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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New York joins lawsuit to block Consumer Financial Protection Bureau shutdown
New York, 21 other states, and Washington D.C. joined a lawsuit to keep the CFPB running, warning the shutdown exposes ...
syracuse.com3d
What’s at stake if Consumer Financial Protection Bureau goes dark
The Consumer Financial ... The bureau filed a lawsuit against Experian. And Equifax was ordered to pay $15 million in civil penalties. Penalizing banks for creating fake accounts. Wells Fargo ...
Nevada Current3d
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 ...
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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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 ...
WBEZ6d
What would dismantling the Consumer Financial Protection Bureau mean for Illinois?
Wells Fargo … those are all much larger than the $10 billion, and they really dominate the industry. Consumer financial protection is only enforced by the Consumer Financial Protection Bureau at ...
The Daily Hodl4d
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 ...
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Wells Fargo's 2018 Compliance Consent Order by OCC Terminated
Wells Fargo & Company’s WFC 2018 consent order related to its compliance risk management program was terminated by the Office ...
As Internal Fraud Grows, Banks Need More, Not Less, Regulation
Banks are not fans of heavy regulation. Few companies or individuals are. Paying attention to rules takes time, effort, and ...