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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 45-55
  • Banking regulators launch broad review of financial rules

    Banking regulators launch broad review of financial rules
    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...
  • 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...
  • 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...
  • 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,...
  • 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...
  • Dealers defend car loan mark ups

    Dealers defend car loan mark ups
    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-...
  • Mortgage servicer to pay $268 million to Californians

    Mortgage servicer to pay $268 million to Californians
    California victims of alleged foreclosure abuses will get $268 million in relief from a $2.1-billion national settlement with Ocwen Financial Corp., the nation's largest non-bank provider of mortgage customer service. Ocwen broke state law by improperly...
  • 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...
  • 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...
  • Sallie Mae's loan terms violated rights of military service members, officials say

     
    About 60,000 service members will receive a cut of $96 million in settlements that federal regulators announced Tuesday with student loan servicer Sallie Mae over allegations that its terms violated service members' rights. Authorities alleged Sallie...