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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 12-22
  • Alleged student loan scammers target of new Illinois lawsuits

    Alleged student loan scammers target of new Illinois lawsuits
    Two companies offering borrowers help with student debt are running scams, according to Illinois Attorney General Lisa Madigan, making victims pay up front for sketchy solutions to problems that government programs could help solve for free. Madigan...
  • Illinois AG sues student loan debt settlement firms

    Illinois AG sues student loan debt settlement firms
    Illinois Attorney General Lisa Madigan filed two lawsuits Monday against debt-settlement firms that she claimed perpetrated “scams” against consumers trying to pay off their student loans. The two lawsuits filed Monday make Illinois the...
  • For-profit Corinthian Colleges to sell 85 schools, close 12 others

    For-profit Corinthian Colleges to sell 85 schools, close 12 others
    Corinthian Colleges Inc., the troubled for-profit college corporation, announced it will sell off the vast majority of its campuses over the next six months amid heightened scrutiny from the federal government. As part of an agreement late Thursday with...
  • Payday lender will pay $10 million to settle consumer bureau's claims

    Payday lender will pay $10 million to settle consumer bureau's claims
    Consumer advocates have long warned that payday lenders purposely try to lure borrowers into an expensive and debilitating cycle of debt. Now, the nation's consumer financial watchdog says it has proof. The Consumer Financial Protection Bureau accused a...
  • ACE Cash Express to pay $10 million over 'cycle of debt' allegations

    ACE Cash Express to pay $10 million over 'cycle of debt' allegations
    ACE Cash Express, a leading payday lender, has agreed to pay $10 million to settle federal allegations it used false threats of lawsuits and other illegal tactics to pressure customers with overdue loans to borrow more to pay them off. The Irving,...
  • For Senate leaders, conflicts take a personal turn and play out in public

    WASHINGTON Four minutes after the Senate returned from its Fourth of July recess this week, Harry Reid laced into Mitch McConnell. Senate Republican leaders were throwing a "temper tantrum," Reid told the Senate. Their conduct was "outrageous." Once...
  • Attention on student loans yields efforts for reform

    Repaying student loans can be a drag — and not just on your own finances. This month, the Senate Budget Committee held a hearing on the effect of student debt on U.S. economic growth. The hearing follows a growing body of research that suggests...
  • The Supreme Court shifts the balance of power in divided government

    The Supreme Court shifts the balance of power in divided government
    If I were Consumer Financial Protection Bureau Director Richard Cordray, I might be rethinking my retirement plans. Cordray is only 55, so it'll be a few years before the AARP inundates him with solicitations. But he may be the last director to win...
  • Inspector general criticizes consumer bureau headquarters renovation

    Inspector general criticizes consumer bureau headquarters renovation
    A government watchdog criticized the Consumer Financial Protection Bureau's controversial headquarters renovation, whose price tag has risen to an estimated $216 million, saying there was not a "sound business case" for the project because the agency...
  • Debt collectors turn to social media to track down delinquents

    PITTSBURGH After more than a decade of eluding phone calls, a Brighton Heights man said his experience with a third-party collection agency hired to recoup his student loan debt went from marginally annoying to borderline cyber stalking. Even for loan...
  • Supreme Court limits presidents' recess appointment powers

    WASHINGTON The Supreme Court on Thursday modestly curtailed a president's power to unilaterally appoint officials during a Senate recess. In a limited defeat for President Barack Obama and his White House successors, the court unanimously ruled that...