Personal Finance Advice and Commentary

Wednesday, July 20, 2011 12:30 pm
By Marcie Geffner ·

Banks, meet the new “cop on the beat.” The federal Consumer Financial Protection Bureau (CFPB) has outlined its plan to supervise the nation’s large banks and other depository institutions. Elizabeth Warren, special adviser to the secretary of the Treasury on the CFPB, said in a statement that the consumer agency is “here to make sure

Monday, July 18, 2011 1:08 pm
By Marcie Geffner ·

President Barack Obama has nominated the first director of the new Consumer Financial Protection Bureau, or CFPB, created by the Dodd-Frank Wall Street Reform and Consumer Protection Act he signed into law last year. The nomination is important for banking customers, banks and nonbank financial institutions that soon will be subject to the bureau’s regulatory

Monday, October 11, 2010 9:30 am
By Marcie Geffner ·

The National Consumer Law Center, or NCLC, a nonprofit advocacy group, has set out an aggressive agenda for the federal government’s new Consumer Financial Protection Bureau. On the NCLC’s wish list are action items for mortgages, credit cards, overdraft fees, prepaid debit cards, debt collection and more. The items that would take direct hits at