The San Francisco-based bank announced that another consent order with the Office of the Comptroller of the Currency has been ...

Under grilling from Senate Democrats, Consumer Financial Protection Bureau Director-designate Jonathan McKernan agreed to ...

Since its founding, the CFPB has returned more than $21 billion to consumers who were victims of fraud or scams.

Advocates fear consumers could be left to fend for themselves in a complicated financial marketplace if the CFPB is ...

The 2018 consent order issued by the OCC identified deficiencies in the bank’s enterprise-wide compliance risk management ...

Elon Musk’s plans to add payment services to X, his social media platform, are looming large over the Trump administration’s push to dismantle the Consumer Financial Protection Bureau (CFPB), The ...

The new leadership at the Consumer Financial Protection Bureau plans to fire nearly all of its 1,700 employees while “winding down” the agency, ...

The order involved a $500 million civil penalty against the lender and required Wells Fargo to make restitution to affected customers. The OCC's action was closely coordinated with the CFPB ...

who rely on the CFPB and its partner agencies to advocate on their behalf," the letter says. The bureau's biggest enforcement action was in 2022, when it ordered Wells Fargo to pay $3.7 billion in ...

Wells Fargo & Company’s WFC 2018 consent order ... In January 2024, the bank was freed from a 2022 consent order with the CFPB.

In 2022, CFPB ordered Wells Fargo Bank to pay a $1.7 billion fine and more than $2 billion for repeated auto lending, mortgage and account deposit practices that harmed over 16 millions customers.