Consumer Financial Protection Bureau

$4.6 billion. According to the analysis of Americans for Financial Reform, that’s the amount the Consumer Financial Protection Bureau has returned to over 12 million Americans who have been harmed by the illegal, deceptive, and discriminatory practices of financial services companies. And the...
01/23/2015
Blog
The consumer advocates at the Center for Responsible Lending don’t mince words: “overdraft ‘protection’ is a racket; not a service.” CRL explains: Transaction shuffling and multiple, exorbitant fees for small shortfalls in their checking accounts cost Americans billions per year in unfair fees....
05/13/2014
Blog
The credit reporting industry has a profound and growing impact on Americans' economic lives—from whether you can rent an apartment to how much your car loan costs to whether you get hired for a job—yet the entire system falls dangerously short on basic goals of fairness and accuracy. That was the...
03/03/2014
Blog
We are in the midst of National Protect Your Identity Week, and credit reporting giant Experian is kicking off the festivities with some ID theft prevention tips, such as signing up for Experian’s own credit monitoring service at a cost of $14.95 a month. Never mind that the Consumer Financial...
10/21/2013
Blog
When it comes to financial products, the line between employee and consumer often becomes blurry. If your boss insists that you receive your wages on a pre-paid debit card that charges high fees to access your earnings or check your balance it’s clearly a serious employment problem. And yet...
09/13/2013
Blog
Three years have passed since David (the American public) defeated Goliath (the big banks) and the Dodd-Frank Act became law. Implementation staggers forward and there have been some recent encouraging developments. But, overall, there is reason for serious concern about the fate of financial...
07/19/2013
Publication
Richard Cordray, the appointed director of the Consumer Financial Protection Bureau (CFPB) has gone 729 days without a vote. That isn’t because he’s a radical, or even controversial. It’s because the agency he’s appointed to lead was created by a law that conservatives don’t like. Their chief...
07/15/2013
Blog
The Senate confirmation vote on Richard Cordray this week won’t have much to do with Richard Cordray. As I wrote when the Senate Banking Committee considered the Cordray nomination back in March, nobody disputes the idea that the former Ohio Attorney General who has led the CFPB since January 2012...
05/21/2013
Blog
This morning the Senate Banking Committee will hold a hearing on the nomination of Richard Corday  to lead the Consumer Financial Protection Bureau. On the merits, Cordray should breeze through.  The politics, however, are destined to be thornier. Nobody questions that Richard Cordray,...
03/12/2013
Blog
Owners of small businesses want Wall Street and the large American banks to be held accountable for the lingering financial crisis. They believe that stronger regulations governing these institutions should be enacted and enforced.  According to the polling of Small Business Majority,...
02/05/2013
Blog
Syndicate content