Funding Cuts at CFPB Seen Leading to ‘Regulatory Vacuum’ for Big Banks
Turmoil at the agency could harm not only consumers but also small state-chartered banks, as their bigger rivals gain ...
NerdWallet on MSN33m
R.I.P. CFPB? What’s At Stake If the Watchdog Agency Goes Dark
Stalled lawsuits. Halted supervision and oversight. Suspended workforce. The Consumer Financial Protection Bureau is in the ...
American Banker1d
CFPB downfall has bankers questioning the agency's future
The executive appointments at the Consumer Financial Protection Bureau top the list of noteworthy moves by President Donald ...
Nevada Current4h
States warn CFPB shutdown threatens financial consumer safeguards
Nearly two dozen states and the District of Columbia are asking a federal judge to issue an injunction blocking the Trump ...
bankingdive2d
Wells Fargo clears 10th consent order; 4 remain
The 2018 consent order issued by the OCC identified deficiencies in the bank’s enterprise-wide compliance risk management ...
Capital Public Radio10d
The Trump administration has stopped work at the CFPB. Here's what the agency does
In December, the CFPB sued Bank of America, JPMorgan Chase and Wells Fargo for allegedly failing to protect customers from ...
American Banker4h
NY Attorney General joins coalition against CFPB shutdown
Letitia James and 22 other attorneys general have filed an amicus brief in a Maryland case challenging the dissolution of the ...
Zacks.com on MSN3d
Wells Fargo's 2018 Compliance Consent Order by OCC Terminated
WFC's 2018 consent order imposed on the bank in April 2018 is terminated. This marks the 10th consent order, which has been ...
The CFPB Work Freeze Is Putting Big Tech Regulations ‘On Ice’
The cease-work order at the Consumer Financial Protection Bureau won’t just affect lawsuits and enforcement actions. It will ...
The Daily Hodl1d
JPMorgan Chase Launching New Zelle Restrictions After Chase, Bank of America and Wells Fargo Customers Lose $456,000,000 To Scams in One Year
JPMorgan Chase is making major changes to the way its customers can use the payments service Zelle. Starting next month, the ...
WGBH9d
Two top CFPB officials resign after being ordered to stop all work
“There’s all sorts of fraud and abuse that targets people in our country,” Chopra said, naming lawsuits it has filed against ...
Kiplinger9d
Trump Wants to Shut Down the CFPB: Why Retirees Should Care
Wells Fargo: Ordered to return over $2 billion to harmed consumers and pay a $1.7 billion fine for violating laws in several product lines including auto loans and mortgages. The CFPB found Wells ...