U.S. Consumer Financial Protection Bureau

CFPB revises CARD Act rules, making it easier for stay-at-home mates to get credit

2013-04-30 10:49:00

The Consumer Financial Protection Bureau has revised rules on the 2009 CARD Act, paving the way for non-working spouses and partners to qualify for credit cards. The Credit Card Accountability Responsibility and Disclosure Act was designed to rein in...

Housing legislation passes the General Assembly

2013-04-18 08:41:00

In addition to an extension of the Homestead Tax Credit application deadline, several other pieces of legislation relevant to homeowners passed both chambers of the General Assembly during the most recent session, which ended earlier this month. Gov....

Five questions with … Ari Karen

2013-01-05 00:00:00

The 25-year-old Baltimore-based law firm Offit Kurman recently formed a pioneering mortgage compliance affiliate, C3 Compliance Consultants, to help lenders across the United States conform with regulations launched this year by the federal Consumer...

Consumer advocates stress discrimination concerns despite new mortgage rule

2013-01-10 14:46:09

Consumer advocates welcomed a federal effort aiming to prevent predatory mortgage lending at a town hall in Baltimore on Thursday, but expressed worries that new rules would not halt discrimination. The Consumer Financial Protection Bureau unveiled a...

Consumer agency director coming to Baltimore to announce new mortgage rule

2013-01-10 00:00:00

Richard Cordray, the director of the Consumer Financial Protection Bureau, is expected to announce the issuance of a pioneering federal rule Thursday that is intended to help prevent a repeat of the risky mortgage lending that led to the recent housing...

CFPB coming to Baltimore to talk mortgage policy

2013-01-07 06:52:00

The Consumer Financial Protection Bureau will hold a hearing in Baltimore on Thursday, Jan. 10, to talk about mortgage policy. This will be the first field hearing by the agency in Baltimore. It’s open to the public. Consumers can get a chance...

CFPB: Consumers entitled to free reports from wide range of specialty reporting companies

2012-12-03 04:00:00

Many consumers are aware that the big three credit reporting agencies — TransUnion, Experian and Equifax — maintain credit files on us and that we are entitled to a free copy of our report annually. But what’s less known is that...

University of Maryland pledges to make financial aid transparent

2012-06-05 07:05:00

University of Maryland system is among 10 colleges and universities promising to make financial aid transparent to students. It’s part of an Obama Administration effort to make sure incoming students understand what they’re getting into. The...

American Express ordered to refund $85M to consumers

2012-10-01 16:54:22

The Consumer Financial Protection Bureau announced Monday that it had ordered three subsidiaries of American Express to refund about $85 million to roughly a quarter-million consumers for violating consumer protection laws. In addition, several federal...

CFPB proposes making it easier for unemployed spouses and partners to get credit cards

2012-10-18 04:00:00

The Consumer Financial Protection Bureau is proposing a change to the Credit Card Accountability Responsibility and Disclosure Act so that stay-at-home spouses and partners can get a credit card. The 2009 requires banks to determine whether�applicants...

CFPB: Private student loans share problems plaguing mortgage service industry

2012-10-16 04:00:00

Thousands of consumers have complained to the Consumer Financial Protection Bureau about loan servicing and loan modification problems. Gripes include mistakes by servicers in applying payments, trouble fixing errors, an overabundance of paper work and...

Maryland investment firms haven't abandoned Democrats

2012-10-14 00:00:00

Wall Street might have turned its back on Democrats this election, but that's not the case among Maryland investment firms. The vast majority of contributions to candidates by T. Rowe Price employees went to Democrats. And Democrats were the...

Richard Cordray, director of the Consumer Financial Protection Bureau.

2013-04-04 10:40:00

Richard Cordray, nominee for director of the Consumer Financial Protection Bureau, and Mary Jo White, nominee for chair of the Securities and Exchange Commission, are sworn in prior to testifying at a confirmation hearing before the Senate Committee on Banking, Housing and Urban Affairs last week.

2013-03-19 06:43:09

Mayor Rahm Emanuel announces new reforms to protect Chicago families from financial fraud as Consumer Financial Protection Bureau (CFPB) Director Richard Cordray looks on at the Department of Business Affairs and Consumer Protection Hearing Room located inside of City Hall in Chicago on Wednesday,

2013-01-10 19:34:00