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U.S. Consumer Financial Protection Bureau

A collection of news and information related to U.S. Consumer Financial Protection Bureau published by this site and its partners.

Top U.S. Consumer Financial Protection Bureau Articles

Displaying items 61-72
  • A chance to right an old wrong

    A chance to right an old wrong
    President Barack Obama's recess appointment to direct the Consumer Financial Protection Bureau (CFPB), Richard Cordray, wasted no time in announcing the watchdog agency's "nonbank supervision program." Bringing nonbank mortgage lenders more fully and...
  • CFPB's next target: overdraft practices

    Next on the Consumer Financial Protection Bureau’s to-do list: banks’ overdraft practices. Overdrafts occur when you spend more than you have in your bank account. The bank will cover those overdrafts for a fee that can run from $30 to $35....
  • Got checking account gripes? Tell the CFPB

    The Consumer Financial Protection Bureau announced this morning that it’s now taking complaints on checking accounts. Could the agency’s timing be any better? It comes just as the Wall Street Journal is reporting that Bank of America will be...
  • CFPB turns eye on private student loans

    CFPB turns eye on private student loans
    The Consumer Financial Protection Bureau says it now wants to hear from borrowers who have had problems with their private student loans. The CFPB has oversight on these loans and even has a ombudsman who is supposed to help borrowers and review...
  • American Express ordered to refund $85 million to consumers

    American Express ordered to refund $85 million to consumers
    The Consumer Financial Protection Bureau announced this morning it has ordered three subsidiaries of American Express to refund about $85 million to about a quarter of a million consumers. According to the agency, an investigation found “that at...
  • American Express ordered to refund $85M to consumers

    The Consumer Financial Protection Bureau announced Monday that it had ordered three subsidiaries of American Express to refund about $85 million to roughly a quarter-million consumers for violating consumer protection laws. In addition, several federal...
  • CFPB to begin to oversight of credit bureaus

    Credit bureaus collect all sorts of information about us from creditors, and this information is used to make decisions about whether we deserve a loan, a job or an apartment.  There are some 400 credit bureaus in the United States, but oversight has been...
  • CFPB orders Capital One Bank to refund $140 million to consumers

    Updated with Capital One's response In its first enforcement action, the Consumer Financial Protection Bureau has ordered Capital One Bank to refund $140 million to about two million customers. On top of that, the bank must pay a $25 million civil...
  • CFPB, Obama Administration urges Congress to allow students to wipe out private student loans in bankruptcy

    The Consumer Financial Protection Bureau and the Department of Education issued a reporton the status of private student loans. Americans owe more than $150 billion on such loans — much less than on federal loans — but these private loans don'...
  • The Mortgage Professor: Instead of scraping them, use Fannie and Freddie to make a better primary market

    The phase-out of Fannie Mae and Freddie Mac, which have now been in conservatorship for six years, is on indefinite hold. Terminating them without an effective replacement would devastate the market, and no effective replacement is in sight. The one...
  • Private student loan can outlive student

    When a young person who has student loans dies unexpectedly, the sad situation may be compounded by student debt falling on the shoulders of the parents. While federal student loans have a provision that discharges the debt if a borrower dies, private...
  • Many seniors trying to retire with a mortgage

    Many seniors trying to retire with a mortgage
    When Tom Greco bought his four-bedroom home three decades ago, he assumed he'd pay off the mortgage before retirement — just as his parents did. Things didn't work out that way. Instead, his $4,500 monthly mortgage payments — a consequence...