Free. What can be better than free? “Free” is so alluring that songwriters have created a boatload of songs about the concept. Prince, who sadly passed away last week, has a song called “Free.” “Be glad that U r free,” the lyrics go, and I...
The Consumer Financial Protection Bureau said on Tuesday (April 12) that it is adding half a dozen professionals to a number of leadership positions at the organization. Elizabeth Ellis has now been designated by the CFPB as deputy associate director for the external affairs division, while having...
In a hearing up on Capitol Hill, CFPB Director Richard Cordray detailed his agency’s record on the continuing fight against financial fraud, and some Republicans were less than impressed.
In a bit of jousting just before the Consumer Financial Protection Bureau is slated to present a semiannual report to Congress, senators on both sides of the aisle alternately championed and decried the bureau’s track record on protecting consumers from various financial malfeasances. As noted...
The CFPB announced yesterday (March 30) that it has taken action against a student loan debt relief scam that causes borrowers to pay for illegal fees tied to federal loan benefits that the company claimed to be associated with the Department of Education. According to...
The Consumer Financial Protection Bureau said Tuesday (March 29) that it has released its newest monthly consumer complaint snapshot, which, as per usual, spotlights complaints tied to debt collection. And perhaps to the surprise of no one, the highest-ranking agitator of consumer nerves were the attempts...
The Consumer Financial Protection Bureau said on Wednesday (March 23) that it has issued an advisory alongside a report detailing recommendations for financial institutions, ranging from credit unions to banks, offering information on how to recognize, report and also prevent financial exploitation of older customers....
The Consumer Financial Protection Bureau said on Friday (March 18) that, at the agency’s request, a federal district court has entered a final judgment against Morgan Drexen, a debt relief company, with the resolution of a suit brought by the CFPB three years ago. The total judgment...
Commentary published on Wednesday (March 16) by National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger may signal a contentious debate over assertions by the Consumer Financial Protection Bureau (and Director Richard Cordray) that the CFPB does not need to make a greater effort to exempt...
