Wells Fargo CFO says five consent orders are remaining
A top Wells Fargo executive said on Tuesday that the bank has five consent orders remaining to resolve issues related to its ...
From credit cards to medical debt: What may happen to some key consumer protection rules under Trump
The Consumer Financial Protection Bureau, the so-called cop on the beat protecting Americans from financial abuse, is now ...
The Republic3d
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 ...
Democrats vow to fight shutdown of consumer watchdog agency
A group of 191 House and Senate Democrats sent a letter to Russell Vought, the newly installed director of the Office of ...
Two more Wells Fargo federal consent orders terminated. But growth cap remains for now
Just last week, a 2022 Consumer Financial Protection Bureau consent order was terminated. In that case, Wells Fargo was ordered to pay nearly $4 billion for “widespread mismanagement” of ...
US consumer watchdog broadens layoffs beyond probationary staff, sources say
A new category of employees at the U.S. Consumer Financial Protection Bureau received termination notices on Thursday, ...
NBC Montana1d
'Monumental mistake': Missoula financial adviser warns against CFPB halt
The Trump administration stopped the work of the Consumer Financial Protection Bureau earlier this week, according to the Associated Press. The bureau awarded c ...
American Banker10d
Wells Fargo freed from a pair of 13-year-old consent orders
The Federal Reserve Board lifted two enforcement actions against the megabank dating back to 2011. But the Fed's seven-year-old asset cap remains in effect.
Fed Ends Two Regulatory Punishments Imposed on Wells Fargo in 2011
Wells Fargo has seen numerous regulators move to lift enforcement actions in recent months. Last month, the Consumer ...