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Wells Fargo Clears a CFPB Consent Order. ‘Serious Issues’ Remain, Agency Says.
The Consumer Financial Protection Bureau closed a consent order, but notes that it continues to monitor Wells Fargo closely.
Wells Fargo Says CFPB Financial Harm Consent Order Has Closed
Wells Fargo said Tuesday that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer deposit accounts and mortgage lending has closed.In 2022, the CFPB said it spotted violations across some of Wells Fargo’s consumer product lines,
Wells Fargo released from 2022 CFPB consent order
The order, the seventh terminated since 2019 for the bank, related to Wells’ auto lending, mortgage and consumer deposit account services.
Wells Fargo announces termination of 2022 CFPB consent order
Wells Fargo (WFC) announced that its 2022 consent order with the Consumer Financial Protection Bureau related to automobile lending, consumer
HousingWire
5h
Senate banking chairman says CFPB changes could come ‘soon’
Sen. Tim Scott said he has asked the White House to fire director Rohit Chopra, but there are roadblocks to appointing an ...
American Banker
4h
CFPB, Treasury union urge staffers to ignore Trump buyouts
The National Treasury Employees Union and the chief of staff at the Consumer Financial Protection Bureau told employees not to respond to the mass email asking federal workers to resign.
JD Supra
4h
The CFPB's 2021 Taskforce Report: A Playbook for the Future of Consumer Financial Law?
As political tides shift, so too does the regulatory outlook for consumer financial services. Among the key documents that could shape the ...
bankingdive
2d
Ousting the CFPB’s Chopra wasn’t a ‘day one’ priority
The Trump administration has issued dozens of executive orders, but change to banking regulations and agency leaders isn’t ...
2d
on MSN
Abolish the CFPB
This rogue agency stifles innovation, drives up costs, and infantilizes consumers—all while operating without accountability.
JD Supra
7h
CFPB, National Collegiate Student Loan Trusts resolve case that Supreme Court declined to consider
The CFPB and the National Collegiate Student Loan Trusts—a group of fifteen securitization trusts that acquire, pool, and securitize ...
1d
Wells Fargo's regulatory burden eases further as CFPB terminates 2022 punishment
The top U.S. consumer watchdog has terminated a 2022 order punishing Wells Fargo for allegedly mishandling auto loans and ...
6d
on MSN
CFPB head braces for a potential dismissal after Trump’s return
Chopra remains one of the more important regulators from the Biden administration who's still on the job as Trump cleans ...
CNET on MSN
5d
CashApp Customers Could Get a Refund for Fraud Protection Failures After CFPB Ruling
The CFPB ordered Block to update its business practices to comply with the law, pay between $75 and $120 million to users ...
3d
How to Submit a Complaint to the CFPB
The Consumer Financial Protection Bureau is a federal agency that protects consumers from predatory lenders and credit card ...
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Trump
Consumer Financial Protection Bureau
Wells Fargo
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Tim Scott
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