Young people who took low-paying, public-sector jobs with promise of loan forgiveness now ‘hosed’ by Lauren McCauley, staff writer at CommonDreams In a troubling development for the countless people saddled with student debt, the U.S. Department of Education (DOE) may be reneging on a
The number of consumers age 60 and older with student loan debt has quadrupled over the last decade in the United States, and the average amount they owe has also dramatically increased. This trend is not only the result of borrowers carrying
— by Stacy Canam. Office for Older Americans, CFPB Last week the Consumer Financial Protection Bureau (CFPB) took action against three reverse mortgage companies for deceptive advertisements, including claiming that consumers could not lose their homes. The CFPB is ordering American Advisors
The Consumer Financial Protection Bureau must stop this national crisis. — by LeeAnn Hall Have you ever picked up your phone to find an aggressive voice on the other end demanding payments on a debt you know nothing about? You’re far from
Clearly, members of the GOP in the House are all about looking for ways to handicap ANY organization tasked with performing regulatory actions that might impede their ideological plans for the future of the United States of Republica. A case in point
Fascinating how the GOP claims to be FOR smaller government and less bureaucracy, but then votes for passage of laws like this that increase the degree of bureaucracy to the detriment of consumers. Rep. Amodei who supposedly represents those of us in
President Obama took Wednesday morning to answer your questions on housing during an online interview, and it’s worth a watch. It’s part of his push for a more secure foundation for middle-class home ownership. We want to make sure you’ve got the
The central mission of the Consumer Financial Protection Bureau (CFPB) is to make markets for consumer financial products and services work for Americans — whether they are applying for a mortgage, choosing among credit cards, or using any number of other
— by Pat Garofalo on Feb 1, 2013 at 5:45 pm When the Dodd-Frank financial reform law first passed, Senate Republicans refused to confirm a director for the newly-created Consumer Financial Protection Bureau. They promised to block any nominee — regardless of
We’ve issued an Advance Notice of Proposed Rulemaking to ask for input from consumers, industry, and others about prepaid cards and their impact on the market. The prepaid card market is growing rapidly. As this market expands, we want to make sure
