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Consumer Financial Protection Bureau

ARMed and Dangerous: Why We Should Abolish Adjustable Rate Mortgages

Jane White | Posted 06.01.2012 | Money
Jane White

While many in the media have blamed the failures on reckless borrowers, the real driver of the crisis is lawless banks offering "bait-and-switch" adjustable rate mortgages.

8 Ways The Government Is Grappling With Student Loans

The Huffington Post | Tyler Kingkade | Posted 03.30.2012 | College

Sen. Dick Durbin (D-Ill.) thinks Congress should change the law to allow borrowers to have their debt from private student loans wiped clean when fili...

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...

Still Waiting On That CEO Pay Rule, Guys

The Huffington Post | Alexander Eichler | Posted 03.14.2012 | Business

You know your boss makes more than you. But do you know how much more? The architects of the Dodd-Frank act would like you to know. That's why they...

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.

Mortgage Lenders Aren't The Only Ones Accused Of Robo-Signing

The Huffington Post | Jillian Berman | Posted 03.12.2012 | Business

Apparently robo-signing might not be a practice reserved solely for the foreclosure crisis. West Virgnia's attorney general is suing two units of ...

So About That Socialism Thing...

The Huffington Post | Alexander Eichler | Posted 03.07.2012 | Business

Tired of giving business to big banks? Maybe you can become the state's customer instead. More U.S. states are exploring the possibility of establi...

Make My Phone Stop Ringing and You Just Might End Up in the White House!

Bill Bartmann | Posted 05.07.2012 | Politics
Bill Bartmann

The targets for debt collectors have doubled in the last decade, with 14 percent of U.S. consumers today subject to debt collection. This 14 percent represents tens of millions of voters.

Americans Got A Little Bit Less Angry At Banks Last Year

Reuters | Posted 05.01.2012 | Business

* Complaints against banks drop 30 pct-BBB * Payday lender complaints rise * Banks facing new restrictions on consumer p...

Obama's Budget Proposal: Six Lessons for Your Personal Budgeting Strategy

Tim Chen | Posted 04.30.2012 | Money
Tim Chen

President Obama released his budget proposal for 2013. While you're listening to the media discuss the implications at the federal level, why not take a moment to rethink your own budgeting strategy?

Am I The Only One That's Confused? The Journey To Getting My First Credit Card

Jillian Berman | Posted 04.30.2012 | Money
Jillian Berman

Nine months out of college and I'm finding that the real world is full of harsh truths: Napping in the middle of the day is frowned upon, an outfit based around leggings is never appropriate and my financial decisions will haunt me for the rest of my life.

Advancing Consumers' Interests

Richard Cordray | Posted 04.30.2012 | Money
Richard Cordray

We have heard story after story of consumers being hit with fees they did not expect and do not understand. We take these complaints very seriously.

The Other Sort of Domestic Abuse

Bill Bartmann | Posted 04.29.2012 | Business
Bill Bartmann

For every complaint, how many people did not complain because they felt ashamed about their debt, scared about the consequences of complaining, or simply thought that nothing would happen if they reported the abuse?

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...

A New Kind of Killer App: RoboSigning 2.0

Bill Bartmann | Posted 04.23.2012 | Business
Bill Bartmann

You'd think that if debt collectors were suing you, they'd want to make a big deal out of it, right? Wrong: Their preferred method of delivery was a plain, first-class letter. Why? Because the mere fact of mailing was considered proper notice.

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...

D.M. Levine

An FDA for Wall Street's Risky Business

HuffingtonPost.com | D.M. Levine | Posted 02.14.2012 | Business

Are exotic financial derivatives as risky as untested prescription drugs? Two University of Chicago economists say possibly. As noted by economist Ste...

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. ...

Stop Over-the-Top Attacks on the Office of Legal Counsel, and Focus on Governing

Caroline Fredrickson | Posted 04.03.2012 | Politics
Caroline Fredrickson

Please -- cut the hyperbole, senators, and get back to work.

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.

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...