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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 111-121
  • Most payday loan borrowers get stuck in 'revolving door of debt'

    Most payday loan borrowers get stuck in 'revolving door of debt'
    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...
  • Kids and Money: Watch your step with interest-deferred credit cards

    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...
  • Regulators accuse Cash Call of improperly collecting from borrowers

    Regulators accuse Cash Call of improperly collecting from borrowers
    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...
  • CashCall, the ex-regulator and the revolving door

    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...
  • Maryland to receive $88 million of $2.1 billion national settlement

    Maryland to receive $88 million of $2.1 billion national settlement
    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...
  • Ally Financial pays $98 million to settle auto lending bias probe

    Ally Financial pays $98 million to settle auto lending bias probe
    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...
  • Co-signing has risks for young borrower, too

    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...
  • U.S. agencies learning clarity

    U.S. agencies learning clarity
    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...
  • Sallie Mae's loan terms violated rights of military service members, officials say

     
    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...
  • New report shows continued frustration with the accuracy, dispute process of credit reports

     
    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.....
  • Free video gives 5 steps to get money for college

    Free video gives 5 steps to get money for college
    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...