KOB 42d
The Latest: Consumer protection regulators get fill-in-the-blank firing memos
President Donald Trump made a rare appearance with Elon Musk, his most powerful adviser, in the Oval Office before signing an ...
TechCrunch14d
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 ...
The National Law Review15d
CFPB Orders Remittance Company to Pay $2.5 Million for Deceptive Practices and Inaccurate Disclosures
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 ...
bankingdive15d
Trump-era CFPB has full plate following Chopra’s flurry of activity
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 ...
news.bloomberglaw15d
Wise to Pay $2.5 Million in CFPB Remittance Fee Settlement
Wise violated the CFPB’s remittance and prepaid card rules, the agency said. At least 16,000 Wise customers were overcharged due ...
UPI16d
NASA finds 'key to life' in Bennu asteroid samples
Jan. 29 (UPI) --Rock and dust samples from the Bennu asteroid contain molecules that are the "key to life" on Earth, NASA officials announced on Wednesday. The samples were gathered by NASA's ...
CNBC17d
Credit card late fees cost Americans billions a year — now they're capped at $8
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 ...
Newsweek17d
Student Loan Borrowers Could Get $2.25 Million: Here's Who's Impacted
The proposed settlement, filed on January 16, would resolve a years-long legal battle initiated by the Consumer Financial Protection Bureau (CFPB). The judgment requires court approval and aims to ...
Morningstar17d
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 improperly ...
CNET21d
Cash App Customers Could Get a Refund for Fraud Protection Failures After CFPB Ruling
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 ...
Yahoo Finance24d
Will Trump kill the CFPB? The bureau’s future is unclear under the new administration
As the Trump administration prepared to take power in Washington, D.C., the Consumer Financial Protection Bureau (CFPB) wasted no time. In the two months leading up to the inauguration ...