You Searched For "cfpb" and got 20 results
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2 mins read
3 million Americans have more than $10,000 in medical debt, and they're skipping doctor's appointments because of it
The $195 billion medical debt bill harms Americans' health and their credit scores, a Kaiser Family…
Ayelet Sheffey
3 mins read
Millions of student-loan borrowers are being driven toward 'dangerous' debt for a for-profit education, investigation finds
Lightly-regulated loan options, like Buy Now Pay Later, could leave borrowers with massive student …
Ayelet Sheffey
2 mins read
Biden's Education Department is cracking down on private student-loan lenders that steer 'vulnerable' borrowers 'deeper in debt'
Biden's Federal Student Aid office reminded colleges they must disclose all private student loan co…
Ayelet Sheffey
3 mins read
Inaccurate medical bills are trapping Americans in a 'doom loop' costing them $88 billion last year, Biden's top consumer watchdog finds
Some of the $88 billion in medical debt that landed on consumers' credit reports last year weren't …
Ayelet Sheffey
2 mins read
Student-loan companies' 'illegal conduct' can ruin borrowers' chances of debt forgiveness, Biden's top consumer watchdog says — and they're about to face stepped up scrutiny
The CFPB's Rohit Chopra wants to ensure student-loan companies' bad behavior doesn't stand in the w…
Ayelet Sheffey
2 mins read
Student-loan borrowers don't have 'an effective check' over the companies that manage their debt, a Democratic lawmaker says
Rep. Katie Porter said the Education Department has a "conflict of interest" in the student-loan in…
Ayelet Sheffey
2 mins read
Biden just reduced 'financial distress' for veterans by allowing most of their medical debt to go unreported to credit bureaus
Any debt, whether it be medical or student debt, can harm credit scores. The VA is ensuring veteran…
Ayelet Sheffey
2 mins read
Schools that give private student loans using 'illegal practices' are facing a crackdown from Biden's top consumer watchdog
Students that get loans directly from their school can be harmed by strict debt collection practice…
Ayelet Sheffey
3 mins read
Why the government is raising an eyebrow at Gen Z's favorite new way to spend: 'Buy now, pay later'
"We've been flooding the market with all this credit and no one's been keeping track of what's been…
Ben Winck
4 mins read
How 3 big Supreme Court cases could derail the government
The Supreme Court is hearing three major cases that could upend the way the government works, putti…
Ayelet Sheffey
2 mins read
Big banks charging Americans millions in 'exploitative' overdraft fees are about to see a crackdown from Biden's top consumer watchdog
Sen. Elizabeth Warren blasted JPMorgan's Jamie Dimon for charging $1.5 billion in overdraft fees du…
Ayelet Sheffey
2 mins read
A group of student-loan borrowers are getting $30 million in debt relief after a tech boot camp offered them 'illegal' payment plans, a federal watchdog says
Boot camp Prehired reached a settlement with the CFPB after being sued over claims it "tricked" stu…
Ayelet Sheffey
3 mins read
The student-loan industry could face a crackdown as yet another Elizabeth Warren ally takes a top oversight job for Biden
The Senate confirmed Rohit Chopra, who used to be a student-loan watchdog, to lead the Consumer Fin…
Ayelet Sheffey
2 mins read
A student-loan financing company just got caught reportedly misleading borrowers by saying a loan isn't a loan
Income share agreements, or ISAs, are an alternative form of student-loan financing. The CFPB said …
Ayelet Sheffey
2 mins read
Some student-loan borrowers with private debt are being forced to make payments they don't owe, a federal watchdog says
Lenders are "dissuading" some private student-loan borrowers from fighting potential fraud at their…
Ayelet Sheffey
2 mins read
Student-loan borrowers are being stripped of debt relief and cheaper monthly payments because of poor customer service, a federal watchdog says
Over 6,000 federal student-loan borrowers complained to the CFPB that their servicer was making a r…
Ayelet Sheffey
2 mins read
$3.4 million in student-debt cancellation is on the way for borrowers who went to a for-profit school that 'falsely' touted job-placement rates, the FTC says
The FTC said student-loan borrowers who went to Sollers College were lured into "illegal" income-sh…
Ayelet Sheffey
2 mins read
Student-loan borrowers in Minnesota are getting over $17,000 in refunds after paying a company that 'falsely promised' debt relief, the state attorney general says
Minnesota's attorney general shut down Docupros, a company accused of scamming student-loan borrowe…
Ayelet Sheffey
3 mins read
The Biden administration wants to completely ban the hidden fees that make your plane and concert tickets unexpectedly expensive
Along with a proposal to ban junk fees that "plague" consumers, the CFPB is also refunding $140 mil…
Ayelet Sheffey,Juliana Kaplan
2 mins read
Tackling student debt may have just gotten easier as 4 more advocates join Biden's ranks
The new hires came from the Consumer Financial Protection Bureau that Elizabeth Warren spearheaded …