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U.S. Consumer Financial Protection Bureau

A collection of news and information related to U.S. Consumer Financial Protection Bureau published by this site and its partners.

Top U.S. Consumer Financial Protection Bureau Articles

Displaying items 45-55
  • Consumer Financial Protection Bureau is keeping banks in check

    Consumer Financial Protection Bureau is keeping banks in check
    Michael Barr served as the U.S. Treasury Department's assistant secretary for financial institutions in 2009 and 2010. He oversaw the Obama administration's dealings with Congress in creating the Consumer Financial Protection Bureau. And he's still...
  • JPMorgan admits it broke securities laws in 'London Whale' case

    JPMorgan admits it broke securities laws in 'London Whale' case
    NEW YORK — JPMorgan Chase & Co. has made a rare declaration for Wall Street: The nation's biggest bank admitted it broke the law. The financial giant acknowledged Thursday that it violated securities laws and agreed to pay fines of $920 million as...
  • Fannie, FHA ease rules for borrowers with blemished credit

    Fannie, FHA ease rules for borrowers with blemished credit
    WASHINGTON — Policy changes by two of the biggest players in the mortgage market could open doors to home purchases this fall by thousands of people who were hard hit by the housing bust and who thought they'd have to wait for years before owning...
  • Jorge C. Corralejo works to empower small-business owners

     Jorge C. Corralejo works to empower small-business owners
    The gig: As the founding chairman and chief executive of the nonprofit Latino Business Chamber of Greater Los Angeles, Jorge C. Corralejo, 63, has been a cheerleader for small to medium-size minority-owned businesses. The nonprofit group has five...
  • Consumer bureau suit says debt-relief firm charged improper fees

    Consumer bureau suit says debt-relief firm charged improper fees
    WASHINGTON -- The federal government's consumer financial watchdog on Tuesday sued Morgan Drexen Inc., of Costa Mesa, alleging it charged more than 22,000 customers millions of dollars in illegal upfront fees to help them resolve outstanding debts....
  • Not even death stops banks from deducting fees

    Not even death stops banks from deducting fees
    Rocco Bersane died in March at the age of 56 after being hospitalized for a gallbladder infection and liver failure. At the time of his death, Bersane had about $1,175 in a Bank of America checking account. His disability-related Social Security...
  • U.S. judge dismisses suit against Dodd-Frank financial reform law

    U.S. judge dismisses suit against Dodd-Frank financial reform law
    WASHINGTON -- A federal judge has dismissed a lawsuit by a Texas bank, two free-market advocacy groups and 11 states against the Dodd-Frank Wall Street reform law, saying they did not show the likelihood of financial harm from the new government...
  • Lenders venturing back into subprime market

    Lenders venturing back into subprime market
    Michele and Russell Poland's credit was shot, but they managed to buy their suburban dream home anyway. After a business bankruptcy and a home foreclosure, they turned to a rare option in this era of tightfisted banking — a subprime loan. The...
  • Senate confirms Richard Cordray as consumer bureau chief

    Senate confirms Richard Cordray as consumer bureau chief
    WASHINGTON — The nation's consumer watchdog for credit cards, mortgages and other financial products is set to emerge from a legal cloud that threatened its authority after a Senate deal paved the way for confirmation of its director. After...
  • Sen. Elizabeth Warren starts campaign to force banks to be boring

    Sen. Elizabeth Warren starts campaign to force banks to be boring
    WASHINGTON -- Sen. Elizabeth Warren has launched a campaign to make banks boring again as she pushes legislation to enact stricter regulations forcing deposit-taking financial institutions out of the investment business. The Massachusetts Democrat wants...
  • Mortgage lender accused of paying illegal bonuses for costlier loans

    Mortgage lender accused of paying illegal bonuses for costlier loans
    WASHINGTON -- The Consumer Financial Protection Bureau on Tuesday sued Castle & Cooke Mortgage, accusing it of paying illegal bonuses to employees who steered home buyers toward higher-interest loans. The suit marks the first time a company has been...