Wells Fargo Clears a CFPB Consent Order. ‘Serious Issues’ Remain, Agency Says.
The Consumer Financial Protection Bureau closed a consent order, but notes that it continues to monitor Wells Fargo closely.
Wells Fargo released from 2022 CFPB consent order
The order, the seventh terminated since 2019 for the bank, related to Wells’ auto lending, mortgage and consumer deposit account services.
Wells Fargo announces termination of 2022 CFPB consent order
Wells Fargo (WFC) announced that its 2022 consent order with the Consumer Financial Protection Bureau related to automobile lending, consumer
Wells Fargo Says CFPB Financial Harm Consent Order Has Closed
Wells Fargo said that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer deposit accounts and mortgage lending had closed.
Wells Fargo federal consent order over ‘mismanagement’ of mortgage, other accounts ends
In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and deposit accounts.
Wells Fargo gains termination of seventh federal regulatory consent order
Wells Fargo & Co. said Tuesday the Consumer Financial Protection Bureau has terminated its 2022 consent order related to automobile lending, consumer deposit accounts, and mortgage lending products and services.
JD Supra2h
CFPB, National Collegiate Student Loan Trusts resolve case that Supreme Court declined to consider
The CFPB and the National Collegiate Student Loan Trusts—a group of fifteen securitization trusts that acquire, pool, and securitize ...
Abolish the CFPB
This rogue agency stifles innovation, drives up costs, and infantilizes consumers—all while operating without accountability.
How to Submit a Complaint to the CFPB
The Consumer Financial Protection Bureau is a federal agency that protects consumers from predatory lenders and credit card ...
CFPB head braces for a potential dismissal after Trump’s return
Chopra remains one of the more important regulators from the Biden administration who's still on the job as Trump cleans ...
Wells Fargo's regulatory burden eases further as CFPB terminates 2022 punishment
The top U.S. consumer watchdog has terminated a 2022 order punishing Wells Fargo for allegedly mishandling auto loans and ...
JD Supra1h
CFPB requests information on data protection
On January 15, the CFPB published to the Federal Register a Request for Information (RFI) on the collection, use, sharing and protection of ...
bankingdive2d
Ousting the CFPB’s Chopra wasn’t a ‘day one’ priority
The Trump administration has issued dozens of executive orders, but change to banking regulations and agency leaders isn’t ...
CFPB Cancels Job Offers for Law School Grads Amid Trump Freeze
The Consumer Financial Protection Bureau rescinded 35 job offers, including for law school graduates looking to enter public ...
ConsumerAffairs7h
The Consumer Financial Protection Bureau reports renters are still struggling
Recent data show the average rent has gone down over the last few months but that doesn’t necessarily mean all renters are ...
American Banker3h
CFPB, Treasury union urge staffers to ignore Trump buyouts
The National Treasury Employees Union and the chief of staff at the Consumer Financial Protection Bureau told employees not to respond to the mass email asking federal workers to resign.