Obama taps former prosecutor as Wall Street cop

Jan 24, 2013
Mary Jo White battled mobsters and terrorists as U.S. Attorney. Now, she’ll face hedge fund titans and high-speed traders to revive the SEC.
Flanked by Director of the United States Consumer Financial Protection Bureau Richard Cordray (L) and former U.S. Attorney for the Southern District of New York Mary Jo White (R) , U.S. President Barack Obama makes a personnel announcement at the State Dining Room of the White House January 24, 2013 in Washington, DC. President Obama nominated Mary Jo White to become the new chairman of Securities and Exchange Commission. He also re-nominated Richard Cordray for the same position Cordray has been holding.
Alex Wong/Getty Images

This week in personal finance

Jan 11, 2013
We're talking about some of this week's biggest news stories: consumer debt, the new mortgage rules, and gun control.

Stricter mortgage rules could loosen lending

Jan 10, 2013
The Consumer Financial Protection Bureau is rolling out new rules for mortgage lending. Some bank analysts say that counter-intuitively the stricter rules could actually loosen mortgage lending.

CFPB levels first fine on Capital One

Jul 19, 2012
Capital One must pay $210 million after settling charges from the Consumer Financial Protection Bureau that it misled credit card customers.

A new cop on the credit reporting beat

Jul 18, 2012
New government oversight could give consumers more power.

CFPB to oversee credit reporting agencies

Jul 16, 2012
The Consumer Financial Protection Bureau said this morning it will assume oversight of the credit reporting industry.

For public good, not for profit.

Consumer bureau out with first list of complaints

Jun 19, 2012
The Consumer Financial Protection Bureau has made public the details of 137 complaints against credit card companies, but it's just a small fraction of the almost 17,000 such complaints the agency received.

Consumer agency nears release of complaints

Jun 15, 2012
With few regulatory teeth and partisan fighting over its budget, the new Consumer Financial Protection Bureau continues to carve out a role as a place people go to air financial grievances.

Consumer Financial Protection Bureau to create prepaid card regulations

May 24, 2012
The new Consumer Financial Protection Bureau announced this week its efforts to regulate prepaid debit cards. Regulators fear the cards aren’t backed by protections given regular credit card holders.