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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 34-44
  • Co-signing has risks for young borrower, too

    It doesn't always pay for young borrowers to add parents, grandparents or other relatives as co-signers to get a lower interest rate on a student loan from a bank. In some cases, when the co-signer dies or falls into bankruptcy, the action may trigger an...
  • Regulator accuses ITT for-profit college chain of predatory lending

    [Updated 1:45 p.m. PST Feb. 26: This post has been updated to include a response from ITT Educational Services and to reflect the closing stock price.] In its first action against a company in the for-profit college industry, the federal Consumer...
  • Corinthian Colleges discloses Fed's probe of job placement numbers

    Corinthian Colleges discloses Fed's probe of job placement numbers
    Federal regulators are investigating for-profit college chain Corinthian Colleges Inc. for falsifying job-placement rates, adding to at least a dozen other state and federal investigations into the company's business practices, Corinthian disclosed in...
  • Regulator urges banks to give consumers free monthly credit scores

    WASHINGTON -- With few Americans checking their credit scores annually, a top financial regulator is urging banks to make the information more easily available by including it for free on monthly credit card bills. The request from Richard Cordray,...
  • Bank of America to pay $772 million for illegal credit card practices

    Bank of America to pay $772 million for illegal credit card practices
    WASHINGTON -- Bank of America Corp. has agreed to refund customers $727 million and pay $45 million in fines for illegal credit card practices, according to a settlement with federal regulators announced Wednesday. The refunds will go to as many as 2....
  • Consumer agency warns of student loan defaults if co-signer dies

    Consumer agency warns of student loan defaults if co-signer dies
    A new report released Tuesday by the Consumer Financial Protection Bureau is warning borrowers of a catch that is pushing private student loans into default even if the loan is in good standing.   The federal consumer agency said that borrowers complain...
  • Too close for comfort [Commentary]

    Too close for comfort [Commentary]
    The proverbial "revolving door" in Washington politics is nothing new. Everyone knows it happens. Everyone hates it. And yet it continues unchecked. What is new, however, is that the interconnected web of private sector and bureaucratic personnel has...
  • Fairwinds Credit Union customers cope with online-banking outages

    Fairwinds Credit Union customers cope with online-banking outages
    Fairwinds Credit Union's online banking turned into an on-again, off-again system for more than a month recently, frustrating customers for hours at a time as they tried to access their accounts and conduct transactions. "Down again? What is going on...
  • New report shows continued frustration with the accuracy, dispute process of credit reports

     
    About one of every 10 complaints filed with the Consumer Financial Protection Bureau has been about credit reporting. The majority of the complaints deal with the accuracy and completeness of the data. Last week, the agency warned companies that provide.....
  • Most payday loan borrowers get stuck in 'revolving door of debt'

    Most payday loan borrowers get stuck in 'revolving door of debt'
    WASHINGTON — Four out of five people who take out a short-term payday loan either roll it over or take out another one within two weeks, pushing them into a cycle of debt, according to a report to be released Tuesday by the Consumer Financial...
  • For consumers, more ways to complain

    For consumers, more ways to complain
    When the company Maggie Argent hired to make her mother's headstone didn't do the work, she turned to the forum that gives aggrieved customers an outlet — in the court of public opinion, if nothing else: the Internet. Argent's online complaint...