| Jul 10, 2014
| 11:29 AM
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.
| Jul 23, 2014
| 1:16 PM
Federal and state officials filed lawsuits accusing dozens of companies of ripping off struggling homeowners by falsely promising help in avoiding foreclosures or lowering mortgage payments while collecting millions of dollars in illegal upfront fees....
| Apr 9, 2014
| 11:15 AM
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....
| Mar 24, 2014
| 9:00 PM
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...
| Jul 31, 2014
| 12:00 PM
The majority of debit card overdrafts are caused by small purchases, resulting in many consumers paying more for overdraft protection than they spent on the transactions that triggered it, according to a study released Thursday by the Consumer Financial...
| 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 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...
| Jun 27, 2014
| 12:49 PM
If I were Consumer Financial Protection Bureau Director Richard Cordray, I might be rethinking my retirement plans.
Cordray is only 55, so it'll be a few years before the AARP inundates him with solicitations. But he may be the last director to win...
| Jun 19, 2014
| 11:05 AM
GE Capital agreed to pay $225 million to about 750,000 customers to settle federal allegations of deceptive and discriminatory credit card practices, federal officials said.
The claims included an accusation that the financial firm barred Latino...
| Aug 12, 2014
| 7:33 AM
The Consumer Financial Protection Bureau, that whipping boy of big-business conservatives everywhere, demonstrated its value to the average consumer this week by explaining the pitfalls of bitcoins and other such "virtual currencies."
The key takeaway,...
| Aug 1, 2014
| 5:08 PM
An Irvine mortgage company that pulled the plug on its higher-risk loans a year before the Great Recession has launched an array of rule-bending home loans nationwide — a sign of a thaw in tightfisted lending standards in place since the housing...