The lead regulator for U.S. banks, the Office of the Comptroller of the Currency, removed Wells Fargo’s most senior bank examiner, people familiar with the matter told Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Trump administration’s Justice Department’s March 17 brief outlining the possible unconstitutional structure of the Consumer Financial Protection Bureau (CFPB) was met with some resistance from the organization. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Republicans and President Trump want to wrest the power from the Consumer Financial Protection Bureau (CFPB), a consumer watchdog put into place under former President Obama, but its director Richard Cordray last week was out defending the agency he heads. Get the Full Story Complete...
A group of consumer and civil rights groups, legal scholars and members of congress announced Friday they would be submitting amicus briefs to the U.S. Court of Appeals in support of the Consumer Financial Protection Bureau (CFPB) in the case of PHH Corp. v. CFPB....
Retailers have gotten an official clarification from the U.S. court of last resort regarding what their first amendment rights are when it comes to talking to customers about the swipe fees they pay for accepting cards. Get the Full Story Complete the form to unlock...
Wells Fago has come to a settlement agreement with customers whose personal information their staff used to set up fake bank and credit card accounts. With this announcement, Wells gets one — rather expensive — step closer to putting the incident in the rearview mirror....
The failure of the United States Congress to either repeal or replace Obamacare has left America’s small business owners looking to Congress for new solutions for limiting their healthcare costs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Santander has been told by the Federal Reserve to increase its oversight of subprime auto lending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
The Office of the Comptroller of the Currency — the top regulator for national banks — is sending out the message that U.S. banks ought not flee ties to foreign banks for fear of accidentally getting caught up in money laundering. Get the Full Story...
