Democrats vow to fight shutdown of consumer watchdog agency
A group of 191 House and Senate Democrats sent a letter to Russell Vought, the newly installed director of the Office of Management and Budget, and Treasury Secretary Scott Bessent, calling on them to reverse course on actions targeting the nation's consumer financial watchdog agency.
US consumer watchdog cases in limbo following agency's idling
The Trump administration's idling of the Consumer Financial Protection Bureau (CFPB) left in limbo significant cases the agency brought against companies and large financial firms in the waning days of President Joe Biden's time in office.
US Consumer Watchdog Fires Some Probationary Staff, Sources Say
The U.S. Consumer Financial Protection Bureau fired some probationary staff on Tuesday, according to a recipient of a termination letter and people familiar with the matter, the latest move in an onslaught of the agency by the administration of President Donald Trump.
US consumer watchdog's enforcement, supervision chiefs say they resigned
The top officials for enforcement and supervision at the U.S. Consumer Financial Protection Bureau said on Tuesday they had resigned, citing the Trump administration's decision to halt all activity at the agency,
US consumer finance watchdog chief tells all staff to cease work
The move followed a weekend decision to shutter the CFPB's Washington headquarters, idling a federal agency of nearly 2,000 workers tasked with enforcing consumer financial laws. "Employees should not come into the office,
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Trump shuts Consumer Financial Protection Bureau headquarters, halts agency’s activity
President Donald Trump’s administration has shuttered the headquarters of the Consumer Financial Protection Bureau (CFPB) and ...
Wells Fargo CFO says five consent orders are remaining
A top Wells Fargo executive said on Tuesday that the bank has five consent orders remaining to resolve issues related to its ...
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Wells Fargo ends 2022 CFPB consent order
Wells Fargo has ended a 2022 consent order with the Consumer Financial Protection Bureau that targeted the bank’s auto loan ...
Two more Wells Fargo federal consent orders terminated. But growth cap remains for now
In 2011, the bank was ordered to pay an $85M civil penalty, the largest the Fed had assessed in a consumer-protection ...
Wells Fargo clears another postscandal regulatory hurdle — but more remain
The bank’s stock rises as it fulfills two disciplinary orders from the Federal Reserve related to its mortgage business — but ...
Fed Ends Two Regulatory Punishments Imposed on Wells Fargo in 2011
Wells Fargo has seen numerous regulators move to lift enforcement actions in recent months. Last month, the Consumer ...
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Wells Fargo gains termination of two more Federal Reserve consent orders
Wells Fargo & Co. has narrowed by two the number of outstanding consent orders with the Federal Reserve Board, but the $1.9 ...
Wells Fargo (WFC) Moves Closer to Having Asset Cap Lifted
U.S. bank Wells Fargo & Co. (WFC) has cleared an important regulatory hurdle in its efforts to have the $1.95 trillion asset ...
Column: Trump's move to kill federal consumer watchdog will protect Big Business but cost consumers billions
The Consumer Financial Protection Bureau saved consumers money but enraged businesses. Now Trump has moved to kill it.
Consumer protections halted as Treasury Secretary takes over acting bureau role
Treasury Secretary Scott Bessent is now the acting head of the US Consumer Financial Protection Bureau, signaling a potential ...