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 ordered the watchdog agency to stop nearly all of its work. On Saturday, CFPB chief Russell Vought sent the directive to the agency’s staff,
A top Wells Fargo executive said on Tuesday that the bank has five consent orders remaining to resolve issues related to its ...
Powell says no agency is tasked with consumer protection other than the CFPB:: U.S. Senator Elizabeth Warren(D) Massachusetts ...
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 ...
Analysts say the termination of a 2022 consent order with the CFPB is a sign that the bank's days under an asset cap may be ...
Wells Fargo & Co. has narrowed by two the number of outstanding consent orders with the Federal Reserve Board, but the $1.9 ...
The Trump administration's rapid dismantling of the U.S. consumer protection watchdog will have broad implications for ...
U.S. bank Wells Fargo & Co. (WFC) has cleared an important regulatory hurdle in its efforts to have the $1.95 trillion asset ...
Both orders were issued in 2011 and address mortgage business issues. Wells has resolved nine consent orders since 2019, and ...
Wells Fargo has seen numerous regulators move to lift enforcement actions in recent months. Last month, the Consumer ...
Wells Fargo Inc. (NYSE: WFC) shares are trading higher Tuesday after the Federal Reserve Board terminated two longstanding ...
President Trump’s newly installed Consumer Financial Protection Bureau chief Russell Vought is closing the bureau’s ...
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