Jan 16, 2012 The American Banker says that JPMorgan Chase appears to be backing off efforts to collect unpaid credit card debt from its customers. They're not forgiving the debt, but they've quietly stopped going after it.
Jan 5, 2012 The president plans to use a recess appointment to name Richard Cordray as head of the Consumer Financial Protection Bureau.
Jan 4, 2012 President Obama bypassed the Senate and appointed Cordray as the head of the CFPB. Yet, legal challenges will likely follow.
Dec 15, 2011 Three banks unveil a new three-page checking account guide. Experts hope a new era of simplified disclosure will follow.
Dec 9, 2011 U.S. Senate Republicans blocked former Ohio attorney general Richard Cordray's appointment as director of the CFPB. The new bureau is a centerpiece in the Dodd-Frank financial reform law.
Dec 9, 2011 We talk to one of our Washington reporters about what happened in the news this week.
Dec 8, 2011 The consumer bureau was supposed to be a key part of Congressman Frank's financial reform law, the Dodd-Frank act. He talks about his frustration with Republicans who voted to block the confirmation of a director.
Dec 7, 2011 The Consumer Financial Protection Bureau wants customers to understand their credit cards better. So, they've unveiled a new and shorter prototype of a credit card agreement.
Dec 7, 2011 Republicans are trying to block the appointment of Richard Cordray as director of the CFPB in preference of a commission; Democrats say it's a fight against consumer protection.
Dec 5, 2011 this week, President Obama's expected to put the pressure on Congress to approve his nominee to head the Consumer Finance Protection Bureau. But Republicans vow to hold up any nominee until the bureau itself gets overhauled.