The Consumer Financial Protection Bureau has issued a new rule regarding the disclosure of ATM fees. ATM operators will be required to provide consumers with either an on-screen disclosure or a printout of applicable fees for using an ATM machine. These … Continue reading
The nomination of Richard Cordray to again head the Consumer Financial Protection Bureau was approved by the U.S. Senate Banking Committee by a 12-10 vote that was split down party lines. Every Democrat on the Committee approved Cordray, every Republican … Continue reading
Richard Cordray, the current director of the Consumer Financial Protection Bureau, will face the Senate Banking Committee on Tuesday, March 12, on his re-nomination to head the agency. Cordray was nominated by President Obama in January but his confirmation has … Continue reading
The re-nomination of Richard Cordray as Director of the Consumer Financial Protection Bureau remains a political hot button. Cordray can be confirmed by majority vote in the Senate, but a minority of 40 Senators can block an agreement to hold … Continue reading
N.J. Calls Off Credit Card Pitches to Students at Public Colleges Companies that issue credit cards can no longer market them to students at New Jersey public colleges under a law Gov. Christie signed Thursday. The new law prohibits public … Continue reading
Enforcement actions against credit card issuers and new mortgage guidelines instituted by the Consumer Financial Protection Bureau may now be in jeopardy. Last Friday, a three-judge panel of the U.S. Court of Appeals unanimously agreed with Republican lawmakers that the … Continue reading
With Cordray Nomination, Obama Renews Fight With GOP President Obama renominated Richard Cordray for head of the Consumer Financial Protection Bureau on Thursday. Cordray is currently serving in the post thanks to a recess appointment. A year and a half ago, … Continue reading
President Obama today re-nominated Richard Cordray as director of the Consumer Financial Protection Bureau. This will be Cordray's first permanent term. He was selected for the post as a recess appointment in January 2012, which did not require Senate confirmation. … Continue reading
President Obama last week signed a bipartisan bill that eliminates ATM operators having to post notices of transaction fees on the ATM screen and also on or near the machine. The bill overturns the provision in the Electronic Fund Transfer … Continue reading
The fiscal cliff is getting closer to becoming a reality. The members of Congress and President Obama still seem far apart. Statistics and projections show the painful consequences with tax increases for many consumers. Higher tax payments will be bad … Continue reading