CFPB

OCC Unhappy With Wells’ Response To Auto Lending Scandal

OCC Unhappy With Wells’ Response To Auto Lending Scandal
OCC Unhappy With Wells’ Response To Auto Lending Scandal
October 04, 2018  |  Legal & Regulation

The Office of the Comptroller of the Currency (OCC) isn’t satisfied with the progress Wells Fargo has made in reimbursing customers who might have been...

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Analysis Claims $88.6M Laundered Via Crypto Exchanges
Analysis Claims $88.6M Laundered Via Crypto Exchanges
September 28, 2018  |  Cryptocurrency

For years, law enforcement has feared that bitcoin could make money laundering easier. And now, in a new analysis of 2,500 suspected crypto crimes that made...

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CFPB Sues Cos Making Loans Against Future Pension Payments
CFPB Sues Cos Making Loans Against Future Pension Payments
September 14, 2018  |  CFPB

The Consumer Financial Protection Bureau (CFPB) announced that it has filed a complaint against multiple parties, accusing them of making loans against future pension payments....

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Wells’ Plan To Compensate Auto Insurance Holders Rejected
Wells’ Plan To Compensate Auto Insurance Holders Rejected
September 12, 2018  |  Legal & Regulation

Wells Fargo has seen U.S. regulators turn down its plan to pay back customers who purchased auto insurance they didn’t need. Get the Full Story...

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CFPB Ombudsman Quits, Says Bureau ‘Abandoned’ Consumers
CFPB Ombudsman Quits, Says Bureau ‘Abandoned’ Consumers
August 28, 2018  |  CFPB

Seth Frotman, an assistant director and student loan ombudsman for the Consumer Financial Protection Bureau (CFPB), had some harsh words for acting CFPB Director Mick Mulvaney...

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Are Big Changes Coming To The Military Lending Act?
Are Big Changes Coming To The Military Lending Act?
August 14, 2018  |  Alternative Credit

Changes may soon be coming to the Military Lending Act (MLA), a piece of legislation designed to prevent military service members from getting swept up...

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The Regulatory Future Of Payday Lending
The Regulatory Future Of Payday Lending
August 14, 2018  |  Alternative Credit

Payday and short-term lending is a contentious topic in the United States, particularly when it comes to its regulation. The loans, usually for small-dollar amounts and...

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Wells Considers Lending To Students With Government Debt
Wells Considers Lending To Students With Government Debt
August 14, 2018  |  Loans

Wells Fargo might give its shrinking student lending business a boost by focusing on borrowers with U.S. government loans. The lender would offer loans to...

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