CFPB

Consumer Groups Call Auto Lending Repeal ‘Dangerous Precedent’
Consumer Groups Call Auto Lending Repeal ‘Dangerous Precedent’
April 17, 2018  |  CFPB

Consumer groups are speaking out against a Senate measure that would overturn the Consumer Financial Protection Bureau’s auto lending regulation. According to American Banker, the...

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Big Statements Edition: Verifone, The CFPB And Amex
Big Statements Edition: Verifone, The CFPB And Amex
April 16, 2018  |  Data Dive

In recent years, Tax Day has also become a time to make big statements on taxes. We won’t do that. Instead, we’ll remind you of some...

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Wells Fargo’s Earnings May Change With Potential $1B Penalty
Wells Fargo’s Earnings May Change With Potential $1B Penalty
April 13, 2018  |  Bank Regulation

As regulators seek to impose a $1 billion penalty on Wells Fargo over mortgage fees and car insurance, the bank said on Friday (April 13) that...

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Dodd-Frank, And Deregulation, Is In The House (Maybe)
Dodd-Frank, And Deregulation, Is In The House (Maybe)
April 11, 2018  |  Regulation Roundup

In regulatory land, spring has sprung, to borrow a seasonal phrase. Tax season lurches to its end, and thoughts turn to who spends what and...

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Mulvaney Pitches New CFPB Governance To Congress
Mulvaney Pitches New CFPB Governance To Congress
April 11, 2018  |  CFPB

In his first semiannual report to Congress, Mick Mulvaney said he is taking a narrow approach to running the Consumer Financial Protection Bureau (CFPB). Mulvaney,...

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Senate Banking Committee To Repeal CFPB’s Auto Lending Rules
Senate Banking Committee To Repeal CFPB’s Auto Lending Rules
April 11, 2018  |  CFPB

The U.S. Senate Banking Committee is planning to repeal the Consumer Financial Protection Bureau’s (CFPB) indirect auto lending and leveraged lending rules. The rules were...

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Wells Fargo Reviewing Aftermarket Auto Products To Get Ahead Of Any Issues
Wells Fargo Reviewing Aftermarket Auto Products To Get Ahead Of Any Issues
April 10, 2018  |  News

Wells Fargo is expanding the review of its auto products and the services it finances after customers purchase a vehicle at an auto dealership. The Wall...

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Wells Fargo Faces Record Fines From CFPB Over Auto Lending Scandal
Wells Fargo Faces Record Fines From CFPB Over Auto Lending Scandal
April 10, 2018  |  Bank Regulation

The Consumer Finance Protection Bureau is seeking to impose fines – for a record amount – on Wells Fargo tied to the banking giant’s practices...

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Mulvaney Uses CFPB Structure As Excuse To Not Answer Congress’ Questions
Mulvaney Uses CFPB Structure As Excuse To Not Answer Congress’ Questions
April 06, 2018  |  CFPB

Consumer Financial Protection Bureau acting director Mick Mulvaney is using the agency’s structure as an excuse to refuse to answer questions about his leadership. According...

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