John Stumpf, CEO of Wells Fargo, is retiring effective now, 3 weeks after he apologized to the Senate Banking Committee for the bank’s unauthorized accounts scandal.
A Federal appeals court slapped down the Consumer Financial Protection Bureau and ruled that the bureau is no longer independent, and that its director can be fired by the president for any reason.
The Consumer Financial Protection Bureau issued new regulations today aimed at ending the recurring cycle of debt from payday loans .
The 2016 average student debt total is $37,173, a bump of 6.05% over 2015 and the largest it’s ever been.
Consumer complaints against banks, mostly regarding checking accounts, rose in 2015, according to the Consumer Financial Protection Bureau.
The Consumer Financial Protection Bureau has asked a federal court to shut down a student debt-relief company that charged students millions of dollars in illegal upfront fees.
U.S. officials are starting to take a closer look at tech companies that are having a bigger and bigger impact on the financial services industry.
A fiduciary is defined as anyone named to manage money or property for someone else. Family caregivers, while not professional fiduciaries, still have strict guidelines for their conduct.
Toyota received big fines from the CFPB and DOJ and will change its car loan practices as a result of earlier discrimination.
The CFPB recently fined a “buy here, pay here” car dealer for abusive financing schemes, hiding auto finance charges and misleading consumers.