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Consumer Financial Protection Bureau

Elizabeth Warren Tames a Corporate Psychopath

Mike Frenkel | Posted 02.01.2014 | Business
Mike Frenkel

I expected one of those, "We're sorry" replies from the CFPB. Instead, a mere four days after I had filed my complaint, I received a written apology from the bank, a waiver of all penalty fees and the promise to "escalate this matter for further policy review."

Educational Opportunity? Globe University's Murky Student Loan Partnership With Debt Collection Agency

Kyle McCarthy | Posted 01.23.2014 | Business
Kyle McCarthy

For years, the EdOp Loan has been marketed as one of the "primary sources of financial aid" and carried an 18% interest rate. As I mentioned in my previous article, the mailing address listed on EdOpLoan.com happens to be the same mailing address for American Accounts and Advisers, a debt collection agency.

Shahien Nasiripour

The Government Doesn't Understand Student Debt

HuffingtonPost.com | Shahien Nasiripour | Posted 11.19.2013 | Politics

The lack of reliable data on the $1.2 trillion student debt market may be hampering federal officials’ understanding of how student debt threatens e...

We Need Warren, not 'Billary' in 2016

Jane White | Posted 01.23.2014 | Politics
Jane White

When it comes to the presidency we need someone who works for her constituents. Someone like Sen. Elizabeth Warren, who is not only uncorrupt but the brains behind the Consumer Financial Protection Bureau.

Shahien Nasiripour

Biggest Student Lender Faces More Trouble

HuffingtonPost.com | Shahien Nasiripour | Posted 10.29.2013 | Politics

Sallie Mae on Monday disclosed new federal probes targeting possible violations of consumer protection laws -- a sign that Washington is ramping up s...

Watchdogging Private Student Loan Companies

Ethan Senack | Posted 01.23.2014 | College
Ethan Senack

The Consumer Financial Protection Bureau's public complaints database levels the playing field for private student loan borrowers -- giving aggrieved private student borrowers true negotiating strength in a financial marketplace that is tilted toward banks.

Student Loan Borrowers Complain Lenders Are Doing A Terrible Job Handling Their Debt

AP | KIMBERLY HEFLING | Posted 10.16.2013 | College

WASHINGTON -- WASHINGTON (AP) — Federal officials have received more than 3,800 complaints in the last year from borrowers of private student loans,...

Redefining Success. Putting Money Back In Its Place.

John Hope Bryant | Posted 01.23.2014 | Small Business
John Hope Bryant

For 100 years the world has been on a fairly consistent march towards more and more free enterprise, and deeper and more sharp edged caverns of capitalism. And for approximately 80 of those years, most of the developed world was not on a bad path.

Amanda Terkel

GOP's Least Favorite Projects Will Keep Running During Government Shutdown

HuffingtonPost.com | Amanda Terkel | Posted 09.28.2013 | Politics

WASHINGTON -- If Congress can't pass legislation to keep the government funded by Monday at midnight, the Smithsonian museums will close, the Centers ...

Shahien Nasiripour

Public Shaming For Big Student Loan Servicer

HuffingtonPost.com | Shahien Nasiripour | Posted 09.26.2013 | Politics

A federal consumer regulator has taken aim at the Department of Education’s preferred companies for servicing the agency’s $1 trillion in student ...

JPMorgan To Refund Over 2 Million Credit Card Customers

The Huffington Post/ Reuters | Posted 09.19.2013 | Business

WASHINGTON (Reuters) - U.S. bank regulators on Thursday ordered JPMorgan Chase & Co to correct its debt collection and other credit card procedures a...

Shahien Nasiripour

The Next Derivatives Regulator?

HuffingtonPost.com | Shahien Nasiripour | Posted 09.18.2013 | Politics

The White House is considering Elizabeth Ritter, a longtime lawyer at the Commodity Futures Trading Commission, to replace Gary Gensler as the chief U...

