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Consumer Financial Protection Bureau

Debt Collector Getting People To Pay Up By Being Nice

The Huffington Post | Harry Bradford | Posted 05.01.2012 | Business

Turns out nice guys may not always finish last. Access Receivables, a Baltimore-based debt collection agency, is finding success using a novel app...

Bank Prepaid Cards: Silo or Suite?

Dory Rand | Posted 06.26.2012 | Money
Dory Rand

Imagine Gail, a 30-year-old mother of two school-age children. Gail is on ChexSystems and has a low credit score as the result of actions taken by an ...

A Sign That He's Helping People

The Huffington Post | Bonnie Kavoussi | Posted 04.20.2012 | Money

The complaint portals at the newly created Consumer Protection Bureau might really be helping people. On Thursday, Consumerist.com posted a story f...

Watchdog Probing Whether Overdraft Programs Go Far Enough

Posted 04.20.2012 | Business

The top consumer watchdog is scrutinizing big banks to see if their overdraft protection policies are doing enough to keep Americans from unwittingly ...

Payday Lenders Know You Gotta Spend Money To Make Money

The Huffington Post | Alexander Eichler | Posted 04.20.2012 | Business

Consumer advocates in Washington have pledged to battle payday lenders, the quick-cash loan shops that often charge ruinously high interest rates to p...

Debt Collectors Sued For Allegedly Impersonating Law Enforcement

The Huffington Post | Jillian Berman | Posted 04.19.2012 | Business

Debt collectors in West Virginia, watch out. The state is coming for you. West Virginia Attorney General Darrell McGraw filed suit against seven un...

Consumer Watchdog Eyes Discrimination By Lenders

AP | DANIEL WAGNER | Posted 04.18.2012 | Black Voices

WASHINGTON -- The Obama administration's consumer-finance watchdog says it is cracking down on lenders that discriminate against minorities and women....

Loren Berlin

Agency Backs Down In Fight To Limit Credit Card Fees

HuffingtonPost.com | Loren Berlin | Posted 04.12.2012 | Money

The government agency tasked with protecting consumers is backing down in its fight to limit credit card fees. The Consumer Financial Protection Bu...

Watchdog To Propose New Rules That Could Save Homes

AP | DEREK KRAVITZ | Posted 06.10.2012 | Business

WASHINGTON — The federal government proposed new rules on Tuesday that will give homeowners more ways to avoid foreclosure and get an accurate a...

This Sneaky Trick Doesn't Work Anymore For Payday Lenders

The Huffington Post | Alexander Eichler | Posted 04.24.2012 | Business

Lately, payday lenders have been linking up with Native American tribes as a way to sidestep U.S. law. Federal authorities seem less and less willi...

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...