TD to Pay $28 Million for Sharing Inaccurate US Consumer Data September 13, 2024 By Christine Dobby Toronto-Dominion Bank will pay almost $28 million in fines and restitution after the Consumer Financial Protection Bureau said the lender...
Fifth Third Bank to Pay $5M Fine for Illegally Forcing Car Insurance Onto Borrowers July 11, 2024 Fifth Third Bank agreed this week to pay a $5 million fine for illegally forcing vehicle insurance onto borrowers who...
Despite Consumer Watchdog’s Supreme Court Win, CFPB Powers on Chopping Block May 20, 2024 By John Kruzel The U.S. Supreme Court’s decision safeguarding the Consumer Financial Protection Bureau—the nation’s consumer finance watchdog—earned plaudits from supporters of robust...
Judge Rules Against Consumer-Watchdog Anti-Discrimination Effort September 11, 2023 By Jody Godoy A federal judge has ruled that the U.S. Consumer Financial Protection Bureau (CFPB) does not have broad authority to tackle...
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...
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...