The new leadership at the Consumer Financial Protection Bureau plans to fire nearly all of its 1,700 employees while “winding down” the agency, ...
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 ...
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 ...
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 ...
The 2018 consent order issued by the OCC identified deficiencies in the bank’s enterprise-wide compliance risk management ...
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 ...
Wells Fargo said Tuesday that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer deposit accounts and mortgage lending has closed. In 2022, the ...
"There's all sorts of fraud and abuse that targets people in our country," Chopra said, naming lawsuits it has filed against big banks like JPMorgan Chase, Bank of America and Wells Fargo. "Really, ...
In 2022, CFPB ordered Wells Fargo Bank to pay a $1.7 billion fine and more than $2 billion for repeated auto lending, mortgage and account deposit practices that harmed over 16 millions customers.
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