And Equifax was ordered to pay $15 million in civil penalties. Penalizing banks for creating fake accounts. Wells Fargo paid the CFPB a $100 million initial fine in 2016 for opening about 1.5 ...
The Consumer Financial Protection Bureau, the independent federal agency created after the 2008 financial crisis, has been ...
Two employees of the Consumer Financial Protection Bureau (CFPB) testified Tuesday that top officials’ plans to fire hundreds of workers remain intact, as a federal judge weighs whether to ...
CFPB employees at that time “closed our laptop lids and walked away,” Pfaff said. When they returned, they found a backlog that Pfaff said would take weeks, if not months, to work through ...
Among them are Mark McArdle, an assistant CFPB director who led the mortgage markets team for seven years, and David Bleicken, the operations chief of supervision who spent nearly 14 years at the ...
During a lengthy court hearing on Monday, CFPB's Chief Operating Officer Adam Martinez gave a full sworn account of the chaos and confusion that has consumed the federal agency that was set up to ...
Despite voluntary steps taken by credit bureaus Equifax, TransUnion, and Experian to remove some medical collection debts since 2022, the CFPB found that as of 2024, 15 million Americans still had ...
NEW YORK, March 10 (Reuters) - A federal judge in Texas denied the U.S. Consumer Financial Protection Bureau's motion to stay its lawsuit against Comerica Bank, according to a court order filed on ...
Trump and Musk decided that Chopra, who led the Consumer Financial Protection Bureau during Joe Biden's presidency, should go, something they probably would not have done if Chopra ran the CFPB with ...
I’ve been at the courthouse this morning as Adam Martinez, chief operating officer at the Consumer Financial Protection Bureau, is grilled about whether the agency is unlawfully trimming staff ...
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