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 ...
NerdWallet on MSN2d
R.I.P. CFPB? What’s At Stake If the Watchdog Agency Goes Dark
Advocates fear consumers could be left to fend for themselves in a complicated financial marketplace if the CFPB is ...
American Banker5d
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 Current4d
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 ...
What’s at stake if Consumer Financial Protection Bureau goes dark
Stalled lawsuits. Halted supervision and oversight. Suspended workforce. The Consumer Financial Protection Bureau is in the ...
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 ...
Will Overdraft Fees Increase Under Trump? Here’s What 7 Banks Told Us
Donald Trump, Elon Musk and the GOP want to reduce the authority of the CFPB, the agency behind a 2024 rule limiting overdraft fees.
The Daily Hodl5d
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 ...
Consumers don't need more hidden fees, tricky loans, or a repeat of the financial crisis
The Consumer Financial Protection Bureau has been a go-to financial agency for dealing with bad practices. Trump ...
JPMorgan Chase launches new restrictions on Zelle after $870 million lost in scams at Chase, Bank of America and Wells Fargo
The controversial payment service Zelle has been used by fraudsters, leading to a massive lawsuit against the operator and ...