New CFPB Director Rohit Chopra pledges to protect Americans from financial fraud
Credit reporting, student loan debt and payday loans among chief consumer concerns
Credit reporting, student loan debt and payday loans among chief consumer concerns
For most people, life feels better when there is something to look forward to. Whether looking forward to graduation, the arrival of a new baby, or retirement that affords a few years to just enjoy life – these kinds of things make going through challenging times somehow more manageable.
In her first news conference as a Senate-confirmed Director of the Consumer Financial Protection Bureau (CFPB), Kathleen Kraninger’s remarks sounded a lot like Mick Mulvaney, her former boss at the Office of Budget and Management (OMB).
Recent and stunning disclosures of racially-offensive writings by a high-ranking official at the Consumer Financial Protection Bureau (CFPB) has unleashed an escalating barrage of criticisms, including calls for the official to be fired and more probing questions regarding the agency’s commitment to fair lending.
the group of lawmakers seek to know what prompted Mr. Mulvaney’s actions as well as his ties to the payday lending industry.
I Won’t Be Silenced by the Solar Industry
A CFPB investigation of Navient, the nation’s largest student loan servicer of both private and federal student loans, found that borrowers were not accessing a federal student loan repayment option
In the coming months we must remain watchful for legislation and executive actions that would reverse the financial justice accomplished over the past five years
A recent national consumer poll that was jointly commissioned by CRL and Americans for Financial Reform found broad and bipartisan concerns regarding debt collectors that sue without evidence
Debt collection continues to dominate CFPB complaints
Sometimes you just have to wonder what Members of Congress are thinking about. Consider the example of a bill known as H.R. 4018. First filed last November with only five co-sponsors. By mid-December the co-sponsor list grew to 24 representing districts in seven states. Most notably, 10 Florida Representatives signed on as co-sponsors sponsors that are both Democratic and Republican, Black, Latino and Anglo. And who would object to a bill with the title, the “Consumer Protection and Choice Act”? What’s not to like? A lot. The bill is designed to severely limit the Consumer Financial Protection Bureau’s (CFPB) ability