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The new federal agency charged with enforcing consumer finance laws is emerging as an ambitious sheriff, taking on companies for deceptive fees and marketing and unmoved by protests that its tactics go too far.In the 14 months it has existed, the Consumer Financial Protection Bureau has launched dozens of enforcement probes and issued more than 100 subpoenas demanding data, testimony and marketing materials — sometimes amounting to millions of pages — from companies that include credit card lenders, for-profit colleges and mortgage servicers.More than two dozen interviews with agency officials and industry executives offered sweeping insight into the new agency's behind-the-scenes efforts, which have taken the financial industry off guard and have been far more aggressive than previously known.The number of subpoenas and probes was confirmed by agency, industry and trade group officials who spoke to The Associated Press on condition of anonymity because the subpoenas bar both sides fro...
A defiant President Barack Obama, tired of Senate Republicans stalling his nominee to lead a new consumer protection agency, put him in charge Wednesday over their o...
The Senate Banking Committee voted to approve President Obama 's pick to become the nation's first consumer watchdog over stiff Republican opposition.The committee v...
WASHINGTON -- The Obama administration official assembling the new federal agency overseeing credit cards, mortgages and other financial products is rebuffing bankin...
WASHINGTON (AP) — President Barack Obama declared victory Friday after congressional negotiators reached a dawn agreement on a sweeping overhaul of rules overseeing ...
Congress on Thursday passed the stiffest restrictions on banks and Wall Street since the Great Depression, clamping down on lending practices and expanding consumer ...
Consumer Financial Protection Bureau head Elizabeth Warren and Office of Servicemember Affairs chief Holly Petraeus on the future of financial regulation.
Congress on Thursday passed the stiffest restrictions on banks and Wall Street since the Great Depression , clamping down on lending practices and expanding consumer...
How to break going to cash advance places and getting payday loans .
Advice from finance expert Dave Ramsey
Consumer groups are warning about the proliferation of payday loan stores ( search ) and are urging customers to be aware of the risks involved in short-term, high-i...
The on-going discussion about the CFPB and non-bank financial products such as payday loans, prepaid cards, and the like reminds me of a conversation I had with an a...
Four people were arrested Wednesday as they tried to force their way into the annual Bank of America shareholders' meeting in Charlotte. Police used a new ordinance ...
Advice from personal finance expert Scott Gamm
PHOENIX (AP) — When Jeffrey Smith needed some quick cash to pay a medical bill, he turned to a payday loan store near his home outside Phoenix.He eventually took out...
RICHMOND, Va. -- Some of the nation's most sweeping reforms on payday lenders will take effect in Virginia Thursday, but some short-term, high-interest lenders are g...
Should you consider emergency credit ?
The new Consumer Financial Protection Bureau has too much unfettered power and President Obama's choice to lead it will be blocked until the agency is made more acco...
ABA President Frank Keating reacts to Richard Cordray's initiative to protect consumers from banks.
The consumer-protection agency that was created in the wake of the financial crisis launches Thursday lacking key powers that Congress had intended to give it.The Co...
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