The CFPB retains important regulatory authority that allows the agency to review individual arbitration clauses. Read more
The CFPB rule, released in July, would have barred companies from putting class action bans in their arbitration agreements. Read more
Wells Fargo has increased an estimated number of unauthorized checking, savings and credit card accounts that employees allegedly opened. Read more
The settlement is just the latest payout that Wells Fargo has had to make since its account generation scandal became public last year. Read more
Wells Fargo was worth an estimated $240 billion – a value that will be negatively impacted over the coming months. Read more
Wells Fargo and its leadership are also facing another type of lawsuit arising as of this illegal scheme, and it was brought on behalf of its shareholders. Read more
After that time, the CFPB is expected to issue its final rule. Read more
The company says that it will forgive loans to customers affected by the closures. Read more
The suit seeks monetary relief against All American and owner Michael Gray, injunctive relief and penalties, the CFPB said in a press release. Read more
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 authorizes the CFPB to limit arbitration in contracts for consumer financial products and services. Read more
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