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WSJ

 •  October 5

The CFPB on Thursday finalized its rule regulating the pay-day market. These short-term loans are typically for less than $500 and carry fees of $15 per $100 borrowed. Many low-income Americans use them to pay for emergencies or bills that are due between paychecks. Payday lending has been regulated by the states, and 15 impose restrictions that in...

WSJ

 •  October 5

WASHINGTON—The government on Thursday moved to curtail lucrative payday-lending practices with a rule that brings the $38.5 billion industry under federal oversight for the first time. The rule from the Consumer Financial Protection Bureau requires payday lenders to assess whether borrowers can repay the loans and limits rollovers, where customers...

WSJ

 •  October 4

Here, answers and advice from credit and investing experts. Should consumers be concerned about freezing their credit at credit-reporting companies beyond Equifax, Experian PLC and TransUnion? There are more than 100 consumer-reporting companies that provide data on consumers, such as their bill paying or criminal history, to help decide...

WSJ

 •  September 29

WASHINGTON—A coalition representing financial companies sued the Consumer Financial Protection Bureau Friday, challenging a new rule making it easier for consumers to band together to sue over complaints about bank accounts, credit cards and payday loans. The groups—a range of finance trade groups and the U.S. Chamber of Commerce—are fighting a...

WSJ

 •  September 24

There are two things we can count on in the wake of the Equifax EFX 6.91% breach, already credited with exposing a majority of American adults to the possibility of identity theft. The first is that more and potentially worse breaches are in our future. The second is that companies will need to be prodded toward smarter cybersecurity practices and...

WSJ

 •  September 22

F. Paul Bland asserts (Letters, Sept. 12) that the Consumer Financial Protection Bureau rule is necessary to avoid “immunity” for Wells Fargo for creating fake accounts. Like most antiarbitration rhetoric, this is fiction. The CFPB’s antiarbitration rule isn’t even in effect, yet government authorities (not class-action lawyers) required Wells...

WSJ

 •  September 21

If you are still paying by check, you might be putting your life savings at risk. That’s the warning from Frank Abagnale Jr. Anyone who has seen the face of a check you write from your checking account or wealth-management account could draft on that account tomorrow, he says. His name might seem familiar. From 1965 to 1970, he ran a series of...

WSJ

 •  September 19

A consumer regulator calculated it could have pursued a $10 billion penalty against Wells Fargo WFC 1.23% & Co. over its sales practices scandal before settling on a much smaller fine, according to government documents released by House Republicans on Tuesday. A July 2016 memo written by Consumer Financial Protection Bureau lawyers also said the...

WSJ

 •  September 14

WASHINGTON—The government gave a boost Thursday to lenders that are using data such as employment and bill payment histories when vetting customers for loans and other credit products, saying it won’t try to stop the use of such data by an online lender. The Consumer Financial Protection Bureau said it told Upstart Network Inc., an online lender...

WSJ

 •  September 13

About 10 years ago, my wife and I froze our credit reports at the three major credit bureaus. We weren’t victims of identity theft. We just thought it was a good way to sidestep the untold hassle of having a bogus line of credit opened in our names. Since then, we have had years of peace of mind as well as the opportunity to explain to various...