The Consumer Financial Protection Agency will question banks about how overdraft fees may create serious economic hardship for consumers least able to afford it.

The Consumer Financial Protection Bureau is proposing to add the three major credit bureaus and debt colletion companies to the list of businesses the federal agency can now oversee.

The Consumer Financial Protection Bureau is proposing that it examine the business of large debt collectors and to closely watch the major credit reporting bureaus. The focus would be on the larger firms. It's a good move.

President Obama bypassed the Senate and appointed Cordray as the head of the CFPB. Yet, legal challenges will likely follow.

Three banks unveil a new three-page checking account guide. Experts hope a new era of simplified disclosure will follow.

We talk to one of our Washington reporters about what happened in the news this week.

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.

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.

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.

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.