CFPB

Wells Fargo Accused Of Closing Accounts Customers Needed
Wells Fargo Accused Of Closing Accounts Customers Needed
August 21, 2017  |  Bank Regulation

Wells Fargo, the embattled national bank, disclosed in a Securities and Exchange Commission (SEC) filing that the Consumer Financial Protection Bureau (CFPB), a government regulatory...

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Relief Is Coming To Cornithian Students, C/O A $183M CFPB Fine
Relief Is Coming To Cornithian Students, C/O A $183M CFPB Fine
August 18, 2017  |  CFPB

Debt relief is coming for about 41,000 Corinthian Colleges student borrowers who took out private loans to attend the for-profit university — to the tune...

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Overdraft Fees Cost US Consumers $15B In 2016
Overdraft Fees Cost US Consumers $15B In 2016
August 07, 2017  |  CFPB

Overdraft fees cost U.S. consumers $15 billion in 2016, according to news from the Consumer Financial Protection Bureau (CFPB), the government watchdog that is out...

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CFPB Orders JPMorgan Chase To Pay $4.6 Million Over Checking Accounts
CFPB Orders JPMorgan Chase To Pay $4.6 Million Over Checking Accounts
August 03, 2017  |  CFPB

The U.S. Consumer Financial Protection Bureau (CFPB) has ordered JPMorgan Chase to pay $4.6 million for allegedly failing to disclose accurate information in checking account...

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CFPB Rails Against Costly Pay-By-Phone Fees
CFPB Rails Against Costly Pay-By-Phone Fees
August 01, 2017  |  Security & Fraud

The Consumer Financial Protection Bureau warned companies  Monday (July 31) about  tricking consumers into expensive pay-by-phone fees. In a press release the government watchdog said...

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Trump Outside Advisor Wants CFPB’s Cordray Fired
Trump Outside Advisor Wants CFPB’s Cordray Fired
July 31, 2017  |  Bank Regulation

An outside advisor to President Donald J. Trump, Corey Lewandowski, said Sunday (July 30) that Consumer Financial Protection Bureau (CFPB) Director Richard Cordray should be...

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Trump’s Fed Nominee Points To Regulatory Revamp
Trump’s Fed Nominee Points To Regulatory Revamp
July 31, 2017  |  Regulation Roundup

Not all financial services regulation is occurring across the pond, though Brexit and other countries grabbed their share of headlines this past week for our...

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Bitcoin to Make India Inroads?
Bitcoin to Make India Inroads?
July 24, 2017  |  International

Bitcoin may be volatile, but as India goes cashless, the cryptocurrency might find its way into the arsenal of legal tender not tied to paper...

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The CFPB’s Consumer Complaint Database: The Next Battle Between Regulators And Legislators
The CFPB’s Consumer Complaint Database: The Next Battle Between Regulators And Legislators
July 24, 2017  |  CFPB

In an act that some are calling a governmental attempt to “mute a consumer megaphone,” the Trump administration is looking to make the complaints logged...

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