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Consumer Financial Protection Bureau

Shahien Nasiripour

Top Treasury Official Calls Out Education Department Over Student Loans

HuffingtonPost.com | Shahien Nasiripour | Posted 04.30.2014 | Politics

A top Treasury Department official on Tuesday challenged the Department of Education and its contractors over how they handle borrowers struggling wit...

Shahien Nasiripour

Sallie Mae Under Fire For Death-Induced Defaults

HuffingtonPost.com | Shahien Nasiripour | Posted 04.25.2014 | Politics

In the nearly seven years he'd been paying off his student loans, Tom Cimochowski had never sent a late payment to Sallie Mae. But in February, one of...

Demystifying Credit Scores

Jason Alderman | Posted 06.23.2014 | Business
Jason Alderman

Fortunately, if your credit score has taken a hit, you can initiate several actions that will begin improving it almost immediately. Just be aware that it can take many years to recover from severe credit-damaging situation such as bankruptcy or foreclosure.

Financial Justice: The People's Campaign to Stop Lender Abuse by Larry Kirsch and Robert N. Mayer

John Atlas | Posted 06.22.2014 | Books
John Atlas

"Financial Justice" is the untold story of how a diverse group of progressive organizations took on the powerful financial lobby, pushed Congress to create a strong new consumer protection agency, and against the odds, and won.

Student Loan Borrowers Struggle When Co-Signers Die Or Go Bankrupt

Reuters | Posted 06.21.2014 | Business

WASHINGTON, April 22 (Reuters) - The U.S. consumer financial watchdog warned on Tuesday that some student loan borrowers could be thrown into defaul...

Michael McAuliff

Elizabeth Warren's New Book Skewers The White House Boys Club

HuffingtonPost.com | Michael McAuliff | Posted 04.18.2014 | Politics

WASHINGTON -- Sen. Elizabeth Warren's new book skewers the boys club who basically ran the nation's fiscal policy in the early days of the Obama admin...

Shahien Nasiripour

Sallie Mae Cheated Soldiers On Federal Student Loans, Government Investigators Find

HuffingtonPost.com | Shahien Nasiripour | Posted 04.17.2014 | Politics

Federal investigators have uncovered evidence that Sallie Mae cheated active-duty soldiers on federal student loans, according to people familiar with...

Protecting You From Credit Report Errors, Unreliable Scores

Pamela Banks | Posted 06.14.2014 | Business
Pamela Banks

Aleta from Mena, Arkansas, has had a hard time getting a decent rate on a car loan all because of a mistake on her credit report. The problem started...

Wall Street Should Disclose Its Think Tank Contributions

Sen. Elizabeth Warren | Posted 06.01.2014 | Politics
Sen. Elizabeth Warren

Wall Street banks have the right to express their views to lawmakers and regulators through lobbying, but the law is clear: If they want to influence lawmakers, they must disclose their lobbying expenditures.

New Mortgage Rules Protect Against Risky Loans

Jason Alderman | Posted 05.26.2014 | Business
Jason Alderman

Good news for people shopping for a mortgage -- and for current homeowners facing foreclosure because they can no longer afford their home loan: New mortgage regulations recently took effect and they provide a slew of new rights and protections for consumers.

A Fresh Reminder To Never, Ever Take Out A Payday Loan

The Huffington Post | Ben Hallman | Posted 03.27.2014 | Business

There's never been much question as to whether taking out a payday loan is a sound financial decision. The short-term loans come with extremely high i...

Directly Destroying Democracy

Leo W. Gerard | Posted 05.24.2014 | Politics
Leo W. Gerard

The rich can buy more of everything. More food. More cars. More houses. More vacations. More boats. But for a democracy to function properly, they should be forbidden from buying more votes.

This GOP Rep May Have Spoken Too Soon On Credit Card Fraud

The Huffington Post | Chris Gentilviso | Posted 03.13.2014 | Politics

Two months after 70 million Americans were hit by a Target data breach, one member of Congress is grappling with his own credit card issue. Last w...

Debt Collectors Targeting Members Of The Armed Services

Center for Public Integrity | Daniel Wagner | Posted 03.11.2014 | Politics

By Daniel Wagner Center for Public Integrity Debt collectors are targeting members of the Armed Services by calling their superior officers, threa...

Friday Talking Points -- Republicans' Foot-Shooting Party

Chris Weigant | Posted 04.30.2014 | Politics
Chris Weigant

Even when Republicans weren't shooting at their own feet this week, it appears they were conducting a circular firing squad instead. The 2014 campaign, in other words, is off to a raucous start... and it's only February.

Foreign Money Transfers Just Got Safer

Jason Alderman | Posted 04.28.2014 | Business
Jason Alderman

While the new regulations are certainly welcome, they don't go far enough when it comes to helping customers compare the net costs of making money transfers at different vendors.

Shahien Nasiripour

Sallie Mae's Woes Grow

HuffingtonPost.com | Shahien Nasiripour | Posted 02.21.2014 | Politics

The Illinois attorney general has launched a broad probe into Sallie Mae, leading a coalition of state prosecutors investigating whether the embattled...

A Guide to Managing Someone Else's Finances

Jason Alderman | Posted 03.24.2014 | Business
Jason Alderman

Anyone who's ever been asked to step in and manage their parents' or someone else's personal finances can tell you that it's an awesome responsibility -- and by "awesome," I don't mean "totally cool." It's more like "inspiring an overwhelming feeling of fear."

New Rules Could Change Your Jumbo Mortgage Options

realtor.com | Posted 03.23.2014 | Money
realtor.com

Jumbo loans - high dollar loans typically starting at $417,000 in most areas or as high as $625,501 in higher-cost markets - will see a lot of changes in 2014.

Shahien Nasiripour

Sallie Mae Expects $70 Million Hit Off Investigations Into Wrongdoing

HuffingtonPost.com | Shahien Nasiripour | Posted 01.25.2014 | Politics

Sallie Mae, the nation's largest student loan company, said it expects to spend $70 million to deal with a torrent of government probes into its busin...

Elizabeth Warren: New Mortgage Rules 'Protect Consumers From Being Tricked'

The Huffington Post | Eugene Mulero | Posted 01.23.2014 | Politics

Sen. Elizabeth Warren (D-Mass.) praised the Consumer Financial Protection Bureau's new slate of mortgage rules on Tuesday, saying they will curb shady...

What the New Qualified Mortgage (QM) Regulations Mean for VA Loans

Chris Birk | Posted 03.10.2014 | Money
Chris Birk

Service members, veterans and military families across the country are starting to worry about how these changes and how this new classification of mortgages might impact their ability to use their VA home loan benefits. Here's the good news: You have nothing to worry about.

If Borrowers Owned Their Appraisals, They Could Shop for a Mortgage Effectively

Jack M. Guttentag | Posted 11.11.2014 | Politics
Jack M. Guttentag

The difficulties borrowers face when trying to shop for a mortgage could be fixable by changing the disclosure rules, but certain market practices also need to be changed. The key to a fix is to make appraisals portable.

Will Borrowers Now Be Protected Against Unjustified Price Increases?

Jack M. Guttentag | Posted 11.11.2014 | Money
Jack M. Guttentag

The applicant who sent the email wanted an answer to one simple question: Were the changes justified or not?

Tyler Kingkade

Financial Institutions Pressured To Reveal Details On Controversial Campus Debit Cards

HuffingtonPost.com | Tyler Kingkade | Posted 01.23.2014 | College

The Consumer Financial Protection Bureau urged a number of financial institutions on Tuesday to disclose how much money they are paying colleges and u...