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Consumer agency urges standards for financial advisors to seniors
WASHINGTON — Older Americans can be confused by dozens of special designations for financial advisors for seniors, and government officials should set strict standards for training and conduct to prevent abuses, according to a new federal report....Tags: Personal Finance, Consumers, Financial and Business Services, U.S. Securities and Exchange Commission, Richard Cordray
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Agency wants more rules governing financial advisors for seniors
WASHINGTON -- Older Americans can be confused by dozens of special designations for financial advisors for seniors, and government officials should set strict standards for training and conduct to prevent abuses, according to a federal report released...
Tags: Personal Finance, Consumers, Financial and Business Services, U.S. Securities and Exchange Commission, Richard Cordray
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Housing legislation passes the General Assembly
The Baltimore SunIn 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....Tags: Brian E Frosh, Prince George's County, Real Estate, Montgomery County (Virginia), Politics
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Consumer protection week begins Monday
For the past 15 years, a coalition has worked to share tips and information about privacy protection, money and debt management and recognizing identity theft, frauds and scams. University of Maryland Extension — Washington County is joining the...Tags: Credit and Debt, National Government, Marketing, Politics, Federal Trade Commission
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Broader complaint data now available for loan, mortgage and banking disputes
Watchdog with Paul MuschickFederal authorities this week released data on more than 90,000 complaints filed about mortgages, student loans, other loans and banking issues. The data expand on a previously released database of credit card complaints. The Consumer Financial Protection... -
Consumer group wants new student-loan payment, refinance options
Borrowers with student loans from private lenders need more flexible repayment plans and should be able to refinance at lower rates once they establish a solid record of making payments, a key advocate told the Consumer Financial Protection Bureau....
Tags: Loans, Consumers, Money and Monetary Policy
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Regulators probing alleged mortgage insurance kickback scheme
WASHINGTON — Federal regulators are conducting an extensive investigation into an alleged mortgage insurance kickback scheme that pushed up costs for home buyers dating from the mid-1990s. The Consumer Financial Protection Bureau, in disclosing...
Tags: Bribery, Insurance, Guaranty Corporation, Richard Cordray, Real Estate
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Feds fine four mortgage insurers $15 million for alleged kickbacks
WASHINGTON -- Federal regulators hit four national private mortgage insurance companies Thursday with a combined $15.4 million in fines to settle allegations of making improper kickbacks to lenders to steer consumer business to them. The fines, which...
Tags: Bribery, Insurance, Richard Cordray, Guaranty Corporation, Fines
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Banks are not complying with mortgage settlement, survey finds
Banks aren't living up to pledges they made in last year's landmark government settlement of mortgage servicing and foreclosure abuses, according to an advocacy group's survey of California housing counselors and lawyers. The California Reinvestment...
Tags: National Government, Kamala D. Harris, JPMorgan Chase & Co., Bank of America Corp., Politics
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Report: Banks aren't complying with mortgage settlement terms
Banks aren’t living up to pledges they made as part of a $26-billion settlement of government investigations into mortgage servicing and foreclosure abuses, according to an advocacy group’s survey of California housing counselors and lawyers....Tags: National Government, Kamala D. Harris, JPMorgan Chase & Co., Bank of America Corp., Politics
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Political stalemate continues on Consumer Financial Protection Bureau
Watchdog with Paul MuschickThe Consumer Financial Protection Bureau has a director only because the president went around Congress and seated Richard Cordray through a recess appointment. Cordray, a former Ohio attorney general, was up for nomination again today, and the... -
Bank of America tops list of mortgage complaints by borrowers
Bank of America Corp., which handles customer service on about 15% of U.S. home loans, has accounted for 30% of the mortgage complaints logged by the Consumer Financial Protection Bureau, according to a new database made public by the federal watchdog....
Tags: U.S. Bancorp, JPMorgan Chase & Co., Bank of America Corp., Richard Cordray, Computing and Information Technology Industry
Apr 19, 2013
|Story| Los Angeles Times
Apr 18, 2013
|Story| Los Angeles Times
Apr 18, 2013
|Story| Baltimore Sun
Feb 28, 2013
|Column| Herald Mail
Mar 29, 2013
| Allentown Morning Call
Apr 5, 2013
|Story| Los Angeles Times
Apr 4, 2013
|Story| Los Angeles Times
Apr 4, 2013
|Story| Los Angeles Times
Apr 3, 2013
|Story| Los Angeles Times
Apr 3, 2013
|Story| Los Angeles Times
Mar 12, 2013
| Allentown Morning Call
Mar 28, 2013
|Story| Los Angeles Times
Original site for U.S. Consumer Financial Protection Bureau topic gallery.