| Jul 10, 2014
| 5:45 PM
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...
| Jul 20, 2014
| 6:20 PM
Once again, the printouts heralding housing news that are heaped on my desk threaten to fall over and hurt me. In the name of safety, let's get the news (much of it mortgage-related) to the people:
The ads touting reverse mortgages are hard to miss if...
| Jul 30, 2014
| 5:05 AM
Now that consumers can use digital currencies like bitcoin to buy rugs from Overstock.com, pay for Peruvian pork sandwiches from a food truck in Washington, D.C., and even make donations to political action committees, states are beginning to explore...
| Jul 22, 2014
| 5:34 PM
The single biggest cause of personal bankruptcy in the United States isn't job loss or irresponsible use of credit. It's medical expenses.
An analysis this year by NerdWallet Health found that about 60% of all bankruptcies are health related. And a...
| Jul 17, 2014
| 7:47 AM
Nearly two-thirds of voters think the stock market is rigged against them and a majority believe Wall Street and big banks hurt average Americans, according to poll results from a pro-regulation group.
The survey by Better Markets, a nonprofit...
| Jul 18, 2014
| 9:54 AM
Savvy consumers who want to check out a product or business to see if it's worth their hard-earned dollars have plenty of places to go online to search for information. But while there's plenty of data out there, it's often too vague to draw conclusions....
| Jul 18, 2014
| 2:09 PM
As the 2016 presidential race approaches, Massachusetts Sen. Elizabeth Warren may be entering a different phase of her career — one in which she’s beating back lots of unwanted attention.
On Friday morning in Detroit, a crowd of liberal...
| Jul 14, 2014
| 10:05 AM
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.
| May 28, 2014
| 11:32 AM
Car shopping? Better start loan shopping too, or you might pay a higher interest rate than you qualify for.
Dealers are allowed to mark up interest rates on loans they arrange, usually without the knowledge of consumers. Nearly four out of five new-...
| Jun 4, 2014
| 11:32 AM
Three of the nation's financial regulators on Wednesday launched a broad effort to identify rules that are unnecessary or too burdensome for banks.
Under a 1996 law, the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the...
| Jul 2, 2014
| 8:35 AM
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...