Consumers without established credit records usually resort to lenders with higher-priced loan offerings. The CFPB said the burden falls hardest on the young, minorities, and those from low-income backgrounds.
Read More »Looming Changes on the Horizon for the CFPB
A shift for the CFPB looms while Republicans propose bills to dismiss current CFPB director, or re-structure the top entirely.
Read More »CFPB: Mortgage Payment Issues a Top Complaint
Mortgages are once again one of the Consumer Financial Protection Bureau’s most complained-about products, with payment issues, the misapplication of funds, and foreclosure-relief topping the list.
Read More »EXCLUSIVE: Barney Frank Responds to Trump Order
Barney Frank, one of the co-authors of the Dodd Frank Act, spoke to DS News about what President Donald Trump's latest executive order means for the future of financial regulation.
Read More »Senator Seeks Shakeup at CFPB
Sen. Deb Fischer once again filed legislation to alter the structure of the Consumer Finance Protection Bureau. Will it be successful this time?
Read More »Brown, Waters Join CFPB Fight
Two high ranking Democrats have thrown down the gauntlet to keep the Consumer Finance Protection Bureau an independent agency led by a single director.
Read More »Cordray Shares Expectations for New Administration
The Director of the Consumer Financial Protection Bureau said he has no plans to step down before his term is up in July 2018.
Read More »Citi Subsidiaries Draw Fines From CFPB
The CFPB dinged two Citi subsidiaries for using excessive paperwork and deceptive practices to hinder borrowers trying to save their homes.
Read More »Is the CFPB Director’s Future at Risk?
House Republicans claim the CFPB violated federal law, which may put Director Richard Cordray’s job in jeopardy.
Read More »Senate Banking Committee Dems Defend Cordray
Lawmakers on both sides of the aisle are pleading their respective cases as to why they believe CFPB Director Richard Cordray should stay or go as speculation persists that he will be replaced once President-elect Donald Trump takes office.
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