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...
Wells Fargo Seeks to Limit Payout for Faulty Auto Insurance Plan November 26, 2018 By Patrick Rucker and Imani Moise Wells Fargo & Co. is fighting to shut some customers out of a sweeping plan to compensate around 600,000 drivers...
Santander Bank to Pay $11.8 Million to Settle Auto Loan, Insurance Claims November 21, 2018 By Patrick Rucker Santander Consumer USA Holdings Inc., a leading subprime auto lender, will pay $11.8 million to settle claims that it misled...
Trump Administration Forms Financial Frauds Task Force July 16, 2018 By Ben Bain and David McLaughlin In forming a new task force to protect consumers from fraud, the Trump administration made clear that one of the...
Federal Judge Rules Against Consumer Financial Bureau Structure June 22, 2018 By Brendan Pierson A federal judge in New York ruled on Thursday that the structure of the U.S. Consumer Financial Protection Bureau is...
Wells Fargo to Pay $1 Billion Fine for Mortgage, Insurance Sales Abuses April 23, 2018 By Patrick Rucker Wells Fargo & Co. will pay $1 billion to settle with U.S. regulators who say the bank wrongly layered insurance...