Consumer Financial Protection Bureau Gets Ready to Launch
The Consumer Financial Protection Bureau was established thanks to the Dodd-Frank Wall Street Reform and Consumer Protection Act, the huge financial reform bill that was signed into law on July 21,...
View ArticleDebt Collectors as Victims?
The New York Times reports that debt collectors are feeling victimized by consumers who are rude to them. Huh? While it goes without saying the people should be civil in their interactions with one...
View ArticleWarren Passed Over to Head New Consumer Financial Protection Bureau
Harvard Professor Elizabeth Warren championed the rights of consumers and, with the backing of the White House, fought for the inclusion of the new Consumer Financial Protection Bureau in last year’s...
View ArticleCongressional Republicans Attempt to Gut Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau was created by the Dodd-Frank Act of 2010. Since its inception, it has faced a number of obstacles from House Republicans who have tried to water down its...
View ArticleConsumer Financial Protection Bureau Announces Rules on Debt Collection...
The Consumer Financial Protection Bureau, which was created via the Dodd-Frank Wall Street Reform Act, announced published a rule that enables the CFPB to supervise large debt collection agencies....
View ArticleConsumer Financial Protection Bureau Launches Debt Collection FAQ
The Consumer Financial Protection Bureau has launched a consumer information site regarding debt collection. Using a question and answer format, the CFPB walks consumers through various elements of the...
View ArticleConsumer Financial Protection Bureau Highlights Specialty Credit Bureaus
Most people are familiar with the “big three” consumer reporting agencies, namely Experian, TransUnion, and Equifax. But there are dozens of other credit bureaus that most folks have never heard of....
View ArticleCFPB Issues Report on Credit Bureau Data
The Consumer Financial Protection Bureau has issued a report on how the “big three” credit bureaus manage consumer data, and the CFPB’s press release highlights fascinating facts and figures. After...
View ArticleFederal Regulators Consider How to Best Regulate Debt Collection Industry
Bloomberg reports that the ways in which the debt collection industry uses social media may be scrutinized by the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) in...
View ArticleCFPB Pushing Refinance Plan for Private Student Loans
The New York Federal Reserve reports that student loan debt is an enormous burden – $966 billion at the end of 2012. Moreover, that number is contributing to the lack of economic growth, evidenced by...
View ArticleCFPB Finds that Payday Loans Trap Consumers in Debt
The Consumer Financial Protection Bureau recently issued a report on payday loans and deposit advance loans, finding that these financial services products “lead to a cycle of indebtedness.” No...
View ArticleAttorney Sergei Lemberg Applauds Consumer Financial Protection Bureau’s Focus...
Lemberg & Associates issued the following press release in response to the CFPB’s steps in protecting against unfair debt collection practices: Fair debt attorney Sergei Lemberg applauded the...
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