CFPB Journal staff report – Page 28

CFPB finalizes consumer narrative expansion for complaint portal

The Consumer Financial Protection Bureau has finalized the expansion of the consumer narrative portion of its online complaint database.

CFPB renovation costs increase again

Estimated renovation costs for the rented headquarters of the Consumer Financial Protection Bureau have increased yet again, to approximately $215 million, according to a report from the Federal Reserve’s Inspector General Mark Bialek.

GE Capital fined for discrimination, deceptive card practices

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.

CFPB: Medical debt disproportionately affects credit scores

Credit scoring models may over-estimate the impact of consumers’ medical debt, according to a study from the Consumer Financial Protection Bureau.

Number of seniors with mortgages up, CFPB finds

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.

CFPB proposes change to privacy disclosures

The Consumer Financial Protection Bureau is proposing a rule that would change the way banks distribute privacy disclosures.

Financial marketers outspend financial educators 25-to-1

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.

How much will the CFPB spend now?

For more than two years, lawmakers in Congress fought over the Consumer Financial Protection Bureau’s structure.

CARD Act rule will make it easier for stay-at-home adults to get credit

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.

Tool helps compare college expenses

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.