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Prepaid Card or Pawn Complaint? The CFPB Is Ready to Help

CFPB

Since it began accepting consumer complaints in July 2011, the Consumer Financial Protection Bureau (CFPB) has helped hundreds of thousands of consumers resolve issues with loans, bank accounts, and other financial products. Now, it’s ready to help consumers with prepaid cards and non-bank financial products, such as pawn and car title loans, and credit repair Continue Reading

Categories: Debt Relief, Prepaid Cards, Uncategorized
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Wall Street’s Latest Wishlist For Congress Would Make Even the Pharmaceutical Industry Blush

Do you know what stands between the American people and another financial crisis? Two things. The first is a little but scrappy federal agency that just happens to be the most important institution to emerge out of the crisis, the Consumer Financial Protection Bureau (CFPB). And the second is defeating the the Wall Street Wishlist. Continue Reading

Categories: CFPB, Credit Cards, Credit Reports, Debt Collection, Debt Relief, Mortgages, Student Loans
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CU applauds federal regulators for penalizing Sallie Mae for violating servicemember student loan protections

Action no protect all student loan borrowers from loan servicing abuses

Categories: Student Loans
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Recent Actions Take Payday Lenders to Task for Deceptive Acts and Practices

by guest blogger Caitlin Watkins Twelve million Americans take out payday loans every year, according to a 2013 Pew report. Payday loans are short-term, high-interest loans – Pew estimates the annual interest rates on such loans at 400%. Folks choose these loans because they are strapped for cash and need money to pay important bills Continue Reading

Categories: CFPB, Debt Collection, Uncategorized
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Senate letter to take action to prevent interest rates from doubling on student loan borrowers

The interest rate on subsidized Stafford loans is set to double from 3.4% to 6.8% for new loans starting July 1, 2012

Categories: Student Loans
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CU: Student loan rate cap should be extended

Interest rates on subsidized Stafford student loans set to double in July unless Congress acts

Categories: Student Loans
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6 Tips for Graduating with Less Student Debt

The cost of higher education is skyrocketing, and students often end up graduating with massive debts as a result. Student loan borrowers are also defaulting on their loans at a higher rate than ever before.

Categories: Student Loans
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CU comments to the OCC on Overdraft and Bank Payday

August 8, 2011 Office of Comptroller of the Currency 250 E Street, SW Mail Stop 2-3 Washington, D.C. 20219 Re:      OCC Guidance on Deposit-Related Consumer Credit Products, Docket ID OCC-2011-0012 Dear Acting Comptroller Walsh: With this proposed guidance the OCC missed an opportunity to truly protect consumers from concerns raised by overdraft loans and Continue Reading

Categories: Banking
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Fast Cash Nation: Our Financial Health Crisis & How We Must Shape Up

Leah Plunkett, a staff attorney with the National Consumer Law Center, on how fast cash lending is bad for our financial health

Categories: CFPB
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Small Dollar Loans, Big Problems

Consumers Union funded a report written by the National Consumer Law Center that shows the need for states need to be on the front line defense against predatory lending.

Categories: Uncategorized
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