Under grilling from Senate Democrats, Consumer Financial Protection Bureau Director-designate Jonathan McKernan agreed to ...
Thousands of complaints submitted by Americans to the Consumer Financial Protection Bureau alleging fraud or scams from ...
Elon Musk’s plans to add payment services to X, his social media platform, are looming large over the Trump administration’s push to dismantle the Consumer Financial Protection Bureau (CFPB), The ...
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NerdWallet on MSNR.I.P. CFPB? What’s At Stake If the Watchdog Agency Goes DarkAdvocates fear consumers could be left to fend for themselves in a complicated financial marketplace if the CFPB is ...
Turmoil at the agency could harm not only consumers but also small state-chartered banks, as their bigger rivals gain advantage from lax CFPB supervision, 23 state attorneys general say in court ...
Without The complaint continues: “Defendants’ failures resulted in millions of complaints about Zelle fraud at (JP Morgan Chase, Bank of America and Wells Fargo) alone, including complaints of ...
CFPB Interim Director Russell Vought said in ... argued in a Feb. 13 news release that “Republican leadership is siding with Wells Fargo and other big banks over working families hurt by abusive ...
With the CFPB’s “dormancy,” no federal regulator is conducting anti-consumer-fraud examinations on very large banks such as JPMorgan and Wells Fargo, a group of 23 state led by New York ...
Penalizing banks for creating fake accounts. Wells Fargo paid the CFPB a $100 million initial fine in 2016 for opening about 1.5 million deposit accounts without customers’ consent. These fake ...
Look at Wells Fargo, charged in 2016 with extensive fraud ... than $2 billion in interest payments on savings accounts.” The CFPB alleged that the bank promised that a certain type of account ...
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