CFPB Strips Some Consumer Protections For Payday Loans
Federal regulators issue a new rule that removes a key provision crafted during the Obama administration. Lenders no longer have to check that borrowers can repay a loan.
Consumer Financial Protection Bureau
Senators To CFPB: Why Are You Still Failing To Protect Student Loan Borrowers?
Democratic lawmakers sent a letter to the director of the nation's top consumer watchdog agency demanding that the Consumer Financial Protection Bureau do its job supervising the student loan system.
Consumer Agency Failed To Protect Student Loan Borrowers, Lawsuit Says
A nonprofit student loan group alleges that the Consumer Financial Protection Bureau has abandoned its duty to police widespread mismanagement of a loan forgiveness program for public service workers.
23 Senators Demand Investigation Into Mismanagement Of Student Loan Program
The senators are calling on the nation's stop consumer protection agency to investigate a loan servicer for the troubled student loan forgiveness program for public service workers.
Senators Press CFPB To Dig Into Problems With Public Service Student Loan Program
The senators urged the director of the Consumer Financial Protection Bureau to do more to examine problems with a troubled loan forgiveness program, citing an investigative story by NPR this week.
Exclusive: Turf War Blocked CFPB From Helping Fix Student Loan Forgiveness Program
The Trump administration blocked the nation's top consumer protection agency from digging into problems with a program designed to help police, firefighters and other public service workers.
CFPB Chief Says Education Department Is Blocking Student Loan Oversight
The Consumer Financial Protection Bureau's Kathy Kraninger says the department is getting in the way of efforts to police the student loan industry. The revelation comes in a letter obtained by NPR.
Move To Pull Consumer Protection Rule Heightens Debate Over Payday Lending
One of Kathy Kraninger's first moves as CFPB chief was to move to rescind a rule that would put restrictions on payday lending. Now she'll face questions from the House Financial Services Committee.
Consumer Protection Bureau Aims To Roll Back Rule For Payday Lending
The rule would have protected borrowers from ballooning loans with giant interest rates. Now, the Consumer Financial Protection Bureau proposes ripping the rule's teeth out.
Senate Confirms Kathy Kraninger As CFPB Director
The White House official has been confirmed as the Consumer Financial Protection Bureau's new chief over objections by critics who highlighted her lack of experience in consumer protection.