Financial services can be confusing but for non-English speaking ones living in the U.S., which at last count is more than 41 million, accessing financial services and products can be a huge problem. That’s according to the Consumer Financial Protection Bureau, which recently released a report...
The Consumer Financial Protection Bureau, which was established in July 2011 on the heels of the financial crisis, has long tried to get credit card companies to disclose more about the rates and fees they charge, and it turns out it isn’t doing such a...
As is often the case with things associated with the Consumer Financial Protection Bureau, the database it uses to log consumer complaints is an oddly controversial and touchy topic. Consumers are big, big fans and have come to treat it as a go-to when frustration...
The legislative and regulatory battles looming for the Consumer Financial Protection Bureau continue. The vast majority of United States senators have penned a letter urging the CFPB to let community banks and credit unions live free from additional regulations. The Senate action comes several months after...
The Consumer Financial Protection Bureau said on Thursday (July 14) that it had marked its fifth anniversary by outlining five ways it has made a difference in financial oversight on behalf of consumers. The dollar tally thus far: The bureau said that it has garnered $11.7...
The Consumer Bankers Association (CBA) is throwing its support behind the Consumer Financial Protection Bureau (CFPB). In a statement released on Friday (July 8), Richard Hunt, president and chief executive officer of the CBA, remarked upon the recent approval of the House of Representative’s fiscal year...
The CFPB has taken steps to crack down on mortgage servicers that aren’t keeping their technology up to date and, as a result, may be harming consumers. According to the CFPB, these companies that have failed to implement new technology are in direct violation of the bureau’s new servicing...
In a move aimed at the head of the Consumer Financial Protection Bureau, Director Richard Cordray is now the target of a dedicated television advertising campaign that alleges he is gunning to run for office as Ohio’s governor, with an eye on bringing legislation about...
The Consumer Bankers Association said on Tuesday (June 14) that it stood in agreement with reforms unveiled by House Speaker Paul Ryan (R-WI) aimed at financial products and services. In a statement released by Richard Hunt, president and CEO of the association, the CBA “applauds...
