Teaching students how to manage their money has become mandatory in many K-12 classrooms. But can it substitute for real enforcement of financial fraud?
CFPB
Posted inMoney, Politics, and Power
Can Democrats Stop McConnell and Trump’s Quiet Regulatory Takeover?
Republicans have stymied the filling of Democratic seats in independent agencies. There doesn’t appear to be any plan to confront this.
Posted inEconomic Policy
Thanks to Trump, Payday Lenders Will Keep on Merrily Bilking the Poor
The government shutdown reminded us that millions of Americans live paycheck-to-paycheck—which payday lenders will only continue to exploit if the CFPB has its way.
Posted inEconomic Policy
Under Trump, a New Golden Age for Payday Lending
A deregulatory push led by top-level Republicans could turn back the clock to the heyday of predatory lending.
Posted inMoney, Politics, and Power
Mick Mulvaney Leads the Race for Worst Cabinet Official
Mick Mulvaney has been busy—and for those who believe that the federal government can improve Americans’ lives, that’s not a good thing. Mulvaney, who is both President Trump’s Office of Management and Budget director and acting director of the Consumer Financial Protection Bureau, introduces himself to others as a right-wing nutjob. And as a South […]
Posted inWorking in America
Will Trump Kill the CFPB?
Created in response to the financial crisis, the Consumer Financial Protection Bureau has returned nearly $12 billion to consumers—which may be exactly why it’s now under threat.
Posted inEconomic Policy
CFPB Takes Aim at Payday Loan Debt Traps
For two decades, the payday loan industry has preyed on low-income workers by offering short-term loans with sky-high interest rates and fees. Now the five-year-old Consumer Financial Protection Bureau is taking the first major steps to curb the sector’s predatory practices. Under the proposed regulations announced this week, payday lenders must ensure that a borrower […]
Posted inMoney, Politics, and Power
The Endless and Ironic Attacks on the CFPB
The young agency is performing well despite remaining a target for industry and conservative hit jobs
Posted inMoney, Politics, and Power
CFPB Catches American Express Breaking the Law
American Express customers will receive $85 million in refunds for deceptive practices
Posted inMoney, Politics, and Power
Richard Shelby Can’t Make Up His Mind
The lead CFPB opponent wasn’t always against the idea of a single director.