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Consumer Financial Protection Bureau

Michael McAuliff

Republicans Try To Defund CFPB, Labor Board Actions

HuffingtonPost.com | Michael McAuliff | Posted 02.01.2013 | Politics

WASHINGTON -- Republican senators are moving to target the Consumer Financial Protection Bureau as well as the National Labor Relations Board in the w...

Federal Agency Investigating College Campus Banking Services

The Huffington Post | Tyler Kingkade | Posted 02.19.2013 | Business

The Consumer Financial Protection Bureau announced Thursday it is opening an investigation into whether students are actually benefiting from banking ...

'The Biggest Privacy Breach In Our Time'

The Huffington Post | Caroline Fairchild | Posted 01.30.2013 | Business

Financial information is considered by most to be very private, but that isn’t stopping one credit reporting agency from sharing it without your kno...

Who's Behind the Latest Bank Giveaway?

Adam Levin | Posted 03.26.2013 | Business
Adam Levin

After raising hopes that some defrauded homeowners may finally see justice, the agency's bungled investigation and rushed settlement only managed to twist the knife deeper. Simply put, it's a travesty and still, no one goes to jail.

Is a Housing Industry Recovery Just Around the Bend?

Doug Lebda | Posted 06.25.2013 | Business
Doug Lebda

The QM rules, which will go into effect January 2014, represent a reasonable and responsible move by the CFPB to reduce risky lending. The rules are intended to further stabilize the lending environment and foster a more expedient housing recovery. Let me break out some of the CFPB's key requirements for a General Qualified Mortgage

Wall Street Keeps Winning: Can It Change?

Mike Lux | Posted 03.13.2013 | Politics
Mike Lux

If people steal money and commit fraud and never have to go to jail or pay any real penalty, they generally keep doing it. It is equally true of street criminals and Wall Street bankers.

No More Liar Loans Or Other Dreadful Mortgage Products, Regulators Say

Ben Hallman | Posted 03.12.2013 | Business
Ben Hallman

It took awhile, but more than five years after a wave of failing subprime loans wrecked the American economy, regulators have instituted new rules tha...

Thanks to Chris Dodd, Dodd-Frank Is Toothless and the Revolving Door Keeps Spinning

Jane White | Posted 03.11.2013 | Business
Jane White

As a result of this lack of courage to tackle the toxic effect of money on politics, expect that taxpayers will once again be on the hook for even more reckless banks.

Zach Carter

New Senator Takes Cue From Elizabeth Warren

HuffingtonPost.com | Zach Carter | Posted 01.23.2014 | Politics

WASHINGTON -- Freshman Sen. Angus King (I-Maine) joined Sen. Elizabeth Warren (D-Mass.) this week in the fight to rein in the financial establishment....

Fixing Errors on Your Credit Report

Jason Alderman | Posted 02.18.2013 | Money
Jason Alderman

If you've ever tried to remove inaccurate or fraudulent information from your credit report and gotten the runaround, take heart: The Consumer Financial Protection Bureau is now on the case.

Why Your Credit Score May Be Wrong

The Huffington Post | Caroline Fairchild | Posted 12.14.2012 | Money

If you have evidence proving there's a mistake on your credit report, good luck getting someone to see it. The Consumer Financial Protection Bureau...

This Woman Couldn't Believe What She Found On Her Credit Report

The Huffington Post | Posted 12.12.2012 | Money

One woman’s horror story is enough to make you check your credit report as often as you check your email. Heather Rose, a mother of three who liv...

There's a Chance Your Credit Report Is Wrong and the New Consumer Agency Is Hamstrung

Jane White | Posted 02.05.2013 | Business
Jane White

Why don't we have tougher laws that prohibit banks and credit card companies from fabricating negative credit scores so that they can charge higher interest rates and laugh all the way to the bank?

Changes to CFPB Guidelines on Remittances Keep Responsible Providers in the Game

Janis Bowdler | Posted 01.30.2013 | Business
Janis Bowdler

One of the first moves by the newly minted Consumer Financial Protection Bureau (CFPB) was to issue a rule implementing new protections for money sent to loved ones abroad, known as remittances.

Wall Street To Obama: Now That You've Won, Let's Be Friends Again

Reuters | Posted 01.06.2013 | Business

* Obama expected to name key financial regulatory heads * Bank lobbyists to focus on regulators as well as issues * Oppo...

Christina Wilkie

Wall Street Looking At A Blue Night

HuffingtonPost.com | Christina Wilkie | Posted 11.06.2012 | Business

Through much of the campaign, major Wall Street banks have nursed visions of a Republican majority capturing control of the Senate and then weakening ...

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.

It's Time to Make It Easier to Move Your Money

Pamela Banks | Posted 01.23.2014 | Money
Pamela Banks

Consumer frustration has only grown in the year since Bank Transfer Day as bank fees have continued to rise. It's time to make it easier for consumers to move their money so they have a real choice when it comes to where to bank.

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...

Catherine New

Debt Collection Rules Fall Short For Consumers

HuffingtonPost.com | Catherine New | Posted 10.24.2012 | Money

For the first time, a single federal government agency will oversee the debt collection industry starting next year, marking a monumental victory for ...

Financially Empowering Stay-at-Home Partners

Richard Cordray | Posted 12.19.2012 | Money
Richard Cordray

We recently found that a significant number of otherwise credit-worthy people may have been denied access to credit cards because they did not have their own income independent of their spouse. We thought this issue deserved further consideration.

Military Members Face Student Debt Troubles

AP | LOLITA C. BALDOR | Posted 10.23.2012 | College

WASHINGTON -- Members of the military are having trouble grappling with the confusing patchwork of student loan benefits they can receive and often en...

Catherine New

Student Loan Servicing Complaints Are 'Early Warning'

HuffingtonPost.com | Catherine New | Posted 10.16.2012 | Money

The private student loan industry smells a lot like the subprime mortgage industry: Dead ends, runarounds and few live customer service representative...

Mitt Romney Misleads on Wall Street Reform in Presidential Debate

Rep. Maxine Waters | Posted 12.04.2012 | Business
Rep. Maxine Waters

Unfortunately, the Republican ticket continued its incoherence on financial reform with Romney's comments last night.

AmEx To Issue $85 Million In Refunds

AP | MARCY GORDON | Posted 12.01.2012 | Money

WASHINGTON -- American Express Co. is paying $112.5 million in refunds and fines to settle regulators' accusations that it charged unlawful late fees ...