wells fargo consumer financial protection bureau

Wells Fargo, consent order

Wells Fargo sheds fourth consent order in a month

The San Francisco-based bank announced that another consent order with the Office of the Comptroller of the Currency has been terminated. The six-year-old order was related to the bank's risk compliance management and certain loan practices.

Winston-Salem Journal · 1d

Wells Fargo gains termination of two more Federal Reserve consent orders

Wells Fargo & Co. has narrowed by three the number of outstanding consent orders with the Federal Reserve Board, but the $1.9 trillion total asset cap established in February 2018

Seeking Alpha on MSN · 1d

Wells Fargo confirms termination of 2018 OCC consent order

Wells Fargo (NYSE:WFC) confirmed on Thursday that the Office of the Comptroller of the Currency ended its 2018 consent order relating to the company's compliance risk management program. It's the 10th consent order closed by the bank's regulators since 2019.

Trump, Consumer Financial Protection Bureau

The New York Times · 13d

Trump Administration Fires Consumer Bureau Chief

Rohit Chopra, who led the Consumer Financial Protection Bureau, was known for his aggressive enforcement and expansion of consumer protection laws.

The Hill on MSN · 5h

Judge blocks Trump admin from firing CFPB employees

A federal judge on Friday blocked the Trump administration from firing employees at the Consumer Financial Protection Bureau (CFPB) amid a larger push to effectively dismantle the agency. The Trump administration is barred from firing CFPB employees without cause or issuing any reduction-in-force notice,

Scripps News on MSN · 7h

Organizations sue Trump administration to prevent closure of consumer watchdog agency

Organizations are suing the Trump administration to prevent closure of the Consumer Financial Protection Bureau.

The Republic3d

Trump shuts Consumer Financial Protection Bureau headquarters, halts agency’s activity

President Donald Trump’s administration has shuttered the headquarters of the Consumer Financial Protection Bureau (CFPB) and ...

2don MSN

How America's chief consumer-protection agency came into the Trump administration's crosshairs

While business groups have long lamented actions taken by the Consumer Financial Protection Bureau, Trump and his allies want ...

Wells Fargo CFO says five consent orders are remaining

A top Wells Fargo executive said on Tuesday that the bank has five consent orders remaining to resolve issues related to its ...

2don MSN

From credit cards to medical debt: What may happen to some key consumer protection rules under Trump

The Consumer Financial Protection Bureau, the so-called cop on the beat protecting Americans from financial abuse, is now ...

2don MSN

Democrats vow to fight shutdown of consumer watchdog agency

A group of 191 House and Senate Democrats sent a letter to Russell Vought, the newly installed director of the Office of ...

NBC Montana1d

'Monumental mistake': Missoula financial adviser warns against CFPB halt

The Trump administration stopped the work of the Consumer Financial Protection Bureau earlier this week, according to the Associated Press. The bureau awarded c ...

10don MSN

Two more Wells Fargo federal consent orders terminated. But growth cap remains for now

Just last week, a 2022 Consumer Financial Protection Bureau consent order was terminated. In that case, Wells Fargo was ordered to pay nearly $4 billion for “widespread mismanagement” of ...

American Banker10d

Wells Fargo freed from a pair of 13-year-old consent orders

The Federal Reserve Board lifted two enforcement actions against the megabank dating back to 2011. But the Fed's seven-year-old asset cap remains in effect.

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