Consumer Watchdog Proposes New Rules On Payday Lenders
Regulations proposed by the Consumer Financial Protection Bureau would require lenders to determine whether customers can repay within 30 days before issuing a loan.
CFPB
Equifax Breach Puts Credit Bureaus' Oversight In Question
The day that Equifax said millions of Americans' personal information had been exposed, lawmakers were considering legislation the industry favored. Now, some are calling for tougher regulation.
More People Over 60 Are Struggling To Pay Off Student Loans, Report Finds
The Consumer Financial Protection Bureau found the number of people 60 and older with student loan debt has quadrupled in the past decade. Most loans were taken out on behalf of a child or grandchild.
Federal Court Rules Consumer Watchdog's Structure Is Unconstitutional
An independent federal agency should not be run by a single person, the court found. It decided to remedy the situation by giving the president the authority to fire the agency head at will.