CFPB

Wells Fargo CFO Blames Fake Account Openings On Underperformers
Wells Fargo CFO Blames Fake Account Openings On Underperformers
September 14, 2016  |  Banking

Wells Fargo may be facing the largest fine ever levied by the Consumer Financial Protection Bureau after it was revealed employees opened up thousands of...

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Wells Fargo’s Fraud Issues Don’t Seem To Have Been Present At Other Big Banks
Wells Fargo’s Fraud Issues Don’t Seem To Have Been Present At Other Big Banks
September 13, 2016  |  Regulation

As the fallout continues from last week’s revelations about Wells Fargo‘s “out-of-the-box” methods for upping consumer enrollment in their various products (which included signing consumers...

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Wells Fargo Offers Regrets, But Doesn’t Admit Misconduct
Wells Fargo Offers Regrets, But Doesn’t Admit Misconduct
September 12, 2016  |  Banking

In the wake of firing more than 5,300 employees and paying $185 million in fines to help settle an investigation into what some have called...

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The Wells Effect
The Wells Effect
September 12, 2016  |  Bank Regulation

Last week, the CFPB came down on Wells Fargo when it exposed its egregious business practices, all in the name of being focused on the...

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Finance Fundamentals For Digital Fledglings
Finance Fundamentals For Digital Fledglings
September 08, 2016  |  CFPB

If startup innovators and finance experts are struggling to keep ahead of the curve in the rapidly evolving digital and physical finance world, educators and...

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How Regulators Killed The Wells Fargo-Amazon Student Lending Venture
How Regulators Killed The Wells Fargo-Amazon Student Lending Venture
September 07, 2016  |  Regulation

It was one of the more notable pair-ups in recent memory — in part, because it was so short. Amazon and Wells Fargo announced in July...

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CFPB Says Bank Account Service Issues Top Consumer Gripes
CFPB Says Bank Account Service Issues Top Consumer Gripes
August 31, 2016  |  CFPB

The latest monthly complaint report from the Consumer Financial Protection Bureau, released on Aug. 30, shows that the top-of-mind complaints centered on banking, ranging from...

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CFPB Fines FNBO $32M Over ‘Illegal’ Credit Card Practices
CFPB Fines FNBO $32M Over ‘Illegal’ Credit Card Practices
August 26, 2016  |  CFPB

The CFPB will collect more than $32 million in fines from First National Bank of Omaha over credit card practices the regulator found to be...

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CFPB’s $100M Gift To The Plaintiff’s Bar (If Arbitration Goes Bye-Bye)
CFPB’s $100M Gift To The Plaintiff’s Bar (If Arbitration Goes Bye-Bye)
August 24, 2016  |  CFPB

The Consumer Financial Protection Bureau has quantified the impact of getting rid of the class-action waivers in consumer financial contracts, which prevent customers from filing...

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