CFPB

CFPB To LendUp: You Failed To Deliver, Pay Up $3.63 Million

CFPB To LendUp: You Failed To Deliver, Pay Up $3.63 Million
CFPB To LendUp: You Failed To Deliver, Pay Up $3.63 Million
September 28, 2016  |  CFPB

The Consumer Financial Protection Bureau said on Tuesday (Sept. 27) that it has taken action against an online lender, LendUp, with fines levied of $1.8...

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CFPB Files Lawsuit Against Credit Repair Company Prime Marketing Holdings
CFPB Files Lawsuit Against Credit Repair Company Prime Marketing Holdings
September 26, 2016  |  CFPB

The Consumer Financial Protection Bureau (CFPB) announced on Friday (Sept. 23) it filed a lawsuit in federal district court against credit repair company Prime Marketing...

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Online Lenders to See More Regulation … And Soon
Online Lenders to See More Regulation … And Soon
September 19, 2016  |  Legal & Regulation

In a move that may add insult to injury, the online lending sector may have to gird for more regulation amid the stings of rather...

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Prepaid Card Regulations Looming
Prepaid Card Regulations Looming
September 19, 2016  |  Legal & Regulation

Prepaid cards are popular, for sure. They’re used for shopping or just to draw out funds from an ATM machine, and they’re hooked up to payment...

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For CFPB, Win A Battle, Lose The War?
For CFPB, Win A Battle, Lose The War?
September 16, 2016  |  CFPB

The Consumer Financial Protection Bureau will not be able to spend much time savoring its victory against Wells Fargo and the huge $185 million settlement...

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Wells CEO Says He’s Sticking Around
Wells CEO Says He’s Sticking Around
September 14, 2016  |  Banking

In the midst of swirling controversy tied to sham accounts at Wells Fargo, CEO John Stumpf has said he intends to keep his position at...

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Wells Fargo CFO Blames Fake Account Openings On Underperformers
Wells Fargo CFO Blames Fake Account Openings On Underperformers
September 14, 2016  |  Banking

Wells Fargo may be facing the largest fine ever levied by the Consumer Financial Protection Bureau after it was revealed employees opened up thousands of...

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Wells Fargo’s Fraud Issues Don’t Seem To Have Been Present At Other Big Banks
Wells Fargo’s Fraud Issues Don’t Seem To Have Been Present At Other Big Banks
September 13, 2016  |  Legal & Regulation

As the fallout continues from last week’s revelations about Wells Fargo‘s “out-of-the-box” methods for upping consumer enrollment in their various products (which included signing consumers...

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