Consequences of the D.C. Circuit’s CFPB Smackdown

On its face, Tuesday’s federal appeals court decision curtailing the authority of the Consumer Financial Protection Bureau director was a blow to an agency that had become a jewel of the Dodd-Frank financial reform law. The U.S. Court of Appeals for the D.C....

Extended Loan Terms: Are They the New Norm?

Auto loans come in all shapes and sizes in order to accommodate the budgetary goals of members. In an effort to meet these needs, credit unions have found it necessary to provide extended loan options. A decade ago the average auto loan remained fixed at 60 months....

Navy Federal to Pay Back $23M to Members, $5.5M in Fines

The CFPB said Tuesday the $77 billion Navy Federal Credit Union will pay $23 million to members and a $5.5 million civil penalty for making false threats about debt collection to active-duty military service members, retired service members, and their families. The...

Where Clinton, Trump Invest Their Money

With the second debate now over, ThinkAdvisor looks at Hillary Clinton’s and Donald Trump’s portfolios, which reveal that their investment strategies are as divergent as their policy plans, according to financial disclosures filed with the Federal Election...

CFPB Is Unconstitutional, but Not Out of Business

A federal appeals court on Tuesday ruled that the organization of the CFPB is unconstitutional since it is operated by a single person, but the court said that the agency may continue to operate.  The bureau will operate as a federal agency whose director is...