March 25, 2013
Associate Director of Consumer Education and Engagement, Consumer Financial Protection Bureau Gail Hillebrand serves as the Associate Director of the Consumer Education and Engagement Division of the Consumer Financial Protection Bureau. Within the Education and Engagement division are the Office of Financial Education, the Engagement Office, the Office of Service Member Affairs, the Office for the Financial Protection of Older Americans, the Office of Students which includes the Student Loan Ombudsman, and the Office of Financial Empowerment.
July 16, 2011 |
The Big Three credit bureaus — Experian, Equifax and TransUnion — keep records of loans for an estimated 200 million U.S. consumers. But there are lesser-known companies that track other pieces of your financial life. Collectively they are known as the fourth bureau. They can determine whether you qualify for credit and how much you pay for it. So it's important to understand how this data may be shaping your financial future. 1. The fourth bureau collects what the Big Three don't.
August 21, 2013 |
The Consumer Financial Protection Bureau said Wednesday that it has launched investigations at banks and other financial firms after finding many problems in the way they service residential mortgages. In the aftermath of the housing crash, the haphazard work of some mortgage servicers prevented thousands of struggling Americans from hanging on to their homes. Problems came to a head when regulators learned that banks were using forged and shoddy paperwork to rapidly foreclose on homeowners, a practice known as "robo-signing.
March 22, 2012 |
The new Consumer Financial Protection Bureau launched a new portion of its Web site on Thursday aimed at answering consumers' most common questions. The initiative, dubbed Ask CFPB , includes plain-spoken answers to more than 350 inquiries focused on credit cards and mortgages. The agency began accepting complaints on checking accounts, private student loans and auto loans this month, and staff members said they will add information about those products soon. "We believe that an informed consumer is the first line of defense against unfair practices," CFPB Director Richard Cordray said.
May 9, 2013
The front-page excerpt from Robert G. Kaiser's book on Congress ["The secret handshake that foiled the banking lobby," May 6] told how then-Rep. Barney Frank (D-Mass.) exploited divisions within the banking lobby to secure the passage of the Consumer Financial Protection Bureau as part of the Dodd-Frank Financial Reform Act. During the 1970s and '80s, I and other staffers on the Senate Banking Committee often used the phrase " Gresham's law of trade association politics. " It meant that the policy of any trade association tends to be driven by its most obtuse elements.
May 11, 2011 |
We the people — the people who don't have the money to hire lobbyists — need a strong Consumer Financial Protection Bureau . But if we the people don't take action, the watchdog agency, which hasn't had a chance to really fight for us, will be stripped of much of its power by a group of Republican legislators trying to weaken it. We must object. We must jump into this fight. Write, e-mail or call your congressional representatives and tell them to let the bureau be. Forty-four Republican senators, in a letter to President Obama, threatened to hold up the nomination of anyone selected to head the new consumer bureau, regardless of party affiliation, unless certain changes on how the agency is structured are made.
May 8, 2013 |
The Consumer Financial Protection Bureau on Wednesday issued a series of proposals to create more flexible repayment plans for the millions of Americans struggling with private student loans. Such loans, which are offered by banks and other financial firms, account for $150 billion of the $1 trillion in outstanding student loan debt, but they have come under increased scrutiny. They generally carry higher interest rates and fewer protections than federal loans, and borrowers are rarely afforded wiggle room when they can't afford minimum payments.
April 17, 2013 |
The regulatory, administrative state, which progressives champion, is generally a servant of the strong, for two reasons. It responds to financially powerful and politically sophisticated factions. And it encourages rent-seekers to exploit opportunities for concentrated benefits and dispersed costs (e.g., agriculture subsidies confer sums on large agribusinesses by imposing small costs on 316 million Americans). Such government inevitably means executive government and the derogation of the legislative branch, both of which produce exploding government debt.
September 17, 2013 |
The Democratic Party's romance with Wall Street may finally be breaking up. In the past 10 days, a diverse group of Democratic senators scuttled Larry Summers's candidacy for Federal Reserve chair and New York Democrats voted for the mayoral candidate whose campaign was an attack on Michael Bloomberg's care and feeding of the super-rich at the expense of the rest of the city. Former commerce secretary (and JP Morgan Chase executive) William Daley's surprise withdrawal from the Illinois Democratic gubernatorial primary is one more indication of Wall Street's diminished sway.
July 26, 2011 |
Raj Date, a top deputy to Elizabeth Warren at the Consumer Financial Protection Bureau, will take over day-to-day operations of the new watchdog agency when she departs at the end of this month, Treasury officials announced Tuesday. Warren has served since September overseeing the creation of the bureau, which officially opened its doors last week. She hired scores of staffers, met with bankers and lawmakers across the country, and defended the agency to a skeptical financial industry and Republicans on Capitol Hill.