Personal Finance Advice and Commentary

Friday, May 09, 2014 5:23 pm
By Allison Ross ·

The Financial Stability Oversight Council advises government policymakers on how to address potential threats to the financial sector.

Wednesday, July 03, 2013 1:30 pm
By Marcie Geffner ·

The CFPB sets out a rule to notify nonbanks of supervisory oversight once it determines they may be engaged in practices harmful to consumers.

Monday, February 27, 2012 3:29 pm
By Marcie Geffner ·

Consumers who are fed up with aggressive debt collection activities and error-ridden credit reports might be cheered to learn the federal government is set to supervise a number of so-called nonbank financial companies that offer such services. Specifically, the Consumer Financial Protection Bureau, or CFPB, has announced a proposed rule that would bring the biggest

Tags: CFPB, Debt, nonbank
Friday, July 01, 2011 12:25 pm
By Marcie Geffner ·

Government agencies expend a lot of time and money coming up with definitions. These exercises might seem silly until a seemingly obvious term like, say, “bank” gets caught up in some sort of enforcement, prosecution or civil action. Then, the official definition suddenly becomes a serious matter, indeed. A current example concerns the term “nonbank,”