

Politics Mar 03

WASHINGTON (AP) — The Supreme Court wrestled Tuesday with whether to make it easier for the president to fire the head of the agency that enforces federal consumer financial laws, a decision that could ultimately impact a vast range of…
By Jessica Gresko, Associated Press
Nation Aug 16

It's a job designed to protect student loan borrowers from poor practices in the student loan industry and one of the few positions explicitly named in the Dodd-Frank Act, the law passed after the 2008 financial crisis that created the…
By Ken Sweet, Associated Press
Economy Jul 22

The settlement was made over a 2017 data breach that exposed Social Security numbers and other private information of nearly 150 million people.
By Associated Press
Economy Feb 06

Consumer Financial Protection Bureau is getting rid of a requirement that lenders make sure borrowers could afford to repay a payday loan without being stuck in a cycle of debt, a standard known as "ability to repay."…
By Ken Sweet, Associated Press
Aug 27

By Ken Sweet, Associated Press
The government's top official overseeing the $1.5 trillion student loan market resigned in protest today, citing what he says is the White House's open hostility toward protecting the nation's millions of student loan borrowers.
Apr 20

By Ken Sweet, Associated Press
Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in a wide-ranging scandal at the banking giant. However, it appears that none of the $1 billion…
President Trump and Acting Director Mick Mulvaney have charted a dramatically different course for the Consumer Financial Protection Bureau, the brainchild of Sen. Elizabeth Warren that was created in 2010 to curb predatory practices and lending problems. Today those two…
Feb 12

The Trump administration has made it clear that it plans to roll back the once-tough approach of the Consumer Financial Protection Bureau, which was born out the 2008 financial crisis, and intended to be a federal watchdog cracking down on…
The leadership of the bureau had been thrown into chaos over the weekend after its permanent director, Richard Cordray, resigned and appointed English as his successor. Both Mulvaney and English claimed to be the rightful acting director.
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