Wells Fargo clears 10th consent order; 4 remain
The 2018 consent order issued by the OCC identified deficiencies in the bank’s enterprise-wide compliance risk management ...
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Wells Fargo's 2018 Compliance Consent Order by OCC Terminated
WFC's 2018 consent order imposed on the bank in April 2018 is terminated. This marks the 10th consent order, which has been ...
Funding Cuts at CFPB Seen Leading to ‘Regulatory Vacuum’ for Big Banks
Turmoil at the agency could harm not only consumers but also small state-chartered banks, as their bigger rivals gain ...
Nevada Current4h
States warn CFPB shutdown threatens financial consumer safeguards
Nearly two dozen states and the District of Columbia are asking a federal judge to issue an injunction blocking the Trump ...
American Banker4h
NY Attorney General joins coalition against CFPB shutdown
Letitia James and 22 other attorneys general have filed an amicus brief in a Maryland case challenging the dissolution of the ...
NerdWallet on MSN21m
R.I.P. CFPB? What’s At Stake If the Watchdog Agency Goes Dark
Stalled lawsuits. Halted supervision and oversight. Suspended workforce. The Consumer Financial Protection Bureau is in the ...
American Banker6d
Wells Fargo sheds fourth consent order in a month
Earlier this month, Wells Fargo cleared a pair of orders from the Fed that dated back to 2011 and related to deficiencies in its mortgage lending practices. In January, the bank was freed from a 2022 ...
The Daily Hodl1d
JPMorgan Chase Launching New Zelle Restrictions After Chase, Bank of America and Wells Fargo Customers Lose $456,000,000 To Scams in One Year
JPMorgan Chase is making major changes to the way its customers can use the payments service Zelle. Starting next month, the ...
Consumers don't need more hidden fees, tricky loans, or a repeat of the financial crisis
The Consumer Financial Protection Bureau has been a go-to financial agency for dealing with bad practices. Trump ...
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Utah companies are being sued by a federal watchdog being defunded
The shutdown could impact two lawsuits pending against Utah companies in federal court. The CFPB is suing Acima Holdings, LLC ...
Chase will soon block Zelle payments to sellers on social media
JPMorgan Chase Bank (Chase) will soon start blocking Zelle payments to social media contacts to combat a significant rise in ...
PCMag on MSN1d
Chase to Block Zelle Payments From Social Media Apps
"If you are sending a Zelle payment from your Chase account that is identified as originating from contact through social ...