Category Archives: Research, regulation, industry reports

CFPB advisory board dissolved after members criticize agency

Fred Williams

After six months under its Trump-appointed leader, the U.S. Consumer Financial Protection Bureau is showing new signs of strain as it scales back consumer protection activities. On Wednesday, the agency announced the dissolution of its 25-person Consumer Advisory Board, two…
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Bank whistle-blowers urge strong federal enforcement

Fred Williams

Santander worker Quarlondra Coleman told how the bank extended delinquent auto loans again and again, in order to jack up interest and fees on the struggling borrowers. “When they give out the extensions they push the money back out and…
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Fine against Well Fargo: Is Mulvaney’s CFPB changing course?

Fred Williams

The federal government’s consumer financial watchdog broke a four-month enforcement lull on Friday, but one rain shower does not necessarily end a drought. The U.S. Consumer Financial Protection Bureau brought its first enforcement action against a company since Trump appointee…
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Women turn to credit in a pinch; men splurge

Kelly Dilworth

In times of trouble, women are more likely than men to view credit cards as a financial lifeline. Men, on the other hand, are likelier to see high-interest cards as a tool for splurging on luxuries they can’t afford to…
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Platinum card really does equal prestige, researchers find

John Egan

No one ever oohs and aahs over my run-of-the-mill plastic credit cards. On the other hand, my American Express Platinum card does elicit interest from some people. Maybe it’s because the word “platinum” is plastered on it. Or because it’s…
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