Wells Fargo said the Consumer Financial Protection Bureau terminated a consent order related to the company’s compliance risk management program. The order was issued in 2018 and is the 12th consent order closed by regulators since 2019 and the sixth since the start of the...
This week, a judge will hear testimony that could determine the future of the CFPB. The Consumer Financial Protection Bureau (CFPB) has been on shaky ground for months, with President Donald Trump’s administration pushing to cut 90% of its staff. And as the New York...
The CFPB has dropped its case against Pennsylvania-based company Horizon Card Services. The Consumer Financial Protection Bureau (CFPB) sued Horizon and parent company Reliant Holdings last year, alleging that the company had employed deceptive marketing, charged illegal and excessive fees, and made it unreasonably tough...
A federal judge reportedly blocked the Trump Administration’s plan to lay off 90% of the staff of the Consumer Financial Protection Bureau (CFPB) Friday (April 18) while she determines whether this plan violates her previous order. In her previous order, Judge Amy Berman Jackson said the...
March 31, 2025
The on-again, off-again saga of the Consumer Financial Protection Bureau (CFPB) continues. The Trump administration on Saturday (March 29) filed a claim in the U.S. Court of Appeals asking it to weigh in on a decision issued Friday that seemingly gave the agency a new lease on life after a series of efforts to dismantle […]
March 17, 2025
By the standards set previously in Q1, this Monday wasn’t as manic as most. In fact there’s an element of “business as usual” in this installment of the Washington Weekly...
March 03, 2025
If you’re tracking the mania in Washington, D.C., from a financial services perspective these days, you might notice that it’s starting to resemble a weather forecast. Last week was partly...
February 27, 2025
Jonathan McKernan, appearing before the Senate Banking Committee during a hearing on his nomination to lead the Consumer Financial Protection Bureau, told lawmakers Thursday (Feb 26), “All too often, …...
April 29, 2025
An appeals court ruled Monday (April 28) afternoon in a 2-to-1 decision that the Consumer Financial Protection Bureau (CFPB) cannot proceed with its mass layoffs until a court battle over the agency’s downsizing is completed. Judges Cornelia Pillard and Gregory Katsas voted for that decision, while Judge Neomi Rao dissented, saying the ruling “hamstrings the […]
April 28, 2025
Wells Fargo said the Consumer Financial Protection Bureau terminated a consent order related to the company’s compliance risk management program. The order was issued in 2018 and is the 12th...
April 28, 2025
This week, a judge will hear testimony that could determine the future of the CFPB. The Consumer Financial Protection Bureau (CFPB) has been on shaky ground for months, with President...
April 27, 2025
The CFPB has dropped its case against Pennsylvania-based company Horizon Card Services. The Consumer Financial Protection Bureau (CFPB) sued Horizon and parent company Reliant Holdings last year, alleging that the...
