Warren Praises Aspects Of Hillary Clinton's Wall Street Reform Plan

The Huffington Post | Samantha Lachman | Posted 12.08.2015 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) commended Hillary Clinton on Monday for proposing stronger regulations on Wall Street banks. Clinton no...

The Obama Administration Wants To Bypass Student Loan Servicers

The Huffington Post | Shahien Nasiripour | Posted 12.01.2015 | Politics

The Department of Education soon will allow Americans with federal student loans to bypass the department's contractors and make payments directly to ...