Politics Feb 14 White House reports nearly 18 percent drop in people with medical debt By Josh Boak, Associated Press
Nation Dec 20 Wells Fargo to pay $3.7B over consumer loan violations that affected millions of customers Consumer banking giant Wells Fargo agreed to pay $3.7 billion to settle charges that it harmed consumers by charging illegal fees and interest on auto loans and mortgages, as well as incorrectly applied overdraft fees against savings and checking accounts. By Associated Press
Economy Oct 21 Regulator seeks transparency for payment systems of big tech In its first significant action under a new director, the Consumer Financial Protection Bureau is ordering Apple, Amazon, PayPal and other tech giants to reveal how their proprietary payment networks function. By Ken Sweet, Associated Press
Politics Mar 02 WATCH: Biden choice for watchdog agency makes debut in nomination hearing Chopra would be the third permanent director of the Consumer Financial Protection Bureau. He previously worked at the watchdog agency in its early days as the top official on student loan issues and is currently a Democratic commissioner on the… By Ken Sweet, Associated Press
Politics Jun 29 Supreme Court makes it easier for president to remove Consumer Financial Protection Bureau head The high court on Monday struck from the law that created the agency restrictions on when the president can remove the bureau's director. By Jessica Gresko, Associated Press
Mar 03 Supreme Court debates presidential power to fire heads of agencies By Jessica Gresko, Associated Press 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… Continue reading
Aug 16 Trump appoints student loan industry executive to be top loan watchdog By Ken Sweet, Associated Press 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… Continue reading
Jul 22 Equifax to pay up to $700 million in data breach settlement By Associated Press The settlement was made over a 2017 data breach that exposed Social Security numbers and other private information of nearly 150 million people. Continue reading
Feb 06 Financial watchdog to gut its payday lending rules By Ken Sweet, Associated Press 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."… Continue reading
Aug 27 Nation’s top student loan official resigns 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. Continue reading