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What's at stake in DOGE's CFPB shutdown
The DOGE effort to effectively shut down the Consumer Financial Protection Bureau gets conservatives as close they've ever ...
Two more Wells Fargo federal consent orders terminated. But growth cap remains for now
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 ...
Benefits Pro9d
SEC fines Wells Fargo $35M, Merrill Lynch $25M for ‘cash sweep’ violations
Both brokerage firms moved a customer’s uninvested cash from a brokerage account into an interest-bearing account, violating ...
WUFT3d
Two top CFPB officials resign after being ordered to stop all work
The directors of supervision and enforcement at the Consumer Financial Protection Bureau stepped down, citing the stop work ...
Wells Fargo Says Fed Closes Two Longstanding Enforcement Actions Against It
The closures have no impact on the Fed's 2018 consent order that required the bank to overhaul its governance and risk management processes and imposed a $2 trillion asset cap on the bank. Wells Fargo ...
Trump has subdued the Consumer Financial Protection Bureau. So what does this agency do?
President Trump and other critics of the agency say it needs to be shut down. Supporters of the agency point to its record of protecting consumers.
The Republic4d
Trump shuts Consumer Financial Protection Bureau headquarters, halts agency’s activity
President Donald Trump’s administration has shuttered the headquarters of the Consumer Financial Protection Bureau (CFPB) and ...