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: Biden to pick Gary Gensler to lead SEC, Rohit Chopra to helm CFPB: reports

President-elect Joe Biden will nominate Gary Gensler to lead the Securities and Exchange Commission and Rohit Chopra to lead the Consumer Financial Protection Bureau, according to media reports Sunday night......»»

Category: topSource: marketwatchJan 18th, 2021

CFPB makes major changes to student loan office — advocates worry it will be ‘open season’ on borrowers

The move comes amid other changes at the Consumer Financial Protection Bureau......»»

Category: topSource: marketwatchMay 9th, 2018

Covid forced more borrowers to be late on their mortgages than at any time since the Great Recession, CFPB reports

Communities of color have been hit hard by the pandemic, and many borrowers are still struggling, a new report from the Consumer Financial Protection Bureau says......»»

Category: topSource: washpostMay 7th, 2021

Wells Fargo discloses CFPB investigation into consumer deposit account practices

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 6th, 2021

Biden administration taps Warren ally to lead Office of Federal Student Aid, a promising sign for efforts to wipe out student debt

Sen. Warren, who pushed for his appointment, said he would "apply his fearlessness and expertise to protecting student loan borrowers." John Minchillo/ AP Richard Cordray, former head of the CFPB, is set t.....»»

Category: topSource: businessinsiderMay 3rd, 2021

: Richard Cordray to oversee America’s $1.5 trillion student loan portfolio

The former head of the CFPB under Obama will take charge of the office that oversees many high-stakes aspects of paying for college in the U.S......»»

Category: topSource: marketwatchMay 3rd, 2021

Capitol Report: CFPB moves to avert a wave of foreclosures

The Consumer Financial Protection Bureau is moving to strengthen protections for struggling mortgage borrowers, including those with non-federally backed loans who have so far been excluded from nationwide Covid-related relief......»»

Category: topSource: marketwatchApr 5th, 2021

Feds Warn Mortgage Firms: "Tidal Wave Of Distress" Coming As Forbearance Programs Set To Lapse 

Feds Warn Mortgage Firms: "Tidal Wave Of Distress" Coming As Forbearance Programs Set To Lapse  The Consumer Financial Protection Bureau (CFPB) warned mortgage firms Thursday "to take all necessary steps now to prev.....»»

Category: dealsSource: nytApr 3rd, 2021

NewsWatch: Investors worry inflation will persist after a spike this summer — but that likely won’t be the case

Faster inflation later this year will be the result of a comparison with artificially low consumer prices a year earlier during the pandemic......»»

Category: topSource: marketwatchMar 28th, 2021

: Consumer complaints to CFPB reached record highs last year — this was America’s No. 1 problem

‘As consumers dealt with the economic fallout of the pandemic, they increasingly faced problems with financial companies.’.....»»

Category: topSource: marketwatchMar 1st, 2021

Column: $1 fines from consumer agency were common under Trump. That"s about to change

The CFPB, the consumer watchdog Trump turned into a business lapdog, is set to get a new .....»»

Category: topSource: latimesJan 11th, 2021

Economic Report: Consumer prices post biggest decline since 2008 as coronavirus puts clamps on inflation

One thing anxious Americans don’t have to worry about, with the COVID-19 pandemic shutting down large slices of the economy, is inflation. Consumer prices sank 0.8% in April to mark the biggest decline since the 2008 Great Recession......»»

Category: topSource: marketwatchMay 12th, 2020

Consumer advocate Richard Cordray fears rise of "vehement" debt collectors amid pandemic

The CA.....»»

Category: realestateSource: cnbcMay 11th, 2020

Fed"s Kaplan says outlook for consumer spending is a worry

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»

Category: topSource: marketwatchApr 16th, 2020

Advocates worry insurance providers could profit from COVID-19

With unemployment spiking, consumer advocates want a temporary moratorium on insurers' ability to use falling credit scores to set premiums......»»

Category: topSource: moneycentralApr 3rd, 2020

AirPods PCB makers worry about demand deceleration

Taiwan PCB makers in the supply chain of AirPods series are worried that their shipments for Apple's TWS earphones could be dented by the coronavirus pandemic weakening consumer demand, according to industry sources......»»

Category: topSource: digitimesMar 17th, 2020

Feds sue Fifth Third for opening unauthorized accounts

The Consumer Financial Protection Bureau has sued Fifth Third Bank for opening accounts in customers’ names and enrolling them in products without their knowledge. The CFPB filed the lawsuit in federal court in Illinois. It alleges that downtown .....»»

Category: topSource: bizjournalsMar 10th, 2020

Feds sue Fifth Third for opening unauthorized accounts

The Consumer Financial Protection Bureau has sued Fifth Third Bank for opening accounts in customers’ names and enrolling them in products without their knowledge. The CFPB filed the lawsuit in federal court in Illinois. It alleges that Cincinnati-bas.....»»

Category: topSource: bizjournalsMar 10th, 2020

Fifth Third sued for opening unauthorized accounts

The Consumer Financial Protection Bureau has sued Fifth Third Bank for opening accounts in customers’ names and enrolling them in products without their knowledge. The CFPB filed the lawsuit in federal court in Illinois. It alleges that downtown .....»»

Category: topSource: bizjournalsMar 10th, 2020

U.S. consumer finance regulator seeks to pay whistleblowers for tips

The head of the U.S. Consumer Financial Protection Bureau (CFPB) said on Friday that she is asking Congress to give the regulator power to pay whistleblowers for tips that help them track down wrongdoers......»»

Category: topSource: reutersMar 6th, 2020