The war over consumer financial protection intensifies
A series of bills aimed at watering down the Consumer Financial Protection Bureau will be up for vote this week. What's a consumer agency that can't protect? by Abigail Field, contributor FORTUNE -- An...
View ArticleWhy consumers pay when Washington cracks down on bank fees
For every new rule aimed at curbing bank fees, another added cost for consumers will surely follow. FORTUNE — By solving one problem, U.S. financial regulators may have unknowingly created others they...
View ArticleBanks are missing out on payday loans
Demand for short-term loans is increasing with wider income inequality, but the market needs price competition. By Sheila Bair FORTUNE -- It's tough being a regulator. Regulate "too much" and confront...
View ArticleThe war over consumer financial protection intensifies
by Abigail Field, contributor FORTUNE — An obscure but extremely important political war is being fought in Washington right now over the design and power of the Consumer Financial Protection Bureau,...
View ArticleGE Capital agrees to largest-ever credit card discrimination settlement
General Electric’s retail credit card unit has reacheda $225 million settlement to end a pair of federal probes into allegedly discriminatory lending practices. GE Capital Retail Bank, nowknown as...
View ArticleJunior is moving back, so how much life insurance will you need?
Two weeks ago, I did a segment (some might call it an intervention) on the Today show about grown kids failing to launch, as a trend I wrote about for Fortune.com. A mom had written to the show about...
View ArticleHow money stress hurts you (and your job)
What happens when money stresses you out? Headaches? Stomach issues? Sleepless nights? What happens when money stresses you out at work? Maybe you take a day off, as more than one in five employees...
View ArticleFederal suit accuses for-profit Corinthian Colleges of predatory lending
The federal government has filed a lawsuit accusing Corinthian Colleges, the for-profit education company in the process of shutting down its operations, of engaging in predatory lending and...
View ArticleThe unknown debt that’s dragging down your credit score
This post is in partnership with Money. The article below was originally published at Money.com. By Kara Brandeisky, Money Even if you carry no debt on your credit card and pay your mortgage every...
View ArticleFive years later, Dodd-Frank naysayers are still wrong
As we approach the fifth anniversary of the passage of the Dodd-Frank financial reform bill next week, it is worth reflecting on the history of the opposition to the bill. This is useful because...
View ArticleWhat Dodd-Frank left unfinished in financial reform
This week marks the fifth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act, sometimes jokingly called "Dodd-Frankenstein." During the darkest days of the Great Recession,...
View ArticleThe CFPB Will Get Slammed in Republican Debate Commercial
Not all of the fireworks during tonight’s Republican primary debate on Fox Business will be on stage in Milwaukee. There will be some sparks during the commercial breaks, too. That’s because American...
View ArticleGoogle’s Payday Loan Ad Ban Hits a Startup It Backed
Google’s decision last week to ban digital advertising for short-term, high-cost loans, so-called payday lending, will also hit a startup lender it backed. Alphabet, the parent of Google, has a venture...
View ArticleDebt Collector on Trial for Targeting At-Risk Consumers
U.S. law enforcement efforts to crack down on what officials view as unscrupulous debt collection practices are set to take center stage at a trial of a Georgia man who prosecutors say oversaw a scheme...
View ArticleIt’s Gotten Harder to Sue Your Own Bank
This story has been updated to include comment from the American Banker’s Association. Frustrated consumers who want to take their banks to court are increasingly running into a wall. More and more,...
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