U.S. Supreme Court to Hear Fight Over Consumer Watchdog Agency’s Funding February 27, 2023 The U.S. Supreme Court on Monday agreed to decide whether the Consumer Financial Protection Bureau’s funding structure established by Congress...
Wells Fargo to Pay $3.7B for Illegal Conduct That Harmed Customers December 21, 2022 By Chris Prentice and Hannah Lang The U.S. Consumer Financial Protection Bureau hit Wells Fargo & Co. with the watchdog’s largest ever civil penalty on Tuesday...
Proposed Settlement Bars Financing Firm From Victim Compensation Funds November 28, 2022 By Andrew G. Simpson The federal Consumer Financial Protection Bureau (CFPB) and the New York attorney general have resolved years-long claims of deceptive practices...
Wells Fargo Could Face New Regulatory Sanctions Over Pace of Restitution September 1, 2021 By Hannah Levitt Five years into scandals that have already cost Wells Fargo & Co. more than $5 billion in fines and legal...
U.S. Consumer Agency Weighs Update of Rules on Access to Personal Financial Data October 23, 2020 The U.S. Consumer Financial Protection Bureau (CFPB) on Thursday said it is seeking public comment on a proposal to modify...
Supreme Court to Hear Challenge to Consumer Protection Bureau’s Structure October 21, 2019 By Lawrence Hurley The U.S. Supreme Court on Friday agreed to hear a challenge backed by President Donald Trump’s administration to the structure...
U.S. Consumer Agency Says Financial Complaint Database to Remain Public September 19, 2019 By Katanga Johnson The top U.S. consumer watchdog will keep consumer complaints against financial firms public despite pressure from the companies, but the...
Equifax’s $700 Million Data Breach Settlement Includes $300 Million for Consumers July 22, 2019 By Pete Schroeder Credit-reporting company Equifax Inc. will pay up to $700 million to settle U.S. federal and state probes into a massive...
Supreme Court Won’t Hear Challenge to Federal Consumer Agency But Others on Way January 14, 2019 By Lawrence Hurley The U.S. Supreme Court on Monday turned away a Texas bank’s constitutional challenge to the structure of the U.S. Consumer...
New Consumer Financial Protection Bureau Chief Outlines Priorities December 13, 2018 By Katanga Johnson The new head of the U.S. consumer financial watchdog on Tuesday said she intended to continue some of the work...