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1 in 4 Consumers Have Error On Their Credit Report

Larry from Columbus, Ohio shared this credit report error story with us: “I am listed as not having paid a clinic for treatment for high blood pressure. Not only have I never been inside that clinic; I have low blood pressure. Another lists me as having been treated in an emergency room and not paying. I’ve been in Continue Reading

Implementation Details Unclear in New Mortgage Settlements

Last Monday, January 7, the Federal Reserve and the Office of the Comptroller of the Currency (OCC) released the news that they and ten participating banks had decided to abandon the Independent Foreclosure Review (IFR) in favor of a new settlement. While the IFR mandates reviewers to look for evidence of illegal actions and demonstrable Continue Reading

Urging OCC to withdraw proposed bank payday & overdraft guidance

January 11, 2012 Mr. John Walsh Acting Comptroller Office of the Comptroller of the Currency 250 E Street, SW Mail Stop 2-3 Washington, DC 20219  Re: OCC Guidance on Deposit-Related Consumer Credit Products, Docket ID OCC-2011-0012 Dear Acting Comptroller Walsh:  We write to urge the OCC to withdraw its proposed guidance on payday loans offered Continue Reading

Consumers Score Long Deserved Victory As Obama Appoints Cordray

President Obama announced that he was making a recess appointment to name Richard Cordray as head of the CFPB giving the watchdog its full power to protect consumers. After months of delay and politicking, Richard Cordray was appointed to head the new Consumer Financial Protection Bureau. He’ll start with a full set of powers to Continue Reading

Consumers Union’s Guide to Security Freeze Protection

There are more than eight million new victims of identity theft each year in the U.S.

CU urges Senate to confirm Cordray for CFPB

Senate finally expected to vote on nominee to head the Consumer Financial Protection Bureau

Dec 8th: Senate To Vote on Cordray

Take action and call your Senators!

Bank of America

Confirm Cordray: We need a Wall Street watchdog!

Enough is enough. Join us on November 15th for a national day of action to give consumers the financial watchdog we deserve.

Bank customer opposes $5 fee, keeps head held high

I am not a Bank America customer,  but I think it is unfair because this fee policy will hurt people who are already struggling financially. If Bank America pulls it off, all the other greedy financial institutions will follow suit. I bank at PNC Bank (formerly National City Bank). I am not…

Richard Cordray Named To Head CFPB

Richard Cordray, former Ohio Attorney General, nominated to head the CFPB.