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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 23-33
  • CFPB sanctions Inland Empire home lender over allegedly deceptive ads

    A Rancho Cucamonga mortgage lender has agreed to pay $250,000 to settle accusations by federal regulators that its advertising deceived consumers into believing that the company was affiliated with the U.S. government. The Consumer Financial...
  • Seniors get in the act with skits to educate about scammers

    Seniors get in the act with skits to educate about scammers
    So she's 96 and her eyesight's half gone. Peggy Mollin doesn't want to sit home alone. Alone, she says, often leads to trouble, especially for people her age. Calls. Knocks on the door. Emails. Flattering sales pitches from strangers. "You love to...
  • Changes offer more protection on reverse mortgages

    Changes offer more protection on reverse mortgages
    I can see why reverse mortgages may sound attractive to cash-poor senior citizens. A bank pays you the value of the equity in your home and you continue to live there without making payments. For seniors struggling to make ends meet in retirement, it'...
  • Keeping score on credit

    The use of credit scores and reports dates back nearly 60 years. In 1956, engineer Bill Fair and mathematician Earl Isaac formed the Fair Isaac Corporation (FICO) on the premise that data could be mined and used to inform business decisions. Two years...
  • Bankruptcy is not the answer to student loan debt

    Having a bankruptcy flagged in your credit file can make obtaining a credit card, taking out a car loan or applying for a home mortgage a non-starter for years. It can also impact your ability to land a job. Yet, in a move that's certain to be closely...
  • Cohan rule may provide tax relief without receipts

    Cohan rule may provide tax relief without receipts
    Q: Thirty years ago, we bought a house that we lived in until 2-1/2 years ago, when we bought another house and moved. Our neighbor's son and wife wanted the house but didn't have the money for a down payment, so we rented it to them for 18 months until...
  • Front & Center: Closing credit's revolving door

    Front & Center: Closing credit's revolving door
    It sounds so easy. Crisis arises, but your wallet's full of cobwebs. Solution? Visit a payday lender. Yet, the commercials conveniently ignore the steep interest rates that can soar as high as 650 percent annually for lump-sum loans. Now the Consumer...
  • Ex-student of Corinthian Colleges took protest over $130,000 debt to D.C.

    Ex-student of Corinthian Colleges took protest over $130,000 debt to D.C.
    Dawn Thompson was newly divorced and seeking the promise of a brighter future when she enrolled in the online paralegal studies program offered by for-profit Everest University in 2005. Six years later, the Springfield mother of two found herself with...
  • A revolt is growing as more people refuse to pay back student loans

    A revolt is growing as more people refuse to pay back student loans
    Remember those 15 people who refused to repay their federal student loans? Their "debt strike" has picked up 85 more disgruntled borrowers willing to jeopardize their financial future to pressure the government into forgiving their student loans. And...
  • A chance to rein in payday loan abuse

    A chance to rein in payday loan abuse
    The Consumer Financial Protection Bureau has finally turned its regulatory gaze to short-term lenders — think payday loan and automobile title loan companies — that build businesses around loans that can't be repaid. The bureau floated a...
  • New crackdowns promised on payday lending

    New crackdowns promised on payday lending
    Each month, more than 200,000 needy U.S. households take out what's advertised as a brief loan. Many have run out of money between paychecks. So they obtain a "payday" loan to tide them over. Problem is, such loans can often bury them in fees and debts....