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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
  • California appoints auditor to examine Ocwen treatment of borrowers

    California appoints auditor to examine Ocwen treatment of borrowers
    California, as part of a consent order earlier this year, has named an auditor to assess whether Ocwen Financial Corp.’s mortgage servicing complies with state and federal laws. If the review finds violations, the state Department of Business...
  • When it comes to credit, many consumers - particularly Millennials - don't understand the score

    When it comes to credit, many consumers - particularly Millennials - don't understand the score
    Many consumers, particularly Millennials, don't really understand the score. Only one in five consumers know that bad credit scores are likely to increase finance charges by more than $5,000 over time if you're taking out a $20,000 five-year car loan,...
  • A little relief for student loan borrowers

    There's good news, and maybe better news, for student loan borrowers. But it won't solve the problem of more than 40 million Americans who together have $1.2 trillion dollars of student loan debt outstanding. That huge and growing burden of student...
  • More auto title lenders are snagging unwary borrowers in cycle of debt

    More auto title lenders are snagging unwary borrowers in cycle of debt
    Cash-strapped consumers are being shown a new place to find money: their driveways. Short-term lenders, seeking a detour around newly toughened restrictions on payday and other small loans, are pushing Americans to borrow more money than they often need...
  • Susan Tompor: Will you end up with student loan debt and no degree?

    When thinking about college debt, the big worry tends to be: Will a paycheck follow the college diploma? And will that job cover everyday bills, as well as monthly student loan payments? But as the high school graduation celebrations wind down and the...
  • US regulators warn: Ads for reverse mortgages can mislead

    We've seen the TV ad pitches from celebrities like "The Fonz" Henry Winkler and actor and ex-senator Fred Thompson, touting the benefits of reverse mortgages for older homeowners. Now U.S. regulators are warning: Don't be fooled. Many ads don't tell...
  • The Mortgage Professor: Reflecting on mandatory counseling

    Economists who extoll the virtues of free markets concede that markets don't work well under conditions of "information asymmetry," when one party to transactions, who knows a lot more than the other party, specifies the contractual terms of the...
  • Sprint and Verizon Wireless to pay $158 million in mobile 'cramming' settlement

    Sprint and Verizon Wireless to pay $158 million in mobile 'cramming' settlement
    Sprint and Verizon Wireless will pay $158 million in penalties and refunds to consumers nationwide, including many in Maryland, under a national settlement over allegations of mobile cramming. Maryland Attorney General Brian E. Frosh joined Vermont...
  • Verizon and Sprint to pay $158 million to settle mobile cramming case

    Verizon and Sprint to pay $158 million to settle mobile cramming case
    Verizon Communications Inc. and Sprint Corp. have agreed to pay a combined $158 million, including at least $120 million in consumer refunds, to settle federal and state investigations into allegations mobile customers were improperly billed for premium...
  • 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'...
  • Durbin seeks debt relief for former Everest College students

    Durbin seeks debt relief for former Everest College students
    Students who attended Corinthian colleges, including Everest College in Merrionette Park, should get "meaningful federal debt relief" in the wake of Corinthian's collapse "under the weight of its own wrongdoing," U.S. Sen. Dick Durbin said Monday in a...