The root of the CFPB’s ineffectiveness is that it believes regulation is the way to fix the banking industry’s problems. To be effective, it must innovate, not regulate.
Experian, one of the nation’s largest credit bureaus, was sued Tuesday by the Consumer Financial Protection Bureau for allegedly improperly handling consumer disputes, which could lead to lower ...
Navient swung to a profit in the fourth quarter as operating expenses fell. The financial-services company Wednesday reported net income of $24 million, or 22 cents a share, compared with a loss of ...
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