Wells Fargo Clears a CFPB Consent Order. ‘Serious Issues’ Remain, Agency Says.
The Consumer Financial Protection Bureau closed a consent order, but notes that it continues to monitor Wells Fargo closely.
American Banker1h
Sen. Tim Scott hints at 'imminent' CFPB director pick
S.C., said the Trump administration will make an 'imminent' announcement about the future of the Consumer Financial Protection Bureau director very shortly that "we will be happy" with.
Rental households face growing financial struggles, CFPB reports indicate
Investing.com -- Today, the Consumer Financial Protection Bureau (CFPB) published two reports examining national rental payment data from September 2021 to November 2024. The reports highlight a ...
Venture Global given OK to introduce natgas at another LNG plant as output ramps up
Federal regulators on Tuesday gave Venture Global LNG permission to introduce natural gas into the seventh block of its ...
Wells Fargo's regulatory burden eases further as CFPB terminates 2022 punishment
Wells Fargo said on Tuesday a U.S. regulator has terminated a 2022 punishment, bringing it a step closer to having the $1.95 ...
KTNV Las Vegas2h
New rule removes medical debt from credit reports, offering relief to millions
A groundbreaking rule from the Consumer Financial Protection Bureau will eliminate medical debt from credit reports starting ...
Cash App (again) ordered to pay millions in refunds. How Indiana users can get back money
Here's what Cash App users in Indiana need to know to ensure they're compensated by the mobile banking platform after the latest settlement.
Winston-Salem Journal4h
Wells Fargo gains termination of seventh federal regulatory consent order
Wells Fargo & Co. said Tuesday the Consumer Financial Protection Bureau has terminated its 2022 consent order related to ...
Which student loan borrowers will be eligible in the $2.25 million compensation for improper collections?
The Consumer Financial Protection Bureau (CFPB) has proposed a $2.25 million compensation fund for student loan borrowers affected by improper debt collection practices. This propo ...
Wells Fargo clears one penalty, but its asset cap remains in place
While Wells Fargo has now cleared this consent order, a $1.95 trillion asset cap imposed on it in 2018 by the U.S. Federal Reserve continues to hang over the bank. The cap was in response to alleged ...
Wells Fargo Says CFPB Financial Harm Consent Order Has Closed
Wells Fargo said that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer ...
Wells Fargo federal consent order over ‘mismanagement’ of mortgage, other accounts ends
In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and ...