Richard Cordray News
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
Lawmakers Urge FTC to Investigate 'Dark Money' Group Attacking Consumer Watchdog Group
Some lawmakers are trying to find out who's paying so-called "dark money" for ads attacking the watchdog group Consumer Financial Protection Bureau (CFPB). Protect America's Consumers, a political lobbying group, has spent nearly $58,000 on cable TV and online ads disparaging the nearly 5-year-old
How The 4-Year-Old Government Agency You May Never Have Heard of Can Help You
I was startled to notice that the government’s Consumer Financial Protection Bureau is celebrating its four-year anniversary — the fifth if you count its unofficial start while Congress was still wrangling over it. The CFPB was established in response to the financial crisis of 2008 on the premise
Scott Walker: That Was Then, This Is Now
By MICHAEL FALCONE (@michaelpfalcone) NOTABLES HERE’S A BRIEF REVIEW OF SCOTT WALKER’S WEEKEND: “Gov. Scott Walker: ‘I don’t know’ whether Obama is a Christian” (Washington Post); “Scott Walker: ‘I Don’t Really Know’ Whether Obama Loves America” (Huffington Post); “Walker feeling the heat” ...
At 3 Years Old, the CFPB Gives Americans a Soapbox
Government's Consumer Financial Protection Bureau Celebrates 3rd Anniversary
A New Government Database Would Know Almost Everything About You
Millions of Americans may soon become part of an expanded database that would give two federal regulatory agencies an up-close and personal (perhaps too up-close and personal) view of their private financial lives that, if breached, could make for a really bad day for a whole lot of people. The
'Hero-Villain' Jeopardy! Contestant Returns to Game Show Feb. 24
Contestant Arthur Chu Wows Some Viewers, Annoys Others With Game Theory Tactics
Van Jones: Liz Cheney Using the People of Wyoming, Looking Ahead to 2020
Below you can find some of the notable comments made Sunday on “This Week with George Stephanopoulos.” Our powerhouse roundtable guests included former Obama White House Green Jobs Adviser and co-host of CNN’s “Crossfire” Van Jones; former Bush White House Press Secretary Dana Perino,...
7 'Jeopardy!' Blunders By Obama's Top Consumer Watchdog
This newly installed head of the Consumer Financial Protection Bureau waited two years for confirmation from the U.S. Senate. He also won ‘Jeopardy!’ five times in 1987, graduated from both Michigan and Oxford universities, and his last name derives from the French cor de...