Zach Carter

Consumer Watchdog Finds Mortgage Abuses Still Rampant

HuffingtonPost.com | Zach Carter | Posted 08.22.2013 | Politics

The Consumer Financial Protection Bureau on Wednesday issued a report detailing a host of failures in basic mortgage payment processing at U.S. financ...

Watchdog Investigating Sketchy Bank Practice

Reuters | Emily Stephenson | Posted 08.21.2013 | Business

WASHINGTON (Reuters) - The U.S. consumer watchdog said on Wednesday it has found problems with mortgage servicing at banks and other financial firms, ...

Six Federal Agencies Are Investigating Online Payday Lenders

The Center for Public Integrity | Posted 10.08.2013 | Business
The Center for Public Integrity

The Justice Department and the Consumer Financial Protection Bureau have sent civil subpoenas to dozens of financial companies, including the online lenders, many of which are located on Indian reservations to avoid complying with consumer protection laws.

Larry Summers Helped Torpedo Elizabeth Warren CFPB Nomination

The Huffington Post | Zach Carter | Posted 08.08.2013 | Politics

Former Obama administration economic adviser Larry Summers helped torpedo a bid from current Sen. Elizabeth Warren (D-Mass.) to head the Consumer Fina...

Shahien Nasiripour

U.S. Probes Whether Student Loan Companies Cheat Soldiers

HuffingtonPost.com | Shahien Nasiripour | Posted 08.01.2013 | Politics

The U.S. Department of Justice is investigating whether student loan companies are cheating active-duty soldiers as the historically lightly regulated...

One More Way Banks Screw Regular People (And Why We Need to Bring Back Postal Banking)

Ian Reifowitz | Posted 10.01.2013 | Politics
Ian Reifowitz

Other countries have more extensive postal banking systems that still exist. Israel's postal bank offers checking and saving accounts as well as bill-paying services for utility bills. Why can't we do the same in this country?

All About the Consumer Financial Protection Bureau

Dedrick Muhammad | Posted 09.28.2013 | Black Voices
Dedrick Muhammad

The federal watchdog agency protects consumers by enforcing fairness and transparency around financial products and services, providing information around numerous topics such as financial scams, predatory lending, mortgages and college loans.

Paul Blumenthal

'Fundraising Bonanza' For These House Republicans

HuffingtonPost.com | Paul Blumenthal | Posted 07.25.2013 | Politics

WASHINGTON -- In the first six months of their tenure, new House committee chairmen have seen their campaign contributions increase by 59 percent from...

Protect Yourself From Credit Discrimination

Jason Alderman | Posted 09.23.2013 | Business
Jason Alderman

Have you ever been turned down for a credit card and wondered why? Or gotten approved for a car loan or mortgage but suddenly the interest rate and fees are much higher than in the initial quote?

Stepping up the Pressure on Payday Lending

Karen Hinton | Posted 09.21.2013 | Business
Karen Hinton

We should applaud the new resolve of the CFPB, other federal agencies and state legislatures to thwart these abusive practices. But we cannot become complacent.

Obama Commends Cordray Confirmation, Work Of CFPB

AP | DARLENE SUPERVILLE | Posted 09.19.2013 | Politics

WASHINGTON — President Barack Obama is commending the work of a consumer protection agency created after the economic crisis. The Consumer Fina...

Friday Talking Points -- Harry Reid Has a Good Week, Mitch McConnell Does Not

Chris Weigant | Posted 09.18.2013 | Politics
Chris Weigant

As America's children grow up and enter into the health insurance marketplace on their own, they will be the first generation who simply will not understand what the terms 'pre-existing condition' and 'lifetime cap' mean.

GOP Senator: 'We Were Wrong'

The Huffington Post | Ashley Alman | Posted 07.18.2013 | Politics

Sen. Lindsey Graham (R-S.C.) admitted that he and his party were "wrong" to block a vote on Richard Cordray's confirmation to lead the Consumer Financ...