NNPA NEWSWIRE — “Authorized” vs “Unauthorized:” Under a federal rule known as Regulation E, banks are technically only liable to cover fraudulent activity when it involves...
“Some financial service providers charge fees if a consumer decides to use a certain type of payment method, such as making a payment over the telephone,...
NNPA NEWSWIRE — “There is never a good time to enable predatory loans carrying 400% interest rates,” noted Mike Calhoun, President of the Center for Responsible...
WASHINGTON INFORMER — “All the tools and resources we have been afforded by the passage of our Fair Housing Act and fair lending laws are either...
NNPA NEWSWIRE — “[T]he Department of Education seems to be making it easier for for-profit colleges and servicers to take advantage of students,” said Debbie Goldstein,...
NNPA NEWSWIRE — Former Student Loan Ombudsman Seth Frotman asserted in his August 2018 resignation letter that CFPB leadership “has abandoned the very consumers it is...
NNPA NEWSWIRE — WASHINGTON – Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, convened a full Committee markup that will include bills introduced...
NNPA NEWSWIRE — Despite this abundance of complaints and warranted enforcement, CFPB’s first Trump-appointed leader, Mick Mulvaney as Acting CFPB Director, turned an about face on...
NNPA NEWSWIRE — WASHINGTON – Yesterday, at a hearing entitled, “Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis,”...
By Charlene Crowell NNPA Columnist In everyday life, birthdays and anniversaries of many sorts are observed and celebrated. When it comes to consumer finance, there...
KEN SWEET, AP Business Writer NEW YORK (AP) — Nine million credit card customers will receive refund checks from Citigroup after U.S. regulators forced the bank...
KEN SWEET, AP Business Writer NEW YORK (AP) — Nine million credit card customers will receive refund checks from Citigroup after U.S. regulators forced the bank...
By Charlene Crowell NNPA Columnist The Federal Trade Commission (FTC) will provide $32 million in relief to consumers who were caught in a maze of...
(Reuters) – A U.S. judge signed off on Tuesday on a $50 million settlement between the Consumer Financial Protection Bureau and Sprint Corp over claims...
By Charlene Crowell NNPA Columnist When it comes to consumer finance, traditional lenders usually review credit scores before reaching a decision. In general, the higher a...
KEN SWEET, AP Business Writer NEW YORK (AP) — The Consumer Financial Protection Bureau has fined Regions Bank $7.5 million for illegally charging customers for overdraft...
By Charlene Crowell NNPA Columnist Consumers harmed by Green Tree Servicing, LLC, a major mortgage servicer, won an important victory. Joint enforcement actions by the...
(New York Times) – Minority borrowers were once starved for credit through redlining — banks’ refusal to provide mortgages in their communities. Now the booming auto industry has...
NEDRA PICKLER, Associated Press BIRMINGHAM, Ala. (AP) — Embracing proposed new rules aimed at payday lenders, President Barack Obama on Thursday said working families need protections...
NEDRA PICKLER, Associated Press BIRMINGHAM, Ala. (AP) — Embracing proposed new rules aimed at payday lenders, President Barack Obama on Thursday said working families need protections...
By Charlene Crowell NNPA Columnist When it comes to financial services, many consumers are surprised by the range of fees attached to their transactions. From...
WASHINGTON (SFGate.com) — Arbitration clauses in the fine print of credit card and checking account agreements harm consumers by limiting the compensation they can receive...
By Charlene Crowell NNPA Columnist Financial stress can feel like a lonely struggle. But according to a new report by the Consumer Financial Protection Bureau...
(CBS News) – For years, lower-income consumers often found it impossible to get basic banking services such as a checking account because banks use a...
(CBS News) – For years, lower-income consumers often found it impossible to get basic banking services such as a checking account because banks use a...