Search Results for 'cfpb'

What You Need to Know About the New Mortgage Rules

Marilyn Lewis on October 2, 2015

Changes that kick in Saturday are intended to make the process of getting a mortgage more transparent for most of us. Here’s the skinny.

Are You Being Unfairly Charged for Mortgage Insurance? Know Your Rights

Marilyn Lewis on July 11, 2016

Loan servicers have a history of collecting these payments even after the insurance should no longer be required. Here’s how to make sure you don’t overpay.

Using Everyday Opportunities to Teach Your Kids Money Smarts

Krystal Steinmetz on September 22, 2015

A strong financial foundation begins early. Even a trip to the shoe store can provide a child with a valuable lesson.

Debt-Relief Firm Accused of Bilking 21,000 Consumers

Krystal Steinmetz on September 17, 2015

The federal government alleges that this law firm collected tens of millions in illegal upfront fees from debt-laden consumers and did not deliver on promises to help them.

New Rules Will Boost Ailing Credit Scores for Millions

Jim Gold on September 10, 2015

If you’re an American with unresolved debt related to medical bills, this could be very good news for you.

Giant Debt Collectors to Cough Up $79 Million in Settlement

Krystal Steinmetz on September 9, 2015

The CFPB says it moved against the companies to halt “illegal and obnoxious debt collection practices.” The companies maintain the government is overreaching.

Hey, Apple Fans: Steer Clear of This Credit Card Offer

Bob Sullivan on August 31, 2015

This tour of the hard-to-find fine print reveals the potentially high cost of interest and “free” points on financing for your new Apple product.

Where in the Regs Does It Say Banks Can Pocket the Difference?

Krystal Steinmetz on August 13, 2015

This bank owes $31.5 million in customer refunds and fines because it didn’t bother to clear up mistakes on customer deposits.

Mortgage Servicer Slapped for Fake ‘Equity Accelerator’ Program

Krystal Steinmetz on July 29, 2015

One company was ordered to repay $33 million to consumers who were deceived by a program promising thousands in savings on interest.

Discover Slapped for Cheating 100,000+ Student Borrowers

Krystal Steinmetz on July 24, 2015

The bank is ordered to pay a fine and refund money to thousands of borrowers for committing an array of debt collection violations.

Millions of Citibank Credit Card Users to Receive Refunds

Krystal Steinmetz on July 22, 2015

Find out if you’re owed a chunk of the $700 million the company must pay back for its dodgy marketing and billing tactics.

Happy Birthday to the Federal Agency That Works for Your Wallet

Karla Bowsher on July 21, 2015

If you’re a consumer, it pays to learn what the Consumer Financial Protection Bureau can do for you — and your wallet. Here are three key free resources CFPB offers.

The Mortgage Companies That Prompt the Most Complaints

Karla Bowsher on July 16, 2015

Two of the nation’s biggest banks are among the lenders that give homeowners the biggest headaches.

Honda to Pay $25 Million for Allegedly Overcharging Minority Borrowers

Krystal Steinmetz on July 15, 2015

Honda’s U.S. financing division has reached a settlement over its alleged discriminatory car loan pricing.

JP Morgan Chase Ordered to Pay $50 million in Consumer Refunds

Krystal Steinmetz on July 10, 2015

Federal regulators also hit the financial giant with $136 million in penalties for its illegal debt collection practices.

4 Steps to Stop Debt Collectors in Their Tracks

Maryalene LaPonsie on July 9, 2015

Are debt collector calls causing you to lose sleep? Here are four steps to stop the harassment and get on with life.

Ask Stacy — When Can I Stop Paying Mortgage Insurance?

Stacy Johnson CPA on November 2, 2020

There’s one type of insurance you often have to buy, but don’t get to shop: mortgage insurance. Here’s how it works and what you can do to get rid of it.

Feds: Beware the Sugar-Coated Reverse Mortgage

Krystal Steinmetz on June 12, 2015

Some reverse mortgage advertising contains confusing, incomplete and inaccurate statements that could mislead seniors, a consumer watchdog agency warns.

Government to Expand Control Over Car Loans

Krystal Steinmetz on June 11, 2015

CFPB aims to make sure car buyers get a better shake from large non-bank lenders.

Feds: Mortgage Officers Raked in Bonuses for High-Interest Loans

Krystal Steinmetz on June 4, 2015

How this California company steered consumers to billions worth of costlier loans, and now must pony up $19 million for alleged ‘deceptive practices.’