| Mar 24, 2014
| 9:00 PM
WASHINGTON — Four out of five people who take out a short-term payday loan either roll it over or take out another one within two weeks, pushing them into a cycle of debt, according to a report to be released Tuesday by the Consumer Financial...
| Dec 16, 2013
| 12:30 PM
Here's a familiar marketing pitch consumers may encounter this holiday shopping season: "Zero percent interest for 12 months."
Sounds appealing, but consumer experts recommend tiptoeing carefully around this financing option.
These buy-now, pay-later...
| Dec 16, 2013
| 6:34 PM
Federal regulators on Monday sued Anaheim online lender CashCall Inc., accusing the company of unlawfully collecting money from borrowers.
The Consumer Financial Protection Bureau said CashCall violated federal lending laws in at least eight states...
| Dec 17, 2013
| 1:05 PM
One fascinating aspect of a federal regulator's lawsuit this week against online lender CashCall for making allegedly illegal collections from borrowers is the identity of CashCall's defense lawyer.
He's Neil Barofsky, the former federal prosecutor...
| Dec 19, 2013
| 4:39 PM
Maryland expects to receive about $88 million of a $2.1 billion national settlement reached with Ocwen Financial Corp. over "systematic misconduct" in the mortgage servicer's handling of loans.
Announced Thursday, the deal settles a federal complaint...
| Dec 20, 2013
| 11:19 AM
Ally Financial Inc., a former General Motors Corp. lending arm that taxpayers bailed out during the financial crisis, will pay $98 million to settle federal government allegations that car dealers overcharged blacks, Latinos and Asians for Ally’s...
| May 5, 2014
| 8:30 AM
It doesn't always pay for young borrowers to add parents, grandparents or other relatives as co-signers to get a lower interest rate on a student loan from a bank.
In some cases, when the co-signer dies or falls into bankruptcy, the action may trigger an...
| May 8, 2014
| 7:24 PM
It isn't often that one hears the word "stellar" used to describe a federal form.
Nevertheless, that's the term Annetta Cheek, a leading advocate of clarity in how government communicates with citizens, uses to praise the form that took the Grand...
| May 13, 2014
About 60,000 service members will receive a cut of $96 million in settlements that federal regulators announced Tuesday with student loan servicer Sallie Mae over allegations that its terms violated service members' rights. Authorities alleged Sallie...
| Mar 4, 2014
About one of every 10 complaints filed with the Consumer Financial Protection Bureau has been about credit reporting. The majority of the complaints deal with the accuracy and completeness of the data. Last week, the agency warned companies that provide.....
| Oct 23, 2013
| 7:18 AM
Wells Fargo and its private student lending division have produced the free “Five Steps to Financial Aid” video series to educate students and their families on ways to pay for college.
It has already gotten more than 1.1 million views...