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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
  • Mortgage servicer shenanigans keep consumer watchdog busy

    WASHINGTON — Got problems with the company that services your home mortgage — the one that collects your payments, keeps track of your escrow account and lets you know when you're late? So your monthly numbers don't look right? You got blown...
  • Best option for underwater homeowner may be letting condo go

    By Ilyce Glink and Samuel J. Tamkin Q: In May 2005, I bought a condo in Miami for $385,000, with $140,000 down and the rest on a 6 percent, 30-year fixed-rate mortgage. Then I went through a lengthy divorce and ended up with title to the condo. Suffice...
  • U.S. sues ITT over student loans

    U.S. sues ITT over student loans
    The U.S. consumer watchdog said on Wednesday it has sued ITT Educational Services Inc for what the agency says are predatory student lending practices that could lead borrowers to default on their loans. The U.S. Consumer Financial Protection Bureau...
  • Too close for comfort [Commentary]

    Too close for comfort [Commentary]
    The proverbial "revolving door" in Washington politics is nothing new. Everyone knows it happens. Everyone hates it. And yet it continues unchecked. What is new, however, is that the interconnected web of private sector and bureaucratic personnel has...
  • Hold online lenders to account

    Hold online lenders to account
    The Consumer Finance Protection Bureau recently brought its first lawsuit against an online lender, accusing CashCall of collecting payments that borrowers didn't owe. The suit sets up a fight over the new bureau's jurisdiction, but it's one the bureau...
  • Fairwinds Credit Union customers cope with online-banking outages

    Fairwinds Credit Union customers cope with online-banking outages
    Fairwinds Credit Union's online banking turned into an on-again, off-again system for more than a month recently, frustrating customers for hours at a time as they tried to access their accounts and conduct transactions. "Down again? What is going on...
  • Mortgage servicer to pay $268 million to Californians

    Mortgage servicer to pay $268 million to Californians
    California victims of alleged foreclosure abuses will get $268 million in relief from a $2.1-billion national settlement with Ocwen Financial Corp., the nation's largest non-bank provider of mortgage customer service. Ocwen broke state law by improperly...
  • Banks embracing a housing-bubble favorite: interest-only loans

    Most of the risky mortgages that triggered the financial crisis have disappeared from the marketplace, and lenders will have even more reason to avoid them because of a new federal crackdown on loose lending. But one housing-bubble favorite —...
  • The new mortgage rules for this year

    Big changes are sweeping through the mortgage market this year. The new rules, created by the Consumer Financial Protection Bureau (CFPB) as mandated under the Dodd-Frank Act, ban some of the lending practices that contributed to the housing boom and...
  • The switch to self-employment has mortgage implications

    I am an unintended consequence. I have loads of money. I own four properties free and clear. I have no debt. My credit file is impeccable. I have a credit score of 760. And I was just turned down for a mortgage. Not just any mortgage, but a cash-out...
  • Mortgage bankers hog the 2014 Piggy Awards

    The end of the year is a time to review the year that just was. If, like me, you write about the financial services industry, this means you tend to find yourself drinking heavily and/or upping your blood-pressure medication as you total the year's supply...