In response, Capital One said that it strongly disagreed with the CFPB's allegations and plans to “vigorously defend” itself in court. The banking giant added that it was “deeply ...

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 ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins Some states have laws and ethical rules regarding solicitation and ...

On January 13, the Consumer Finance Protection Bureau (CFPB) published a new proposed rule attempting to ban certain contractual provisions in "take it or leave it" consumer contracts that purport ...

Since Oct. 1, the CFPB has issued six proposed rules and four final rules, and filed or issued no fewer than 20 lawsuits and enforcement actions, according to Crane. “That’s just a lot of activity in ...

Cruz this week introduced the “Defund the CFPB Act,” which seeks to “zero out transfer payments from the Federal Reserve to the [CFPB],” according to the announcement. Rather than drawing ...

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 ...

On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule limiting the penalty for late payment to $8 per incident, down from an industry average of $32. It is expected to ...

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 improperly ...

The CFPB ordered Block to update its business practices to comply with the law, pay between $75 and $120 million to users whose unauthorized transfers weren't investigated and send a $55 million ...

Trump Team Debates Bank Watchdogs as Chopra Remains at CFPB Trump team struggling to pick replacements for CFPB, OCC heads Biden appointees Chopra, Hsu continue to serve in their roles ...

The Dodd-Frank Act gives the CFPB director a five-year term, which ends in October 2026, though he can be removed by the President at any time. Our sources say he’s sought to ingratiate himself ...