Blog Posts - Cfpb

Federal regulators stepped forward to propose a new set of rules for payday lenders and providers of high-interest loans. Regulators hope that the new rules will help protect borrowers from the “debt traps” that many of these payday loan companie...

Have you ever tried to deal with the three big credit bureaus (Experian, Equifax, and TransUnion) and it led to more frustration than before you sent your letter or called? Perhaps you’ve asked a question about an item on your credit report ...

Can you read your cell phone bill? There are a lot of people who can’t, and it has nothing to do with their ability to read. It’s because some phone bills are intentionally confusing. Why would phone companies want you to be confused abou...

My blog Thought for Your Penny has been wholly removed, and HuffPost, Lifehack, and Wordpress are in jeopardy. They were listed among dozens of sites in his complaint. My favorite is "How to Stop a Runny Nose"Here's the PDF of the judgment. I'm worki...

"Company That Sues Soldiers Pledges Reform, Changes Name" by Paul Kiel, ProPublica 10/7/2014USA Discounters has undergone a makeover.The Virginia-based retailer was the focus of a ProPublica investigation in July into its lending practices to service...

Most consumer advocates reacted positively to the news that the Fair Isaacs Corporation is going to revamp the way they calculate their FICO score so medical debts aren’t going to be viewed on the same level as credit card debts in the calculat...

  Apparently collecting the meta-data on virtually all Americans’ phone calls, monitoring our Facebook and other social media sites, and having access to our browsing history and the content of our emails through Xkeyscore is not enough infor...

The Consumer Financial Protection Bureau announced earlier today that it was doing away with employee reviews because it is racist. Here is more: The Consumer Financial Protection Bureau announced on Monday that it will now award all employees...

The Consumer Financial Protection Board, which was created by the Dodd-Frank financial regulation bill President Obama signed into law, is operating in almost complete secrecy. The public isn’t allowed in on its meetings and the minutes of thos...

David Ruggles Here I'm posting a few points I made in "Federal Agency Should Stop Playing Guessing Games" published February 21st in WardsAuto.com. You can read the full article on Wards. The Consumer Financial Protection Bureau has socked Ally Bank...

New Consumer Financial Protection Bureau (CFPB) regulations regarding Ability to Repay (ATR) and Qualified Mortgages took effect Friday, January 10, 2014. Though the intentions behind the rules are good, I think they could have the unintended consequ...

The Consumer Financial Protection Bureau announced Friday the largest auto loan discrimination case to date, in which Ally Financial Inc. and Ally Bank has been ordered to pay $80 million...

Home borrowers got a reminder Thursday that the mortgage process remains a potential minefield. A nationwide mortgage firm accused of paying employees bonuses to steer borrowers into less-favorable mortgage terms...

The Consumer Financial Protection Bureau began overseeing the payday loan industry in 2012 and is now accepting complaints from borrowers who experience issues with them. Consumers who take out payday...

The Consumer Financial Protection Bureau said Thursday it would soon enforce four measures to stop improper kickbacks by mortgage insurers to mortgage lenders in exchange for business. The organization said the practice has been...

Despite the fact that housing news in 2012 and 2013 has been pretty glowing — home prices are rising and credit is beginning to open up again — American’s top...

What could possibly go wrong here? The unaccountable Consumer Financial Protection Bureau is creating a massive mortgage database, along with the Federal Housing Finance Agency, according to the website JD Supra. We can thank Barney Frank, Chris Dod...

American Express Company (NYSE: AXP) will refund $85 million to customers to resolve regulators’ claims of alleged deceptive practices.

American Express Company (NYSE: AXP) will refund $85 million to customers to resolve regulators’ claims of alleged deceptive practices.

American Express Company (NYSE: AXP) will refund $85 million to customers to resolve regulators’ claims of alleged deceptive practices.

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