CFPB

Wells Fargo, JPMorgan Chase Face Justice for Mortgage Kickbacks
Wells Fargo, JPMorgan Chase Face Justice for Mortgage Kickbacks
January 23, 2015  |  News

The Wells Fargo wagon is a-comin’ down the street…and the Consumer Financial Protection Bureau expects it to contain $24 million, just for them. That would...

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CFPB Tackles Issues Plaguing Medical Debt
CFPB Tackles Issues Plaguing Medical Debt
January 16, 2015  |  News

The Consumer Financial Protection Bureau has made it a top priority to reveal some of the shadier practices harming consumers when it comes to debt...

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How Lenders Get Away With Outrageous Interest Rates for Military Borrowers
How Lenders Get Away With Outrageous Interest Rates for Military Borrowers
December 30, 2014  |  News

A report released this month by the Consumer Financial Protection Bureau says loopholes in the Military Lending Act, passed in 2006, allow lenders to bypass...

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Sprint Faces CFPB Lawsuit Over “Cramming” Fees
Sprint Faces CFPB Lawsuit Over “Cramming” Fees
December 18, 2014  |  News

The CFPB’s crusade against bill packing, wherein consumers bills are laden with charges for services they neither requested nor approved, rolls on, now with telecom...

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CFPB Jumps Into The Real-Time Payments Fray
CFPB Jumps Into The Real-Time Payments Fray
November 21, 2014  |  Financial Inclusion

Bankers must make consumer safety a priority as they develop a new, real-time electronic payments system, Consumer Financial Protection Bureau Director Richard Cordray told a...

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CFPB To Regulate Prepaid Cards
CFPB To Regulate Prepaid Cards
November 14, 2014  |  Alternative Finances

New debit-card regulations from the Consumer Financial Protection Bureau won’t just cover reloadable plastic cards, but also payment services like PayPal, Venmo, Square Cash and...

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Colorado’s Payday-Loan Experiment May Foreshadow Nationwide Changes
Colorado’s Payday-Loan Experiment May Foreshadow Nationwide Changes
November 11, 2014  |  Alternative Finances

Colorado lawmakers, taking action against payday lenders, revised the state’s lending rules that, in 2010, extended loan terms to a minimum of six months. Short-term...

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Banks Overhaul Overdrafts
Banks Overhaul Overdrafts
October 31, 2014  |  News

The CFPB wants to take a closer look at overdraft fees, stating Monday (Oct, 27) that it tends to view overdraft as a form of...

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CFPB Eyeing Checking Accounts
CFPB Eyeing Checking Accounts
October 29, 2014  |  News

The Consumer Financial Protection Bureau (CFPB) is looking hard at banks’ policies on opening consumer checking accounts, including the third-party databases they use, American Banker...

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