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CFPB takes first step toward regulating prepaid cards
Prepaid debit cards have been called the Wild West because of their rapid growth, uncontrollable fees and little regulation. That soon may change — or at least the regulation part. The Consumer Financial Protection Bureau is taking its first ...Tags: Richard Cordray, Federal Deposit Insurance Corporation, Consumers
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Federal financial watchdog needs to do better job of watching itself, study says
Watchdog with Paul MuschickThe Consumer Financial Protection Bureau is the federal government's new watchdog, charged with regulating all sorts of financial businesses in the hopes of avoiding future Wall Street fiascos. A study out today says the agency should be getting tougher... -
Mary Sanchez: Family history shadows public service qualifications
The Massachusetts Indian War of 2012 The race for U.S. Senate in Massachusetts has taken a turn toward the absurd. The contest pits two highly qualified candidates -- Scott Brown, the incumbent, who made history by snatching Ted Kennedy's seat away...Tags: Crime, Law and Justice, Politics, Elizabeth Warren, Recipes, U.S. Senate
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JPMorgan CEO may lose chairman post amid trading loss fallout
NEW YORK — Jamie Dimon faces his toughest personal challenge yet in the aftermath of the bank's $2-billion trading loss — JPMorgan Chase & Co. shareholders might strip the charismatic chief executive of his post as board chairman. With the...Tags: Annual and Special Corporate Meetings, Shareholders, Timothy Geithner, Central Bank, Federal Reserve
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The lowdown on payday loans
Watchdog with Paul MuschickPayday loans aren't illegal in Pennsylvania, but you don't see payday lending stores here because a state law caps interest rates at a number that doesn't make the loans profitable. Still, some state residents are getting the loans illegally online...... -
Do credit bureaus have constitutional right to report negative information about customers -- forever?
Interesting case going on in a federal district court in eastern district of Pennsylvania. A woman sued General Information Services, Inc., a credit reporting agency, for reporting dismissed criminal charges against her that were more than seven years...Tags: Crime, Law and Justice, Civil Laws, Laws
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Consumer bureau plans new rules on mortgage fees
WASHINGTON — The Consumer Financial Protection Bureau is considering new rules on mortgage fees, including banning origination charges based on the size of the loan. The agency, which said the new rules would make it easier for potential home...Tags: Real Estate Buyers, Economy, Business and Finance, Finance, Richard Cordray, Mortgages
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Consumer bureau to propose new rules for mortgage servicers
Anyone who has ever fought with a lender over a lost or misapplied house payment should be heartened by the latest news from the new federal mortgage industry watchdog. The Consumer Financial Protection Bureau plans to propose a straightforward...Tags: Economy, Business and Finance, Financial and Business Services, Finance, Richard Cordray, Mortgages
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Agency seeks comments on mortgage rates, fees
WASHINGTON If you're as busy as I am, asking you to weigh in on yet another request for comment from the Consumer Financial Protection Bureau is likely to be greeted with a well-understood "humph." Since the bureau's inception, it's been asking...Tags: Economy, Business and Finance, Money and Monetary Policy, The Washington Post, Investments, Finance
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Student loan blues
Brenda Small didn't think twice about taking out student loans to pay for nursing school in the late 1980s. She figured she could easily pay off the $20,000 bill — until an injury a few years later left her permanently unable to work.
Her dreams of...Tags: Tuition Planning Services, Politics, Colleges and Universities, Graduation, Rutgers University
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Consumer agency to review mandatory arbitration in financial services
Finally, a spotlight will be shone on a widespread business practice that forces unhappy customers to settle disputes through binding arbitration — rather than by telling their story in court. The Consumer Financial Protection Bureau now is seeking...Tags: Colleges and Universities, U.S. Supreme Court, Banking, Bank of America Corp., JPMorgan Chase & Co.
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Consumer bureau appointee to promote financial industry diversity
WASHINGTON -- The new consumer watchdog agency on Monday appointed an outgoing member of the Equal Employment Opportunity Commission to lead a new office to promote diversity at the agency and in the financial services industry. Stuart Ishimaru, who...
Tags: Employment Opportunities, Economy, Business and Finance, U.S. Equal Employment Opportunity Commission, Financial and Business Services, Finance
May 23, 2012
|Story| Baltimore Sun
May 21, 2012
| Allentown Morning Call
May 22, 2012
|Story| South Florida Sun-Sentinel
May 14, 2012
|Story| Los Angeles Times
May 6, 2012
| Allentown Morning Call
May 8, 2012
|Story| Baltimore Sun
May 10, 2012
|Story| Los Angeles Times
May 6, 2012
|Story| Los Angeles Times
May 13, 2012
|Story| South Bend Tribune
May 13, 2012
|Story| Los Angeles Times
Apr 29, 2012
|Story| Baltimore Sun
Apr 30, 2012
|Story| Los Angeles Times
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