Washington Examiner

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Washington Examiner

 •  November 2

In an epic, down to the wire vote last week Congressional Republicans narrowly overturned a regulation that would have enriched lawyers at the expense of consumers. But now lawmakers must intervene once again against another consumer-busting rule: the rule put forward by the Consumer Financial Protection Bureau against payday loans. Unlike the...

Washington Examiner

 •  October 11

Dreaming of an oceanfront condo in Southern California or a cabin escape on the slopes in Aspen? Or perhaps you're moving to a new town and are looking at apartments? No matter what type of place you're searching for, chances are you've used Zillow. Launched in 2006, the Seattle-based real estate giant is a free platform that provides consumers...

Washington Examiner

 •  October 5

The Consumer Financial Protection Bureau finalized a sweeping set of rules on payday and auto title loans Thursday, defying Republican opposition and setting up another test of the financial industry's clout in Congress. The agency, led by the Obama-appointed Director Richard Cordray, announced a final rule that dropped provisions affecting...

Washington Examiner

 •  October 4

When it comes to financial information, security is always a top concern. Data breaches – like the recent Equifax hack, which exposed sensitive data from more than 140 million Americans – have become daily news, driving consumers to worry about their privacy and financial safety. Now a government bureaucracy called the Consumer Financial Protection...

Washington Examiner

 •  October 4

A Greek court decided Wednesday to allow a Russian man accused of masterminding a multi-billion fraud involving bitcoin to be extradited to the U.S. Alexander Vinnik, the suspected money launderer, is wanted by the U.S. and Russia for various cyber crimes involving BTC-e, a digital currency exchange that used bitcoin. The Justice Department said he...

Washington Examiner

 •  September 26

A disconcerting 43 percent of adults have trouble making ends meet, according to a new survey released Tuesday by the Consumer Financial Protection Bureau. In the new survey, 43 percent of respondents said that they experience difficulty paying their monthly bills. More than one-third said that they experienced financial hardship within the past...

Washington Examiner

 •  September 19

House Republicans faulted the Consumer Financial Protection Bureau Tuesday for settling with Wells Fargo for $100 million when it could have sought $10 billion for the megabank's fake accounts scandal. Members of the House Financial Services Committee argued that the agency rushed to cut a deal to penalize Wells Fargo without proper investigation...

Washington Examiner

 •  September 19

The timing of the Consumer Financial Protection Bureau's new rule pushing class action lawsuits at the expense of consumer arbitration agreements is a bit ironic. Although Congress might still block him, CFPB Director Richard Cordray is trying with this rule to force consumers and their complaints into the class action lawsuit system at the very...

Washington Examiner

 •  September 19

Sens. Joe Donnelly, D-Ind., and Dean Heller, R-Nev., have asked credit monitoring service Equifax to explain how it is protecting the 1.3 million active-duty servicemembers affected by a massive data breach this year. The senators sent Equifax CEO Richard F. Smith a letter on Tuesday asking the company to share its plan to help members of the...

Washington Examiner

 •  September 13

Lord Acton once said that "power tends to corrupt…and absolute power corrupts absolutely." Nowhere is this truer today than at the Consumer Financial Protection Bureau. The CFPB is the quintessential example of what happens when accountability to Congress and the president is removed—when there are no checks and balances on the power of an...