Stalled lawsuits. Halted supervision and oversight. Suspended workforce. The Consumer Financial Protection Bureau is in the midst of a complete overhaul that could cripple its ability to act as the ...
Since its founding, the CFPB has returned more than $21 billion to consumers who were victims of fraud or scams.
The top U.S. consumer watchdog has terminated a 2022 order punishing Wells Fargo for allegedly mishandling auto loans and ...
Wells Fargo had also unfairly charged customers overdraft fees when sufficient funds were available, the CFPB said as part of its order in 2022. Wells Fargo said that the closed 2022 order marked ...
In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and deposit accounts.
The San Francisco-based bank announced that another consent order with the Office of the Comptroller of the Currency has been ...
The executive appointments at the Consumer Financial Protection Bureau top the list of noteworthy moves by President Donald ...
The 2018 consent order issued by the OCC identified deficiencies in the bank’s enterprise-wide compliance risk management ...
The cease-work order at the Consumer Financial Protection Bureau won’t just affect lawsuits and enforcement actions. It will ...
In 2022, the CFPB said it spotted violations across some of Wells Fargo’s consumer product lines, leading to billions of dollars in financial harm. The agency alleged that the bank had ...
“There’s all sorts of fraud and abuse that targets people in our country,” Chopra said, naming lawsuits it has filed against ...
“Wells Fargo is a repeat offender that continues to have serious issues,” the CFPB said in a statement to The Charlotte Observer. “While the duration of an individual CFPB order ...