Coronavirus pushes up demand for financial literacy, but money to pay for it is tight

Apr 22, 2020
The federal agency has a $1.2 billion fund to pay fraud victims, but can also use it for financial literacy programs.
More than 200 nonprofits focused on financial literacy sent a letter to the federal Consumer Financial Protection Bureau asking for financial help.
Alex Wong/Getty Images

With the CFPB's future uncertain, New York and other states want to step in

Mar 5, 2020
Some states are stepping up their plans to regulate the debt collection industry. Consumer advocates say the moves come at a time when Federal protections are weakening.
Gov. Cuomo announced a plan to crack down on fraud with additional oversight of the debt collection industry.
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CFPB is taking a fresh look at bank overdraft fee rule

Jul 2, 2019
The Consumer Financial Protection Bureau is reviewing a 2009 rule that regulates how banks charge customers who overdraw their checking accounts.
Saul Loeb/AFP/Getty Images

CFPB seeks to rollback rule restricting payday lenders

Feb 7, 2019
The Trump administration is handing payday lenders a potential victory.
A sign outside a "Speedy Cash" cash loans shop on Brixton High Street on Nov. 1, 2012 in London, England.
Dan Kitwood/Getty Images

Senate poised to confirm new Consumer Financial Protection Bureau chief. Then what?

Dec 3, 2018
Since the beginning of the Trump administration, the Consumer Financial Protection Bureau has been operating under the direction of Mick Mulvaney, who is also the head of the Office of Management and Budget. He’s deliberately slowed and narrowed the scope of…
White House Office of Management and Budget official Kathleen Laura Kraninger testifies during a confirmation hearing before the Senate Committee on Banking, Housing, and Urban Affairs July 19, 2018 on Capitol Hill in Washington, D.C.
Alex Wong/Getty Images

The Trump administration has a habit of renaming government groups

Oct 10, 2018
Case in point: The Consumer Financial Protection Bureau is now the Bureau of Consumer Financial Protection.
President Donald Trump hands his pen to the director of the Office of Management and Budget (OMB) Mick Mulvaney (front-L), after signing an executive order beside members of his cabinet in the Oval Office of the White House on March 17, 2017.
Michael Reynolds-Pool/Getty Images

Your student loan company just changed the terms of your agreement. What do you do next?

Sep 20, 2018
The Consumer Financial Protection Bureau helps you handle problems you’re having with a financial service or product. Here’s how that process works.
A poster of evidence is presented by then-U.S. Attorney for the Southern District of New York Preet Bharara during a press conference on May 7, 2013 in New York City.
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Nation’s top student loan official resigns

Aug 27, 2018
Seth Frotman is latest high-level departure from the CFPB since Mick Mulvaney, Trump's budget director, took over.
A student walks on the campus of the University of California, Los Angeles.
Kevork Djansezian/Getty Images

Kraninger closer to confirmation as consumer bureau chief

Aug 24, 2018
A career civil servant with little banking industry experience, Kathy Kraninger, tapped by the Trump administration to lead the Bureau of Consumer Financial Protection won the approval of the Senate Banking Committee in a party line split vote. Next, the…
Kathleen Kraninger briefing at the Washington Foreign Press Center on the "Launch of Electronic System for Travel Authorization (ESTA)."
Courtesy of Foreign Press Centers

Is Kathy Kraninger qualified to run the CFPB?

Jul 18, 2018
The Senate Banking Committee is scheduled to hold a hearing Thursday on Kathleen Kraninger, President Donald Trump’s nominee to head the Consumer Financial Protection Bureau. The nomination is controversial because Kraninger has no consumer finance experience. Her work has been at…