Update 8/8/25: There’s now a formal settlement website, see our follow up post here Update 5/18/25: A separate lawsuit had been filed. Capital One has agreed to pay $425 million to settle it according to Reuters. Capital One will... Read More →
Tag - cfpb
Justice Department Says CFPB Will Be Streamlined, Not Dismantled
Lawyers for the Justice Department have stated that the Trump Administration plans to streamline the CFPB rather than dismantle it according to court filings filed on 2/24. This is contradictory to statements that President Trump has... Read More →
Wells Fargo Ordered To Pay $3.7 Billion For Mismanagement Of Auto Loans, Mortgages & Deposit Accounts
The Consumer Financial Protection Bureau (CFPB) has ordered Wells Fargo to pay $3.7 billion for widespread mismanagement of auto loans, mortgages and deposit accounts. $1.7 billion will be paid as a fine to CFPB’s Civil Penalty... Read More →
CFPB Investigating Wells Fargo For Checking Account Practices
Wells Fargo has disclosed in a recent SEC filing that they are under investigation by the CFPB for checking account practices. Specifically the investigation is over how Wells Fargo disclosed how often a debit card needed to be used to... Read More →