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  1. Press: Slowdown in consumer protection predicted at CFPB
    President Trump is widely expected to name Mick Mulvaney, who currently serves as head of the White House Office of Management and Budget, as interim director of the Consumer Financial Protection Bureau... Before joining the Trump White House,… | Nov 21, 2017
  2. Press: We need a watchdog at Consumer Financial Protection Bureau
    The federal agency charged with safeguarding consumers is in jeopardy. Richard Cordray, the director of the Consumer Financial Protection Bureau, announced last week that he’s leaving by the end of the month. Cordray’s departure gives… | Nov 17, 2017
  3. Press: Behind the lucrative assembly line of student debt lawsuits
    Student loans have soared over the last decade, becoming the largest source of household debt outside of mortgages. The tide of rising defaults has also turned into a lucrative business, with companies collecting tens of… | Nov 13, 2017
  4. Press: CFPB suing Freedom Debt Relief for deceiving customers
    Freedom Debt Relief, the nation’s largest debt settlement services provider, built its business on lying to its customers about the company’s ability to negotiate debt settlements, the Consumer Financial Protection Bureau claims. According to the… | Nov 09, 2017
  5. Press: Student loans: Here are major complaints borrowers reported to CFPB
    Student loan borrowers' complaints to a federal watchdog suggest that some are having more problems dealing with their lenders or loan servicers than they are with making repayments. | Oct 24, 2017
  6. Press: Let consumers sue companies
    When a data breach at Home Depot in 2014 led to losses for banks nationwide, a group of banks filed a class-action lawsuit seeking compensation. Companies have the choice of taking legal action together. Yet… | Aug 22, 2017
  7. Press: Zillow says consumer agency is threatening legal action over its ads
    According to Zillow, the Consumer Financial Protection Bureau has concluded a two-year investigation into the company’s “co-marketing” arrangements that allow mortgage lenders to pay for portions of realty agents’ monthly advertising costs on Zillow websites.… | Aug 16, 2017
  8. Press: CFPB slaps Chase with $4.6M penalty over checking account problems
    The Consumer Financial Protection Bureau hit JPMorgan Chase with a $4.6 million penalty for failures related to information it provides for checking account screening reports. The CFPB said Chase did not have proper processes in… | Aug 03, 2017
  9. Press: Let consumers sue banks
    In a dispute with your bank or credit card issuer, don’t assume you can seek justice by joining other aggrieved customers in a class action lawsuit. You probably surrendered your right to join a group suit when… | Jul 24, 2017
  10. Press: Consumer Action opposes Congress’s attack on class actions
    Members of both the U.S. House and Senate took a hatchet to consumer protection today by introducing Congressional Review Act (CRA) resolutions to repeal the Consumer Financial Protection Bureau’s (CFPB) recent arbitration rule. The rule… | Jul 20, 2017
  11. Press: Voters support CFPB, strict financial regulation
    As Republicans push to overhaul Dodd-Frank, a new poll shows that voters favor strict regulation of financial institutions and the goals of the controversial CFPB. “By wide margins, voters want to see tough oversight of… | Jul 20, 2017
  12. Press: Consumers may be able sue banks again
    Consumers who are wrongly nickeled and dimed by banks, credit card issuers, debt collectors and other financial service concerns could soon regain the right to band together and sue, thanks to a new rule announced… | Jul 11, 2017
  13. Press: Government and bank websites flunk new security and privacy test
    The non-profit Online Trust Alliance (OTA) Alliance anonymously audited more than 1,000 websites for their site security, email security and privacy practices, without the sites knowing they were being watched. Websites run by the country’s… | Jun 29, 2017
  14. Press: Consumer agency condemns abuses in loan forgiveness program
    The government’s consumer watchdog is adding its voice to a growing chorus of warnings about problems with a federal program that permits people who take public service jobs to have their student loans forgiven after… | Jun 22, 2017
  15. Press: Trump wants to hide your complaints about Wall Street
    The U.S. Department of the Treasury formally recommended that Congress and the White House stop public access to a database that collects consumer complaints about financial companies, tracks responses, and records whether consumers end up satisfied. The Treasury… | Jun 15, 2017
  16. Press: Trump Administration says financial watchdog agency should be defanged
    The Trump administration called for the neutering of many of the central provisions of the Dodd-Frank Act as it offered its most detailed plans to date for the unraveling of the financial regulations put in… | Jun 13, 2017
  17. Press: How House bill would dismantle Dodd-Frank reforms
    The House of Representatives is preparing to vote on Thursday on a bill intended to make sweeping changes to the financial regulatory system. Here are some of the most significant changes in the nearly 600-page… | Jun 08, 2017
  18. Press: The CHOICE Act Is the Wrong Choice for the U.S. Economy
    The bill being considered by the House, the Financial CHOICE Act, would eviscerate these safeguards, putting the U.S. economy and taxpayers in the same perilous position as prior to the financial crisis. | Jun 06, 2017
  19. Press: Court weighs whether Trump can say “You’re fired!” to consumer watchdog
    In a packed courtroom at the U.S. District Court of Appeals, the 11 judges peppered the attorneys for the Consumer Financial Protection Bureau and mortgage lender PHH Corporation, which is challenging the regulator, about the bureau’s powers… | May 25, 2017
  20. Press: Banks, making record piles of cash, plead for regulatory relief
    After voting to radically overhaul the U.S. healthcare system, House Republicans will vote in coming weeks on rolling back financial reforms put in place to prevent big banks from once again driving the world to… | May 18, 2017
  21. Press: Push to kill prepaid card protections
    Major consumer protections slated to take effect next spring for users of prepaid credit cards would go away if a push succeeds to have Congress kill the safeguards before a deadline early next month. Scripps… | Apr 27, 2017
  22. Press: GOP bid to gut Dodd-Frank renews debate over breaking up banks
    The roll-out of legislation this week that would rip up much of the Dodd-Frank Act marks a pivotal moment for Republicans’ efforts to overhaul post-crisis financial rules. It’s also an opportunity for Democrats to push… | Apr 26, 2017
  23. Press: Don’t let Congress block protections for prepaid card users
    Here are some specifics of the CFPB's prepaid card rules that, if not overturned, will go into effect in October: ‚óŹUnauthorized charges are limited to just $50. ‚óŹFinancial institutions must investigate unauthorized or fraudulent charges.… | Apr 24, 2017
  24. Press: The Bureau of resistance
    The independent Consumer Financial Protection Bureau (CFPB) emerged as a part of Dodd-Frank, the sweeping financial-regulation legislation passed in 2010 that Trump has repeatedly promised to dismantle. It doesn’t seem likely to slow down in… | Apr 19, 2017
  25. Press: Student debt giant Navient to borrowers: You’re on your own
    Over the past several years, Jack Remondi, chief executive of student loan giant Navient Corp., has gone out of his way to tout the company’s devotion to helping Americans cope with student debt. But in… | Apr 03, 2017
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