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 •  December 12

It’s Christmas Eve, you still have gifts to buy and as the hours tick by, your options grow thin. Anything you order online won’t arrive in time. A gift card feels impersonal. You’re skeptical that something picked primarily because it was in stock at a retailer open late on a holiday will be a hit, and you don’t want to saddle the recipient, or...

latimes.com

 •  December 9

President Trump on Friday denied a report that the federal consumer financial watchdog might drop sanctions against Wells Fargo & Co. for alleged mortgage lending abuses, and said the bank could face even tougher penalties. Trump’s comments on Twitter appeared to be in response to a Reuters report that Mick Mulvaney — whom Trump installed last...

latimes.com

 •  December 6

If you have — or ever want to have — a bank account, credit card, debit card, car loan, student loan, home loan, payday loan, credit report or any other financial product of any type, or if you were harmed in any way by the 2008 financial crisis, then you have a personal stake in the success of the Consumer Financial Protection Bureau. At the...

latimes.com

 •  December 2

A bipartisan group of House lawmakers on Friday introduced legislation to repeal the first broad nationwide regulations on payday and other short-term loans, arguing the rules from the Consumer Financial Protection Bureau would effectively ban millions of Americans from accessing credit. The move is the latest in a Republican-led fight against the...

latimes.com

 •  November 27

latimes.com

 •  November 22

Uber is coming clean about its cover-up of a year-old hacking attack that stole personal information about more than 57 million of the beleaguered ride-hailing service's customers and drivers. So far, there's no evidence that the data taken has been misused, according to a Tuesday blog post by Uber's recently hired CEO, Dara Khosrowshahi. Part of...

latimes.com

 •  November 15

After this week naming a former drug industry executive to lead the Department of Health and Human Services, President Trump now will be able to appoint his own pick to run the Consumer Financial Protection Bureau. "They've been saying he's a disaster, and that his agency is a catastrophe, for years and years," said Lisa Donner, executive director...

latimes.com

 •  November 8

A Rhode Island man has pleaded guilty to federal charges for using stolen identities to purchase tens of thousands of dollars' worth of goods in Rhode Island and Massachusetts. The U.S. attorney's office in Rhode Island says 25-year-old Reynaldo Martinez, of Central Falls, pleaded guilty Wednesday to aggravated identity theft, bank fraud,...

latimes.com

 •  November 1

In a rare direct appeal to the White House, the director of the Consumer Financial Protection Bureau wrote a letter to President Trump this week, asking him to let stand a rule that makes it easier for consumers to file class-action lawsuits against financial firms. Congress narrowly passed legislation that would spike the rule, and now the bill...

latimes.com

 •  October 25

Proving that we do indeed live in interesting times, the chairman of the powerful House Financial Services Committee has thanked the Trump administration for exposing people to greater risk from student loans. I’m not making this up. The committee’s Republican chairman, Rep. Jeb Hensarling of Texas, sent a letter to Education Secretary Betsy DeVos...