Headline News Archive

2019

April

18

• Could debt collectors send you texts, emails?. The Consumer Financial Protection Bureau will unveil debt collection rules in a few weeks, the agency’s director said potentially unleashing a battle over

• No-income, no-asset mortgages are back. NINA loans are loans that do not include a requirement for a borrower to prove income or assets. No Income, No Assets = NINA. And now,

• Same-sex couples face higher rejection and worse mortgage rates. Gay couples were 73 percent more likely to be denied a mortgage than heterosexual couples with the same financial worthiness, according to an analysis of national

16

• Mulvaney’s master class in destroying the government from within. The C.F.P.B. was created to protect Americans from predatory lenders after the financial crisis. President Trump’s new chief of staff

11

• With $13 billion in disaster relief stuck in gridlock, lawmakers head to recess. The fight between President Trump and Democrats over money for Puerto Rico has left a major disaster aid bill languishing on Capitol Hill, with lawmakers

10

• Bank of America to raise minimum wage to $20 an hour by 2021. Bank of America said Tuesday that it would raise its minimum wage to $20 an hour by 2021, a move that comes a day before banking industry

08

• Increase in risky corporate loans could lead to financial crisis. Actions by federal regulators and Republicans in Congress over the past two years have paved the way for banks and other financial companies to issue

04

• Need a boost to your credit rating? Try these new financial tools. FICO’s “Ultra” score credit raises scores by importing data from your checking, banking, savings and money-market accounts into your credit report

• Following Equifax hack attack, federal power to punish needed. The hack attack victim provided a short narrative in the CFPB complaint: “My life has been a complete nightmare, for I have been denied

• Bank of America to give borrowers up to $10,000 to close a home loan. Bank of America is committing $5 billion to help boost homeownership for “low- to moderate-income and multicultural homebuyers and communities” across the country. One

02

• Student loan debt still impacting Millennial homebuyers. Student loan debt, currently estimated at 1.56 trillion is still impacting Millennial homebuyers according to a recent report from Bankrate.com.

01

• Warren, Cummings look to crack down on credit bureaus. Warren (D-Mass.) and Rep. Elijah Cummings (D-Md.) have released a report from a government watchdog looking at the security practices of the consumer credit reporting

• How to choose a vacation rental. This is the time of year when vacation rental decisions are being made for the summer, so chances are you’re looking at properties

• Mortgage rates continue to nose-dive. Just a handful of months ago, mortgage rates were soaring. Now they are sinking. According to data released Thursday by Freddie Mac, the 3

March

29

• HUD accused Facebook of racial, color, religion discrimination in their advertisement sales (Chinese). 聯邦住宅與都市發展部(HUD)28日控告臉書住房歧視，讓房東和房地產經紀人能根據種族、膚色、宗教、家庭情況、性別、殘障和母國等各種因素，限制哪些人才能看到它們的房屋和公寓租售廣告

28

• Airbnb has a hidden-camera problem. Airbnb’s rules allow cameras outdoors and in living rooms and common areas, but never in bathrooms or anywhere guests plan to sleep, including

• Government watchdog calls for more CFPB, FTC authority over credit bureaus. Equifax may be expecting sanctions from both the Consumer Financial Protection Bureau and the Federal Trade Commission over the credit reporting agency

• HUD charges Facebook with housing discrimination. The U.S. Department of Housing and Urban Development said it is charging Facebook with housing discrimination, alleging its targeted advertising platform violates the Fair

26

• Trump se opone a dar más ayuda para desastres a Puerto Rico. La oposición del presidente Donald Trump a destinar más apoyo para la atención de desastres en Puerto Rico qued

25

• Ex-CFPB chief on Trump admin's consumer protection failures. Former Consumer Financial Protection Bureau Director Richard Cordray took a strong stance against the Trump Administration’s approach to financial regulation.

21

• Federal Reserve offers dim economic outlook. The Federal Reserve said that the United States economy was slowing more than it had previously thought and painted a far less rosy economic picture

20

• Facebook halts ad targeting cited in bias complaints. After years of criticism, Facebook announced on Tuesday that it would stop allowing advertisers in key categories to show their messages only to people of

• Calif opposes CFPB efforts to delay protections from payday lenders. California’s attorney general joined a coalition of two dozen other state attorneys general on Tuesday in opposing the Trump administration’s

• U.S. consumer bureau under fire in Congress. The Consumer Financial Protection Bureau’s track record of enforcement and consumer protection came under congressional scrutiny during an appearance last week by director

14

• Wells Fargo says its culture has changed. Some employees disagree. There is no evidence that Wells Fargo employees are secretly opening accounts in customers’ names or tricking them into buying unnecessary auto insurance, as