Consumer Financial Protection Bureau News
Hillary Clinton Jokes Donald Trump's Economic Speech Was Written by '6 Guys Named Steve'
Hillary Clinton wasted little time in criticizing Donald Trump 's new economic plan, which the Republican presidential nominee unveiled earlier today during a speech in a Detroit. During remarks at campaign rallies in St. Petersburg and Kissimmee, Florida, Clinton slammed her opponent for trying to
Ask Brianna: Do I Really Need a Budget in My 20s?
Don't be afraid of the word 'budget': Having a plan helps you balance wants and needs, immediate satisfaction and future goals
Mortgage Rules Updated to Help Troubled Borrowers
The Consumer Financial Protection Bureau , the government agency created to protect consumers in the wake of the financial crisis during the last decade, has updated rules related to mortgages, aiming to further protect troubled borrowers. The rules largely update how servicers -- institutions that
How Democratic VP Pick Tim Kaine's Camp Is Already Pushing Back on Liberal Critics
Democrats in Philadelphia are unlikely to greet Tim Kaine with a unified hero’s welcome when he takes the stage at the Democratic National Convention tonight. In fact, about 165 Bernie Sanders delegates answered a survey saying they’d be interested in “nonviolently and emphatically” protesting
The Note: Trump Takes on Clinton
NOTABLES --TRUMP TO DELIVER ‘BIG SPEECH’: Donald Trump is scheduled to deliver a speech in New York City today attacking Hillary Clinton. It will be a “big speech” to “discuss the failed policies and bad judgment of Crooked Hillary Clinton,” the presumptive Republican nominee tweeted yesterday.
Consumer Financial Protection Bureau to Crack Down on Payday Loan 'Debt Traps'
A federal consumer watchdog group proposed a new rule today aimed at cracking down on the payday loan industry, saying in a press release that "consumers are being set up to fail with loan payments that they are unable to repay." Payday loans, sometimes called "cash advances" or "check loans,"
Missouri Man Paid $50,000 in Interest After Taking $2,500 in Payday Loans
Small payday loans are touted as quick, short-term access to money, but people like Elliott Clark of Kansas City, Missouri, call them "debt traps." A retired and disabled Marine, Clark still has a hard time talking about the more than 5 years in which he says he struggled to pay $50,000 in interest
Customers Could File Class Action Lawsuits Against Banks Under Proposed Rule
A U.S. government watchdog consumer group is inviting public comment on a rule it proposed today that would give consumers the right to file class action lawsuits against banks and other financial firms. The Consumer Financial Protection Bureau (CFPB), an agency created after the 2008 financial