CFPB

U.S. Consumer Financial Protection Bureau

President Barack Obama signs an Executive Order to provide consumers with more tools to secure their financial future by assisting victims of identity theft, improving the Government’s payment security as a customer and a provider, and accelerating the transition to stronger security technologies and the development of next-generation payment security toolsPresident Barack Obama signs an Executive Order to provide consumers with more tools to secure their financial future by assisting victims of identity theft, improving the Government’s payment security as a customer and a provider, and accelerating the transition to stronger security technologies and the development of next-generation payment security tools, at the Consumer Financial Protection Bureau in Washington, D.C., Oct. 17, 2014. (Official White House Photo by Pete Souza)

The President’s BuySecure Initiative: Protecting Americans from Credit Card Fraud and Identity Theft

Friday, President Obama signed a new Executive Order — the first part of the new BuySecure initiative — that takes critical steps to protect consumers’ financial security and improve confidence in the marketplace.

FILE - In this Saturday, Aug. 6, 2011 file picture, students attend graduation ceremonies at the University of Alabama in Tuscaloosa, Ala. The number of borrowers defaulting on federal student loans has jumped sharply, the latest indication that rising college tuition costs, low graduation rates and poor job prospects are getting more and more students over their heads in debt. The national two-year cohort default rate rose to 8.8 percent in 2009, from 7 percent in fiscal 2008, according to figures released Monday, Sept. 12, 2011 by the Department of Education. | AP Photo/Butch Dill

CFPB To Oversee Nonbank Student Loan Servicers

The Consumer Financial Protection Bureau (CFPB) issued a rule today that allows the Bureau to supervise certain nonbank student loan servicers for the first time.