Offers of interest-free loans may sound appealing, but there are many risks as well.
DACA supporters rally at the Supreme Court on Thursday, June 18, 2020, after the court rejected the Trump administration’s push to end DACA.
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Those who say the Supreme Court’s last term was a liberal success fail to understand that the types of decisions they see as victories are fleeting triumphs that will not endure.
A little cash can be costly.
AP Photo/Sid Hastings
Use of installment loans has grown dramatically in recent years – all without the regulatory scrutiny that tamped down on abuses in the payday loan market.
John F. Kennedy’s 1962 speech inspired the modern consumer rights movement.
AP Photo/Bill Allen
JFK pushed consumer rights to the top of the national agenda in 1962, leading to a raft of new laws offering new protections. But without enforcement, such rights are meaningless.
CFPB interim director Mick Mulvaney has brought the bureau to a near-standstill.
Reuters/Jonathan Ernst
The president recently nominated a new permanent director to take over the Consumer Financial Protection Bureau. With the CFPB doing a fraction of the work it did under Obama, what kind of agency will she lead?
Some worry Mick Mulvaney is putting banks before consumers as head of the CFPB.
Reuters/Yuri Gripas
Mick Mulvaney has only been in charge of the Consumer Financial Protection Bureau for two months, but he’s already made many decisions that will leave consumers worse off.
Consumer Financial Protection Bureau Director Richard Cordray, center, plans to step down at the end of the month.
AP Photo/Steve Helber
The decision by the bureau’s founding director to step down this month offers Republicans and the Trump administration a chance to finally gut the bureau they’ve long despised.
Republicans have been opposed to the CFPB since it was created.
Reuters/Joshua Roberts
Republican efforts to kill a rule designed to make it easier for people to sue banks are a reminder of why it’s so important to have a government agency that protects consumers.
How can we help the tens of thousands of college students who have been defrauded?
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Students across the country have been defrauded by for-profit schools. Fine print in their enrollment contracts has stopped them from bringing their cases to court, but new rules could help.
Republicans have been opposed to the CFPB since it was created.
Reuters/Joshua Roberts
Republicans are hoping to eliminate or at least defang the only federal agency tasked solely with protecting consumers from financial abuses. What would we miss if they succeed?
In Wells Fargo’s case, a discussion often wasn’t required.
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Regulators fined Wells Fargo US$185 million for fraudulently opening up more than two million fake deposit and credit card accounts. Will the victims get their pound of flesh from those responsible?