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Other Consumer Issues: In the News

Items 1 - 10 of 14  12Next

The Future of Wall Street Regulation Is in Andrew Cuomo's Hands (New Republic)

New York Governor Andrew Cuomo must soon appoint a replacement superintendent for the state Department of Financial Services (DFS), an obscure regulatory position that the current head, Benjamin Lawsky, elevated into a major national player over the past four years. Read More


N.Y. AG finds sponsors for payroll cards bill (Legal Newsline Legal Journal)

Two New York lawmakers will sponsor a bill designed to increase protection for workers using payroll cards, state Attorney General Eric Schneiderman said on Tuesday. Read More


There Goes The Neighborhood: Foreclosed Homes Shelter Crime, Threaten Communities (Long Island Press)

New York State had the third-highest number of homes in foreclosure in the nation—5 percent of mortgages, with 8 percent more in serious delinquency—behind Florida and New Jersey as of August, according to analytics firm CoreLogic’s latest report this summer. Read More


CFPB debuts Spanish language website (CFPB)

CFPB en Español features mobile capability and answers to consumers’ common financial questions. Read More


Consumer Financial Protection Bureau invites consumers to Ask CFPB (Consumer Financial Protection Bureau)

Today, the Consumer Financial Protection Bureau (CFPB) launched Ask CFPB, an interactive online tool that will help consumers find clear, unbiased answers to their financial questions. Read More


Rent-A-Center CEO: New Consumer Bureau Won't Have Authority Over Us (Huffington Post)

Consumer advocates say that the high interest rates that Rent-a-Center effectively charges are no different from the sky-high terms offered by payday lenders. Now, some are looking to Richard Cordray, recently installed at the helm of the newly created Consumer Financial Protection Bureau, to rein in the retailer. Read More


Free Nonprofit Tax Prep for Low-Income Families (WHAM)

Last year, C.A.S.H. filed 13,000 returns with the help of 500 volunteers. Read More


Some Lenders to Students Face Greater U.S. Scrutiny (The New York Times)

The Consumer Financial Protection Bureau is stepping up its scrutiny of nontraditional lenders to students at profit-making colleges and trade schools that have high rates of default, the newly appointed director of the bureau said Thursday. Read More


Consumer bureau chief looking into Buy Here Pay Here auto dealers (Los Angeles Times)

Richard Cordray, director of the Consumer Financial Protection Bureau, says he is concerned about the practices of auto dealers who lend money directly to buyers at interest rates that can top 30%. Read More


Consumer Advocates Praise FDIC Settlement to End RALs from Republic Bank & Trust (PRNewswire)

Advocates at the Community Reinvestment Association of North Carolina (CRANC), the Consumer Federation of America (CFA), and the National Consumer Law Center (NCLC) applauded the FDIC's settlement with Republic Bank & Trust which requires the bank to terminate its refund anticipation loan (RAL) program after the end of the next tax season. Read More