The CFPB Work Freeze Is Putting Big Tech Regulations ‘On Ice’
The cease-work order at the Consumer Financial Protection Bureau won’t just affect lawsuits and enforcement actions. It will ...
The Spokesman-Review15d
CFPB halts work after Trump appoints Bessent as acting head
The missive appeared to herald a stark shift to come at the CFPB, which Congress formed in the wake of the 2008 banking crisis to protect consumers from unfair, deceptive or predatory financial ...
ConsumerAffairs16d
Trump names Treasury Secretary Bessent to run consumer watchdog CFPB
In an email, Bessent instructed the CFPB staff to stop working on enforcement actions and to suspend the effective dates for rules not yet in effect. That follows the ouster of Biden appointee ...
The Keene Sentinel16d
Bessent to temporarily lead CFPB after Chopra’s ouster
Treasury Secretary Scott Bessent is now the acting head of the U.S. Consumer Financial Protection Bureau, according to a person familiar with the matter, signaling a potential shift away from the ...
TechCrunch18d
CFPB fines fintech Wise, alleging it charged deceptive fees
The Consumer Financial Protection Bureau (CFPB) has hit U.K.-based remittance company Wise with about a $2 million fine for what it described as “a series of illegal actions.” Those actions ...
Hoodline20d
CFPB Report Finds U.S. Servicemembers Facing Higher Costs in Auto Lending Market
The Consumer Financial Protection Bureau (CFPB) has revealed concerning data on the auto lending market, particularly as it pertains to US servicemembers. A report published by the agency ...
Wall Street Journal21d
Wells Fargo Says CFPB Financial Harm Consent Order Has Closed
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 ...
Charlotte Observer21d
Wells Fargo federal consent order ends. It covered mortgage, other account ‘mismanagement’
“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 ...
Morningstar21d
Wells Fargo’s 2022 CFPB Consent Order Terminates
Wells Fargo & Company (NYSE: WFC) today announced that its 2022 consent order with the Consumer Financial Protection Bureau related to automobile lending, consumer deposit accounts, and mortgage ...
Forbes21d
Student Loan Borrowers May Get $2.25 Million In Compensation For Alleged Improper Collections
Adam Minsky is an attorney and writer focusing on student loans. UNITED STATES - JUNE 14: Rohit Chopra, director of the CFPB, testifies during the House Financial ... [+] Services Committee ...
Business Insider22d
Wells Fargo announces termination of 2022 CFPB consent order
Wells Fargo (WFC) announced that its 2022 consent order with the Consumer Financial Protection Bureau related to automobile lending, consumer deposit accounts, and mortgage lending has terminated ...