It appears that federal judges may be open to the concept of the Consumer Financial Protection Bureau being unconstitutional as things stand right now. And this may mean that these judges are likely to make a decision that will set the bureau back a bit. The CFPB – Senator Elizabeth Warren’s consumer watchdog group – […]

CFPB May Have Finally Come Face to Face with a Major Threat to its Authority

News broke recently about a draft letter sent from a couple of Democrat senators. This letter was sent to the Consumer Financial Protection Bureau (CFPB) and the language of the letter strongly urges the bureau to keep on bringing attention to what the letter calls “discriminatory and unfair lending practices” taking place in the auto […]

Is the CFPB Double-Dipping in Attempts to put Pressure on Lending Companies?

There has been a lot of buzz lately about unbanked and underbanked American consumers. Like many people, you may take care of most of your financial business by way of traditional checking and savings accounts. This is not true for people who qualify as being underbanked or unbanked. As the names imply, there is a […]

Why are so many Millennials Unbanked?

News coming out of Washington D.C. has the Consumer Financial Protection Bureau (CFPB) taking serious legal action against a company called Herbies Auto Sales. This establishment is a buy-here-pay-here car dealership. The company has been charged with using abusive financing actions, purposefully misleading consumers and hiding finance charges on auto loan. As a result of […]

The CFPB Takes Steps against Illegal Lending Practices

As much as we all enjoy the rich heritage of the United States, we know that there have been times when government-sponsored initiatives have gotten a bit out of control. There are many examples of this concept that we can all recall if we try hard enough. It is usually best to know about these […]

Bill to Put a Stop to Operation Choke Point Passed by the House

While a lot of people enjoy a good mystery story or movie, there aren’t many people who like getting “mystery” bills in the mail or unknown charges on their credit card accounts. Despite people being more aware about potential identity fraud cases that are taking place these days, there is still plenty of identity theft […]

Be Aware of Suspicious Credit Card Bills and Charges

We have gone from a society that favors using cash and checks to one that uses credit cards, debit cards, online payments and even prepaid cards. These types of cards, referred to as General Purpose Reloadable (GPR) cards are starting to become very popular these days. A wide range of people, from various walks of […]

Unbanked Households behind the Surge of Popularity for Prepaid Cards

Since it was founded back in 2010, the Consumer Financial Protection Bureau (CFPB, has been in the news quite a bit. This federal regulation bureau has taken hits in the public for putting pressure on banks, and quite literally trying to drive some types of companies completely out of business. This is not to say […]

Consumer Financial Protection Bureau Set to Take Action against Student Loan Provider

Out of Los Angeles, California – Employees of financial giant Wells Fargo Bank have been under so much pressure from the company that they have issued unsolicited credit cards to people and have opened accounts that have not been authorized; charging fees and damaging peoples’ credit in the process. This according to a lawsuit that […]

Alleged Fraud Committed by Wells Fargo Employees
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