And Equifax was ordered to pay $15 million in civil penalties. Penalizing banks for creating fake accounts. Wells Fargo paid the CFPB a $100 million initial fine in 2016 for opening about 1.5 million ...

Elon Musk’s plans to add payment services to X, his social media platform, are looming large over the Trump administration’s ...

Since its founding, the CFPB has returned more than $21 billion to consumers who were victims of fraud or scams.

The top U.S. consumer watchdog has terminated a 2022 order punishing Wells Fargo for allegedly mishandling auto loans and ...

In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and deposit accounts.

The San Francisco-based bank announced that another consent order with the Office of the Comptroller of the Currency has been ...

The executive appointments at the Consumer Financial Protection Bureau top the list of noteworthy moves by President Donald ...

The 2018 consent order issued by the OCC identified deficiencies in the bank’s enterprise-wide compliance risk management ...

In 2022, the CFPB said it spotted violations across some of Wells Fargo’s consumer product lines, leading to billions of dollars in financial harm. The agency alleged that the bank had ...

President Donald Trump chose a former FDIC board member to lead the CFPB, an indication that he may not want to dismantle the ...

“Wells Fargo is a repeat offender that continues to have serious issues,” the CFPB said in a statement to The Charlotte Observer. “While the duration of an individual CFPB order ...