Tag: Consumer Financial Protection Bureau

Senate Democrats and consumer advocates cite dropped cases, stalled rules, and a crippled complaint system one year after takeover.

The U.S. Consumer Financial Protection Bureau's proposed new rule would require companies to have explicit authorization from consumers to share sensitive personal and financial information.

The rule was passed in an effort to save 45 million people an average of $220 or more than $10 billion a year.

CFPB said Bank of America implemented a "double-dipping scheme" to "harvest junk fees" from customers and those actions are "illegal and undermine customer trust."

"If it stands, it will go down in history as one of the most anti-consumer court rulings in history."

“Kathy Kraninger helped implement a policy to punish innocent young children – that is a moral stain that will follow her for the rest of her life."

“I urge my colleagues in the Senate to reject this highly cynical nomination.”

The CFPB has provided an extraordinary amount of help to millions of Americans in just six years. Now it needs our help.

With a new Congress and White House committed to wealth’s concentration, we’ll sorely miss the scholar who dedicated his life to documenting wealth’s maldistribution.

The battles to rein in Wall Street fraud and resist the right-wing assault on an independent judiciary are far from over.