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...
NNPA NEWSWIRE — Recalling its earlier research on the family wealth lost as a result of the Great Recession, the Center for Responsible Lending (CRL), holds...
By Charlene Crowell, NNPA Newswire Contributor A June 29 U.S. Supreme Court split decision represents a major setback to both the Consumer Financial Protection Bureau (CFPB)...
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,”...
NEW ORLEANS DATA NEWS WEEKLY — When personal checking accounts are involved, transactions without available funds in checking accounts can trigger a series of fees that...
By Charlene Crowell (NNPA News Wire Columnist) On July 21, the first federal agency dedicated to serving the financial needs of consumers will be five years...
By Charlene Crowell NNPA Columnist At one time or another, many consumers have fallen behind on paying their bills. For the working poor, unemployed and...
Industry Favors Bill to Stop Related CFPB Enforcement Special to the NNPA from The Washington Informer When it comes to public policy, most citizens tend to...
By Charlene Crowell NNPA Columnist When it comes to public policy, most citizens tend to think in terms of what government can accomplish on their...
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...
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...
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...
