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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
  • Cracking down on payday loans

    Cracking down on payday loans
    Fear not, boardwalk vacationers. Labor Day may be approaching, but one of summer's favorite pastimes, the Whac-A-Mole game, is getting an extended run. We speak, of course, of Maryland's unceasing efforts to protect consumers from unscrupulous payday...
  • Jorge C. Corralejo works to empower small-business owners

     Jorge C. Corralejo works to empower small-business owners
    The gig: As the founding chairman and chief executive of the nonprofit Latino Business Chamber of Greater Los Angeles, Jorge C. Corralejo, 63, has been a cheerleader for small to medium-size minority-owned businesses. The nonprofit group has five...
  • Military veterans can get help with mortgage, other financial disputes

     
    More veterans and their families are seeking help from the federal government to solve disputes about mortgages, credit cards and other financial matters. The Consumer Financial Protection Bureau, through an office dedicated to investigating complaints...
  • Home loan closing costs on the rise

    Home loan closing costs on the rise
    Home prices and mortgage rates aren't the only costs on the rise when it comes to buying a house these days. Expect higher closings costs as well, according to a new study by Bankrate.com. The average closing cost, which includes origination plus third-...
  • Reverse mortgages likely to get stingier

    Reverse mortgages likely to get stingier
    WASHINGTON Three years ago, with his former partner suffering from cancer, Jim Dorsey decided to borrow against the equity on his Vashon Island, Wash., home with a reverse mortgage. The couple didn't have children and didn't plan to move, so a loan that...
  • Fannie, FHA ease rules for borrowers with blemished credit

    Fannie, FHA ease rules for borrowers with blemished credit
    WASHINGTON — Policy changes by two of the biggest players in the mortgage market could open doors to home purchases this fall by thousands of people who were hard hit by the housing bust and who thought they'd have to wait for years before owning...
  • CFPB: Employers can't force workers to be paid via cards

    CFPB: Employers can't force workers to be paid via cards
    Workers take note: Your boss can’t force you to accept wages on payroll cards. The Consumer Financial Protection Bureau sent out this reminder after hearing of reports that some businesses, especially retailers and fast-food restaurants, would...
  • Debt collectors could face new regulations

    The calls to Dorothy Smith of Bethlehem started in January. She was told she owed nearly $8,300 for an unpaid home-improvement loan. Smith told the caller, Portfolio Recovery Associates of Virginia, that she didn't owe the debt. The money had been...
  • 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...
  • Paper or plastic? Workers deserve say in how they get paid

    A Pennsylvania woman's anger about having her wages loaded onto a debit card instead of deposited into her bank account has been recognized all the way in Washington, where a federal agency is warning employers they can't pay workers solely in plastic....
  • Report cites mortgage servicing problems at banks, nonbanks

     
    The Consumer Financial Protection Bureau issued a report Wednesday that says banks and nonbanks have problems handling mortgages. The report cites sloppy account transfers and poor payment processing. “Our examinations of banks and nonbanks allow us...