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Thursday, January 19, 2017
Consumer Financial Protection Bureau

Clinton Expected To Hit Wells Fargo In Speech On ‘Bad Corporate Actors’

Campaigning in Ohio on Monday, Hillary Clinton will unveil a plan to make it easier for consumers to take legal action against “bad corporate actors,” citing Wells Fargo & Co and Mylan Pharmaceuticals.

October 3, 2016
U.S. Senator Elizabeth Warren (D-MA) shows company documents to Wells Fargo CEO John Stumpf during his testimony before a Senate Banking Committee hearing on the firm's sales practices on Capitol Hill in Washington, U.S., September 20, 2016. REUTERS/Gary Cameron

Senators Push Wells Fargo CEO On Pay Clawbacks After Bogus Accounts

Earlier this month, the lender agreed to pay $190 million in penalties and customer payouts to settle the case involving the creation of credit, savings and other accounts without customers’ knowledge. About $5 million will directly go to customers, many of whom might have paid a small fee on the unwanted accounts

September 20, 2016
payday loans

Closing The Payday Loan Trap: New Rules Will Help Borrowers

It’s high time something was done about Payday Loan outfits fleecing poor people. Payday loan borrowers often pay more in fees than original loan.

June 2, 2016
An employee of a money changer holds a stack of U.S. Dollar notes before giving it to a customer in Jakarta

Online Scams: How Can You Protect Yourself and Your Family?

Scammers are smart and know how to push emotional buttons. While we all hope we won’t be taken in, it happens.

February 24, 2016
checkbook pen writing money

Scammed You Once? Crooks Bet On Scamming You Again

Of course, you have to pay an upfront fee. And of course, it’s another scam.

February 24, 2016
Democratic U.S. presidential candidates Senator Bernie Sanders and former Secretary of State Hillary Clinton arrive on stage ahead of the PBS NewsHour Democratic presidential candidates debate in Milwaukee

His Respected Friend: But What Does Bernie Really Think Of Hillary?

It is wrong to accuse Clinton of “pay for play” when the available evidence doesn’t support that accusation. And if Sanders wants to hold her to a standard of absolute purity, he should apply that same measure to himself.

February 13, 2016

As Mortgage Closing Costs Drop, You’d Better Shop Around

The average total cost a borrower pays to close on a home loan has dropped slightly.

August 20, 2015

Inspector General Criticizes Consumer Bureau’s Headquarters Renovation

By Jim Puzzanghera, Los Angeles Times WASHINGTON — A government watchdog criticized the Consumer Financial Protection Bureau’s controversial headquarters renovation, whose price tag has risen to an estimated $216 million, saying there was not a “sound business case” for the project because the agency never analyzed other options. The inspector general’s report, released Wednesday, said […]

July 2, 2014

Warren Forms Exploratory Committee, Poised To Run For Senate

Elizabeth Warren, the Harvard professor and consumer advocate who played the lead role in establishing the Consumer Financial Protection Bureau that is at the centerpiece of last year’s Dodd-Frank financial reform bill, is officially exploring a run for U.S. Senate in Massachusetts. Her website is live and she has reportedly been meeting with Democratic activists […]

August 18, 2011

Obama Nominates Richard Cordray as Director of Consumer Financial Protection Bureau; Elizabeth Warren for Senate Buzz Will Only Intensify

The White House announced Sunday President Obama’s intention to nominate former Ohio Attorney General and currrent Chief of Enforcement at the Consumer Financial Protection Bureau as that body’s first director: “American families and consumers bore the brunt of the financial crisis and are still struggling in its aftermath to find jobs, stay in their homes, […]

July 17, 2011