A top Wells Fargo executive said on Tuesday that the bank has five consent orders remaining to resolve issues related to its ...
President Donald Trump’s administration has shuttered the headquarters of the Consumer Financial Protection Bureau (CFPB) and ...
Trump fired Rohit Chopra, the agency's director and a Biden appointee, over the weekend and installed Scott Bessent, a ...
The Trump administration's rapid dismantling of the U.S. consumer protection watchdog will have broad implications for ...
The Consumer Financial Protection Bureau saved consumers money but enraged businesses. Now Trump has moved to kill it.
It's the main U.S. agency tasked with overseeing the financial products and services used by everyday Americans. The CFPB's ...
Rohit Chopra, who led the Consumer Financial Protection Bureau, was known for his aggressive enforcement and expansion of ...
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 its ...
The Trump administration's idling of the Consumer Financial Protection Bureau (CFPB) left in limbo significant cases the ...
Wells Fargo & Co. has narrowed by two the number of outstanding consent orders with the Federal Reserve Board, but the $1.9 ...
In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and deposit accounts.
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.