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The Consumer Financial Protection Bureau and the Department of Justice have fined the institution formerly known as GE Capital Retail Bank $228 million for deceptive marketing and discriminatory credit card practices.
Credit scoring models may over-estimate the impact of consumers’ medical debt, according to a study from the Consumer Financial Protection Bureau.
Approximately 30 percent of the 41 million Americans older than 65 years old have mortgages, according to a recent report from the Consumer Financial Protection Bureau.
The Consumer Financial Protection Bureau is proposing a rule that would change the way banks distribute privacy disclosures.
For every dollar allocated to increasing financial literacy, $25 is spent on financial marketing according to a year-long study by the Consumer Financial Protection Bureau.
For more than two years, lawmakers in Congress fought over the Consumer Financial Protection Bureau’s structure.
An update to the Credit Card Accountability Responsibility and Disclosure Act, or CARD Act, will make it easier for stay-at-home moms or dads to get a credit card.
On April 11, the CFPB unveiled an online tool to help people shop for college. The tool, located at the CFPB web site, allows a person to list expenses for three colleges, side by side.
Hubert H. Humphrey III, who was named Assistant Director for Older Americans at the Consumer Financial Protection Bureau on Oct. 9, 2011, has taken on a new post at the bureau; he is now Senior Liaison Officer.
The Consumer Financial Protection Bureau announced on April 4 four enforcement actions to end what the CFPB said it believes to be “improper kickbacks paid by mortgage insurers to mortgage lenders in exchange for business.”