Face-Off: Elizabeth Warren Vs. Trump's Consumer Watchdog, Mick Mulvaney
An epic throw-down happened Thursday on Capitol Hill over the role of the federal government. The topic: the Consumer Financial Protection Bureau, the agency created in the wake of the 2007-08...
View ArticleCFPB Chief Mick Mulvaney Wants To Shut Public Access To Consumer Complaints...
Copyright 2018 NPR. To see more, visit ARI SHAPIRO, HOST: The Trump administration's top consumer protection official says he may shut down public access to a popular government database that Americans...
View ArticleThe Consumer Complaints Database That Could Disappear From View
When a consumer has a complaint about a bank, whether it's dealing with a mortgage or a credit card, right now there's a place to lodge that complaint online. It's easy to click around and search for...
View ArticleElizabeth Warren To Consumer Chief: 'You Owe The Public Straight Answers'
Sen. Elizabeth Warren sent a letter to the Trump administration's top consumer protection official late Thursday asking him whether he is doing the bidding of the industries he is supposed to be...
View ArticleEducation Department Launches 'Top-To-Bottom' Review Of Teachers' Grant Program
Updated at 1:05 p.m. ET It's a financial nightmare for public school teachers across the country: Federal grants they received to work in low-income schools were converted to thousands of dollars in...
View ArticleCongress Rolls Back Part Of Dodd-Frank, Easing Rules For Midsize, Smaller Banks
Updated at 5:44 p.m. ET The House voted Tuesday to ease rules for midsize and regional banks in what is considered the largest undoing to date of banking rules put in place in the wake of the financial...
View ArticleTrump Administration Considers Steep Tariffs Against Foreign Automakers
Copyright 2018 NPR. To see more, visit ARI SHAPIRO, HOST: President Trump has been playing high-stakes poker on trade so far without any major victories. And just as things seemed to be cooling off in...
View ArticleUnemployment Rate Drops To 3.8 Percent, Lowest Since 2000
Updated at 10:26 a.m. ET As the country has clawed its way back from the worst recession in generations, companies have been creating plenty of jobs. Employers added another 223,000 positions last...
View ArticleU.S. Jobless Rate Drops To 3.8 Percent
Copyright 2018 NPR. To see more, visit RACHEL MARTIN, HOST: The monthly jobs report is out, it shows that the pace of hiring picked up as April moved into May. Employers added 223,000 jobs last month....
View ArticleMick Mulvaney Effectively Fires CFPB Advisory Council
The Consumer Financial Protection Bureau continues to come under fire by the man running the watchdog agency — Mick Mulvaney, the interim director appointed by President Trump. In his latest action,...
View ArticleMulvaney Further Scales Back CFPB Role As An Aggressive Watchdog
Copyright 2018 NPR. To see more, visit STEVE INSKEEP, HOST: President Trump's chosen leader of the Consumer Financial Protection Bureau has dismayed advocates of consumers. Mick Mulvaney leads the...
View ArticleFormer Banker, Now Regulator, Wants To Allow Banks To Make Payday-Style Loans
A powerful banking regulator appointed by President Trump could face tough questions in a Senate hearing Thursday about his efforts to allow big banks to make small, high-interest, short-term loans to...
View ArticleIs The U.S. Headed For Recession?
The economic tea leaves right now are getting hard to read. The latest measure of economic growth showed the economy expanded at a lackluster 2 percent rate in the first quarter. Estimates for...
View ArticleDemocratic Senators Slam Trump's Pick To Run Consumer Financial Protection...
Democrats on the powerful Senate Banking Committee said Kathy Kraninger is not qualified to be the director of the Consumer Financial Protection Bureau, the agency the White House has nominated her to...
View ArticleTariffs Are Having A Chilling Effect On More U.S. Businesses
To see what a trade fight can do to exports, all you need to do is look at pork. American ham and other pork products now face massive tariffs — between 62 and 70 percent – after two rounds of...
View ArticleU.S. Economy Surges To A 4.1 Percent Growth Pace In 2nd Quarter
Updated at 10:07 a.m. ET The U.S. economy had a blockbuster second quarter, with growth surging to a 4.1 percent pace, the Commerce Department said Friday. That was nearly double the first quarter rate...
View ArticleSaying Economy Is Strong, Fed Keeps Interest Rates Unchanged For Now
The Federal Reserve on Wednesday held off on raising its key interest rate, which plays a role in loans to consumers and businesses. The Fed is sticking to the script it has been forecasting to...
View ArticleWhite House Takes Aim At Financial Protections For Military
The Trump administration is taking aim at a law designed to protect military service members from getting cheated by shady lending practices. NPR has obtained documents that show the White House is...
View Article49 Senators Want To Keep Protections Of Military Lending Act In Place
Copyright 2018 NPR. To see more, visit DAVID GREENE, HOST: The Trump administration is taking aim at a law designed to protect military service members from getting cheated by shady financial...
View ArticleWalmart And Others Offer Workers Payday Loan Alternative
Even in a strong economy, many Americans live paycheck to paycheck. Forty percent don't have $400 to cover an emergency expense, such as a car repair. And many working-class people turn to payday loans...
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