Consumer Financial Protection Bureau | WGLT

Consumer Financial Protection Bureau

State Farm HQ building
Ralph Weisheit / WGLT

State Farm Bank has been ordered to change its practices after the Consumer Financial Protection Bureau found it violated federal law by improperly obtaining consumer credit reports and failing to quickly correct bad information it was supplying to credit reporting agencies.

Associated Press/Charles Rex Arbogast

McLean County residents facing home foreclosure will no longer be able to receive free help from a legal clinic sponsored by the University of Illinois.

Jacquelyn Martin / AP

U.S. Sen. Elizabeth Warren of Massachusetts helped establish the federal Consumer Financial Protection Bureau in the wake of the 2008 financial crisis. Its role has been to investigate complaints by citizens against banks, mortgage servicers, credit card companies and other large financial institutions. The CFPB gave consumers added clout to sue those companies.