Tag Archives: cfpb

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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Ain’t no sunshine and other credit news to know this week

Taylor Tompkins

This week’s (un)lucky number is: 50 points That’s how much one poor reader’s credit score dropped after missing one car payment. And you don’t even want to know what happened to the reader’s spouse’s score. Learn from this unfortunate soul…
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Seasonal jobs and other credit news to know this week

Taylor Tompkins

This week’s (un)lucky number is: 30 percent That’s the number of card issuers who trap customers into arbitration with no way to opt out. It’s a complicated concept that basically disallows cardholders to join class-action lawsuits against the issuer. But it…
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DNA tests, CFPB survivor and other credit news to know this week

Taylor Tompkins

This week’s (un)lucky number is: 43 percent That’s the number of cardholders who are revolving debt. The debt they’re accruing is probably more than the worth of that free plane ticket or hotel stay on a rewards card. If your…
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