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Tag Archives: Consumer Financial Protection Bureau

Tougher payday loan rules to remain in place, for now (access required)

Tougher rules governing the payday lending industry, finalized during the last weeks of an Obama-era appointee who led the Consumer Financial Protection Bureau, will remain in place for now after Congress allowed a deadline to overrule them pass without action. ...

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Wells Fargo to pay $1B for mortgage, auto lending abuses (access required)

Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in years-long, wide-ranging scandal at the banking giant. However, it appears that none of the $1 billion will go directly to the victims of Wells Fargo's abuses.

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Democratic state AGs, including Frosh, move to defend consumer watchdog (access required)

WASHINGTON — Attorneys general from 16 states and the District of Columbia are seeking to defend a U.S. consumer watchdog agency in court amid speculation that President Donald Trump may fire its director, Richard Cordray. The attorneys general, all Democrats, ...

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Banks, consumer groups lock horns over arbitration (access required)

Consumer rights advocates, joined by Maryland’s attorney general, and the banking industry are going toe to toe over a federal proposal to block banks from using mandatory arbitration to resolve disputes with their customers. The 90-day comment period on a ...

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Advances on tax refunds appeal to more cash-poor Americans

Cash-strapped Americans anxious for tax refunds are increasingly turning to payment advances, prepaid cards or other costly services when getting tax preparation help, according to new federal data raising concerns among regulators about whether consumers are fully informed about the fees.

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