Thousands of complaints submitted by Americans to the Consumer Financial Protection Bureau alleging fraud or scams from ...
Under grilling from Senate Democrats, Consumer Financial Protection Bureau Director-designate Jonathan McKernan agreed to ...
The San Francisco-based bank announced that another consent order with the Office of the Comptroller of the Currency has been ...
The order involved a $500 million civil penalty against the lender and required Wells Fargo to make restitution to affected ...
Elon Musk’s plans to add payment services to X, his social media platform, are looming large over the Trump administration’s push to dismantle the Consumer Financial Protection Bureau (CFPB), The ...
Advocates fear consumers could be left to fend for themselves in a complicated financial marketplace if the CFPB is ...
Turmoil at the agency could harm not only consumers but also small state-chartered banks, as their bigger rivals gain advantage from lax CFPB supervision, 23 state attorneys general say in court ...
Penalizing banks for creating fake accounts. Wells Fargo paid the CFPB a $100 million initial fine in 2016 for opening about 1.5 million deposit accounts without customers’ consent. These fake ...
CFPB Interim Director Russell Vought said in ... argued in a Feb. 13 news release that “Republican leadership is siding with Wells Fargo and other big banks over working families hurt by abusive ...
With the CFPB’s “dormancy,” no federal regulator is conducting anti-consumer-fraud examinations on very large banks such as JPMorgan and Wells Fargo, a group of 23 state led by New York ...