All posts tagged consumer advocate


Most consumers misunderstand budgeting

A survey by the National Foundation for Credit Counseling (NFCC) revealed 57 percent of those who responded believe incorrectly that a budget is a restriction on how they choose to spend money.

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$70.1 million in counseling funds to help 193,000 families

NEIGHBORWORKS AMERICA - NeighborWorks America (NWA) today announced that $70.1 million has been awarded to 30 state housing finance agencies (HFAs), 17 HUD-approved housing counseling intermediaries, and 72


CFPB: Mortgage insurers to pay $15.4 million to end kickbacks

CONSUMER FINANCIAL PROTECTION BUREAU — The Consumer Financial Protection Bureau (CFPB) today announced four enforcement actions to end what the Bureau believes to be improper kickbacks paid by


Infographic: Tax refund a small windfall or a financial mistake?

A tax refund of nearly $3,000 can be cause to celebrate. That's the average refund taxpayers will get this year, according to the Infernal Revenue Service and that amount


California, U.S., 12 states sue S&P for using ‘magic numbers’ to inflate mortgage-backed securities’ ratings

CALIFORNIA OFFICE OF THE ATTORNEY GENERAL - Attorney General Kamala D. Harris on Feb. 5, filed a lawsuit against one of the nation’s major credit rating companies for

thumbsdown shuts down after realty trade associations investigate is no longer offering a recently launched online service, purportedly for consumers to file reviews and complaints about real estate agents. An investigation by real estate trade association


Small, hidden, legal fees take you the cleaners

If you thought so called "junk fees" or "garbage fees" that come with mortgage orginations are a pain in your wallet, wait until you get a load of


Federal consumer watchdog bares teeth at consumer reporting agencies

CONSUMER FINANCIAL PROTECTION BUREAU — The Consumer Financial Protection Bureau (CFPB) has just released a bulletin to nationwide specialty consumer reporting agencies underscoring their obligation under the law


Infographic: Black Friday, Cyber Monday ‘doorbusters’ for dupes

If you weren't such an impulsive shopper, lured by the "bargains" of Black Friday and Cyber Monday, you'd know you didn't have to wait entil year end to


CFPB delays pending series of mortgage disclosure rules

CONSUMER FINANCIAL PROTECTION BUREAU - The Consumer Financial Protection Bureau (CFPB) announced that it will give industry extra time to provide certain new disclosures required under the Dodd-Frank


CFPB, NHFA: ‘National Mortgage Database’ under construction

Federal agencies are building an unprecedented repository of home loan data to better track the industry and further develop consumer protections. The "National Mortgage Database," under construction by the


CFPB to financially empower stay-at-home partners

CONSUMER FINANCIAL PROTECTION BUREAU - At the Consumer Financial Protection Bureau (CFPB), our mission is to empower consumers and strengthen their financial independence. We want to make it


Civil penalties warning in federal report on ‘significant’ regulatory violations by mortgage lenders, credit card companies, other financial firms

Perhaps the financial services industry doesn't get it, doesn't want to get it, or just sees paying hundreds of millions of dollars in consumer restitutions and fines as


Federal first: CFPB now accepting credit report complaints

The federal Consumer Financial Protection Bureau (CFPB) now offers groundbreaking federal assistance for credit report complaints. The landmark move, instituted Oct. 22, offers the first-ever, individual-level, consumer credit report


Federal consumer watchdog’s bark deemed worst than its bite on proposed mortgage servicing rules

Dozens of consumer advocacy groups are complaining the nation's consumer watchdog doesn't have the teeth to take a bite out of abusive mortgage servicer behavior other regulators consider

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