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
Citibank and its subsidiaries have been ordered to pay $700 million in consumer relief for illegal practices related to credit card add-on products and services. According to a consent order... Read more
The federal government has fined Regions Bank $7.5 million for breaking overdraft rules and failing to correct the violations for nearly a year after discovering them. Regions has refunded $... Read more
One would think the 2008 financial crisis and resulting recession would have caused financial institutions and other creditors to rein in risky and illegal lending practices. Indeed, Congres... Read more
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