Wells Fargo federal consent order over ‘mismanagement’ of mortgage, other accounts ends
In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and ...
JD Supra23h
CFPB withdraws its proposed rule to ban nonsufficient fees
On January 14, the CFPB withdrew its proposed rule prohibiting financial institutions from charging nonsufficient funds (NSF) fees on ...
American Banker23h
Michigan credit union LAFCU slashes overdraft fees
The Michigan-based institution lowered overdraft and nonsufficient fund fees to 99 cents, amid a torrent regulatory ...
NerdWallet4d
CFPB Rule Would Help Medical Debtholders: Who Are They?
People in this impacted group could see their credit scores jump by 20 points, according to the CFPB. With this new ruling, the CFPB hopes to remove the economic barriers that medical debt creates ...
The Globe and Mail12d
How removing unpaid medical bills from credit reports could help consumers
according to the CFPB's announcement. How are advocates responding? Nonprofits in the healthcare space are pleased. “This decision is great news for everyday Americans," said Carrie Joy Grimes, ...
WTAE-TV14d
Capital One sued for cheating consumers out of interest rate payments
As a result, that decision cost consumers more than $2 billion in lost interest payments.“The CFPB is suing Capital One for cheating families out of billions of dollars on their savings accounts ...
Crowdfund Insider14d
CFPB Sues Capital One for Cheating Customers: What’s In Your Wallet?
which would be paid into the CFPB’s victims relief fund.” Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment ...
WAPT14d
Capital One sued for cheating consumers out of interest rate payments
As a result, that decision cost consumers more than $2 billion in lost interest payments.“The CFPB is suing Capital One for cheating families out of billions of dollars on their savings accounts,” ...