CFPB Drops Suit Against US Banks Over Alleged Fraud on Zelle March 5, 2025 By Paige Smith The Consumer Financial Protection Bureau dismissed another Biden-era lawsuit, this one targeting some of the world’s largest banks for allegedly...
CFPB Drops Lawsuits Against Capital One, Rocket Unit February 28, 2025 By Paige Smith The Consumer Financial Protection Bureau dropped a slew of Biden-era lawsuits against lenders as the nominee to lead the agency...
CFPB Disarray Puts Future Fintech, Bank Oversight Into Question February 10, 2025 By Paige Smith Less than two months ago, the Consumer Financial Protection Bureau was pumping out lawsuits against some of the world’s biggest...
Bessent to Be Acting CFPB Head, Pauses Rules and Litigation February 4, 2025 By Saleha Mohsin and Paige Smith Treasury Secretary Scott Bessent is now the acting head of the US Consumer Financial Protection Bureau, signaling a potential shift...
Trump Fires Biden’s Consumer Protection Watchdog Rohit Chopra February 3, 2025 By Paige Smith and Katanga Johnson Rohit Chopra, the director of the Consumer Financial Protection Bureau under President Joe Biden, was fired by the Trump administration,...
CFPB Sues Walmart, Fintech for Illegally Opening Accounts December 23, 2024 By Paige Smith Walmart Inc. and one of its financial technology partners allegedly opened expensive bank accounts for delivery drivers of the world’s...
Mastercard Agrees to Buy Cyber-Defense Firm for $2.65 Billion September 12, 2024 By Paige Smith Mastercard Inc. agreed to buy cyber-defense firm Recorded Future for $2.65 billion to boost its ability to protect the card...
Home Insurance at $10,000 a Year Shows California Buyers’ Pain June 24, 2024 By Nadia Lopez and Paige Smith California’s lofty home prices and scarce inventory already amounted to one of the most nightmarish housing markets in the US....
Citi Suit Raises #MeToo Claims at Wall Street’s Top Levels December 21, 2023 By Paige Smith Ardith Lindsey’s lawsuit accusing Citigroup Inc. of tolerating years of sexual harassment and assault against her struck a chord across...
Citizens Financial to Pay $9 Million to Settle Consumer-Protection Lawsuit May 25, 2023 By Paige Smith Citizens Financial Group Inc. will pay $9 million and take other remedial measures to settle US Consumer Financial Protection Bureau...