The Street fighter is meeting some Street justice. Rivals and longtime critics of JPMorgan Chase and its outspoken CEO, Jamie Dimon, appear to be exacting some revenge on the country’s No. 1 bank for past sins. Many of the hedge-fund counterparties on th...
BOSTON — Anyone running for anything shy of the marathon in Boston needs to know William “Touchie” McDonough, a low-key pub owner from the south side who stands sentry for much of local politics. Before he bought a 100-year-old bar on East Eighth Street ...
By Mary Kissel Consumer Financial Protection Bureau chief Richard Cordray responded to House Republicans' budget questions in writing last week, and what a revealing letter it was. Instead of addressing concerns about the bureau's spending and hiring spr...
By Maya Jackson Randall Financial companies in the $150 billion prepaid card market could face higher regulatory costs, while consumers could find it easier to recover stolen funds and sort out fees under new federal rules in the works.The Consumer Finan...
is out to disrupt the way Americans use credit cards. Barclays Bank Delaware started accepting applications from the general public in April, capping months of research and testing on a new "crowdsourced" credit card that allows online cardmembers an opp...
By Mary Kissel In the age of trillion-dollar annual deficits, the Consumer Financial Protection Bureau stands out as the only federal agency that sets its own budget, draws funds directly from the Federal Reserve system and has no effective Congressional...
This week the Consumer Financial Protection Bureau took aim at prepaid debit cards. Called general purpose reloadable cards (GPR for short), or more commonly prepaid debit cards, GPRs work very much like more traditional bank debit cards. But as the CFPB...
(Kevin Lamarque - Reuters) Richard Cordray, director of the Consumer Financial Protection Bureau , might have been at the center of the storm early this year when President Obama made his controversial recess appointment to head the newly created agency....
DURHAM -- The fledgling federal Consumer Financial Protection Bureau kicked off its plans to impose new regulations on prepaid debit cards with a hearing that featured complaints from consumer groups and a stiff-upper-lip defense from the industry. Consu...
Ed Murray/The Star-LedgerAn assortment of prepaid debit cards. The Consumer Financial Protection Bureau plans to propose rules around how cards such as these can be issued. The Consumer Financial Protection Bureau is seeking comment on what should be inc...
