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 ...
Thousands of complaints submitted by Americans to the Consumer Financial Protection Bureau alleging fraud or scams from ...
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 ...
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R.I.P. CFPB? What’s At Stake If the Watchdog Agency Goes DarkAdvocates fear consumers could be left to fend for themselves in a complicated financial marketplace if the CFPB is ...
Wells Fargo & Company’s WFC 2018 consent order ... In January 2024, the bank was freed from a 2022 consent order with the CFPB.
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 ...
JPMorgan Chase is making major changes to the way its customers can use the payments service Zelle. Starting next month, the ...
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 ...
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