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January 1, 2018
The Consumer Financial Protection Bureau is a "rogue agency," unaccountable for its wide-ranging actions and must be overhauled, Rep. Jeb Hensarling, R-Texas, told CNBC on Thursday.
"We have set up, basically, a dictator," Hensarling told "Squawk on the Street."
"Now, so...
January 1, 2018
WASHINGTON — President Trump, in an impromptu interview on Thursday with The New York Times, rattled off at least 10 false or misleading claims about the Russia investigation, wars abroad, health care, immigration and trade. Here’s an assessment.
He inaccurately said th...
January 1, 2018
With the stroke of a pen, President Trump has begun the push to dismantle the sweeping Dodd-Frank reform of Wall Street.
Trump signed an executive order that sets the stage for rewriting U.S. financial regulation in an effort to encourage more lending to American busine...
January 1, 2018
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How one complaint can help millions
By submitting a complaint, consumers can be heard by financial companies, get help with their own issues, and help others avoid similar ones. Every complaint provides insight into problems that people are experiencing, helping us iden...
January 1, 2018
Dodd-Frank is squarely in President Trump's firing line.
Trump slammed the Wall Street reform law as a "disaster" on Monday and vowed to "do a big number" on it soon.
Dodd-Frank was enacted in 2010 as the Obama administration's response to the worst financial crisis sinc...
December 31, 2017
WASHINGTON, D.C. – U.S. Sen. Ted Cruz (R-Texas) and Rep. John Ratcliffe (R-Texas) introduced legislation to reverse unaccountable overreach at the Consumer Financial Protection Bureau (CFPB). The pair of bills (S. 370 and H.R. 1031) would help advance Republicans’ broa...
December 31, 2017
President Trump recently vowed to "do a big number" on Dodd-Frank. Janet Yellen doesn't believe that should happen.
Point by point, the Federal Reserve chief on Tuesday debunked the core arguments used by the White House to push for rolling back the 2010 Wall Stree...
December 31, 2017
Feel like you're getting ripped-off by your bank? Harassed by debt collectors?
Join the club.
For nearly two years, the Consumer Financial Protection Bureau has maintained a giant public database of consumer complaints that now contains more than 700,000 grievances again...
December 30, 2017
The next time you open a bank account or sign up for a credit card, make sure you read the fine print.
Lawmakers overturned a rule Tuesday night that would have prohibited companies from using arbitration clauses to prevent consumers from filing class action lawsuits.
Th...
December 30, 2017
A rule that allowed consumers to more easily sue banks and credit card companies is officially dead.
President Trump signed legislation on Wednesday afternoon repealing a provision issued by the Consumer Financial Protection Bureau in July.
The measure, which tackled man...