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Consumer Financial Protection Agency

3 Banking Regulations We Can't Let Republicans Take Away

Keith Mestrich | Posted 12.09.2014 | 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.

Student Loans, R.I.P.

Bob Hildreth | Posted 05.05.2014 | College
Bob Hildreth

It seems that the government is gathering kindling for a big bonfire.

The Changing Face of the Marketplace

Gina Harman | Posted 10.16.2013 | Business
Gina Harman

A few things are clear: the marketplace is changing, the ranks of the underbanked are likely to grow, and alternatives to traditional banking relationships and products are playing a very significant role.

Obama Praises Long-Stalled Nominee

AP | JIM KUHNHENN | Posted 09.16.2013 | Politics

WASHINGTON — After a three-year political battle, Republicans have agreed to a remarkable concession over the powers of a new federal agency des...

Senate Panel Approves Top Regulators

AP | Posted 05.19.2013 | Business

WASHINGTON — A Senate panel has approved Mary Jo White's nomination to lead the Securities and Exchange Commission and sent it along for a final...

Debt Collection Reforms Are Past Due

Pamela Banks | Posted 04.09.2013 | Business
Pamela Banks

Buying and selling debt has become a big business in the U.S. The FTC found that debt buyers typically purchase portfolios of debt for only four cents on the dollar, on average, and then collect on those debts for the full face value -- which nets them a huge profit.

Tax Relief Scams: Where Crime Does Pay

Don McNay | Posted 04.08.2013 | Business
Don McNay

I saw a "pat on the back" news release from the Federal Trade Commission today: "FTC Settlement: Tax Relief Scammers Agree to Pay More Than $15 Million." If you go down a couple of sentences, it notes that the scheme bilked consumers out of $100 million. Crime does pay.

Oversight of Credit Agencies Long Overdue

Jimmy Dahroug | Posted 01.06.2013 | Money
Jimmy Dahroug

There is nothing wrong with credit agencies making a profit. They are private businesses. Yet without adequate oversight, these agencies have little incentive to ensure the accuracy of consumer credit reports.

FEMA, Dodd-Frank and the CFPB: It's All the Same to Mitt Romney

Adam Levin | Posted 10.31.2012 | Business
Adam Levin

On both the financial catastrophe and the storm, Governor Romney got it completely wrong. Now, in the wake of Hurricane Sandy, Romney looks all wet.

Obama Warns GOP To Leave Financial Regulations Alone

AP | JULIE PACE | Posted 12.27.2012 | Politics

NASHUA, N.H. — President Barack Obama is seeking to win over voters in low-tax New Hampshire by criticizing Mitt Romney for raising taxes and fe...

Why Romney the Closer Is a Consumer Nightmare

Adam Levin | Posted 12.16.2012 | Business
Adam Levin

Mitt Romney is the poster child of big business expediency, where truth is less important than closing the deal. And if he gets elected we'll see a reprise of the Wild West days that ended in the 2008 crisis.

Lies, Damned Lies, Statistics and Paul Ryan

Adam Levin | Posted 12.10.2012 | Politics
Adam Levin

Paul Ryan has remained consistent. His statements are often lies, and when his talk turns to statistics and numbers and the financial facts faced by everyday Americans, his lies expand past the realm of "damned lies" into Mark Twain's third category of exotic deception.

Consumer Financial Bureau Soliciting Feedback On Mortgage Servicing Regulations

Brian Penny | Posted 12.03.2012 | Politics
Brian Penny

Do you have a roof over your head? Right now through October 9, Cornell Law School is giving the American public a unique opportunity to make our voi...

Romney's Rage Against Regulation

Adam Levin | Posted 10.29.2012 | Business
Adam Levin

The open hostility of these people to the idea of a government "of the people, by the people, and for the people" really comes down to one thing: utter contempt for "you people." It's shameful. It's intolerable. It must be stopped.

Ben Hallman

Banks Continue Mortgage Abuses, So U.S. Proposes New Rules

HuffingtonPost.com | Ben Hallman | Posted 08.10.2012 | Business

NEW YORK -- In the latest effort by a federal regulator to force the mortgage industry to stop treating desperate homeowners like vagrants looking for...

Tyler Kingkade

Study Finds Disturbing Trend With Private Student Loans

HuffingtonPost.com | Tyler Kingkade | Posted 07.20.2012 | College

NEW YORK -- Students took on more student-loan debt than they needed or could handle, during a borrowing boom from 2004 to 2008, largely due to relaxe...

What Dark Knight Rises and the CFPB's First Anniversary Have in Common

Adam Levin | Posted 09.17.2012 | Politics
Adam Levin

Batman just wants to do his job of protecting Gotham from crime. And the CFPB wants to do its job of protecting consumers from financial predators. Perhaps as the Dark Knight Rises to defeat the princes of evil, American voters should finally stand up to this army of darkness.

Credit Score Companies To Come Under Government Oversight For First Time

AP | The Associated Press | Posted 09.15.2012 | Business

NEW YORK — The companies that determine Americans' credit scores are about to come under scrutiny by the country's new consumer watchdog. The C...

Government Will Monitor Credit Reporting Firms

AP | Posted 07.17.2012 | Money

NEW YORK (AP) — The companies that determine Americans' credit scores are about to come under scrutiny by the country's new consumer watchdog. Th...

Can Mortgage Servicers Play by the Rules?

Anna Cuevas | Posted 09.08.2012 | Money
Anna Cuevas

The premise of these rules evolves around two principles -- protecting homeowners from surprise costs and preventing them from getting the runaround from their services.

4 Steps to Make Prepaid Cards Better

Credit.com | Posted 08.01.2012 | Money
Credit.com

Prepaid cards are everywhere. Here's what I suggest to steady the ship without making things worse for the consumers who really have no other option:

Ben Hallman

Early CFPB Reforms Disappoint Activists

HuffingtonPost.com | Ben Hallman | Posted 05.15.2012 | Business

When the framers of the national mortgage settlement agreed to let the deal expire in three-and-a-half years, it was with the assumption that the Cons...

Poll: Scott Brown's Desperate Attacks Aren't Working

Roger Wolfson | Posted 07.09.2012 | Politics
Roger Wolfson

In the latest Rasmussen poll, Scott Brown is tied 45-45 with Elizabeth Warren. The voters don't seem to be buying Brown's brutal attacks on Warren, nor do they seem to be buying Brown himself.

Ben Hallman

How Do I Get Rid Of My Crap Mortgage?

HuffingtonPost.com | Ben Hallman | Posted 03.29.2012 | Money

How many hoops do homeowners have to jump through to shake off a bad mortgage? This question is at the heart of a growing area of law as judges acr...

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...