Wells Fargo agrees to $3.7 billion settlement with CFPB over consumer abuses – CNBC
Wells Fargo agrees to $3.7 billion settlement with CFPB over consumer abuses CNBC
Wells Fargo agrees to $3.7 billion settlement with CFPB over consumer abuses CNBC
The CFPB wants to assess the economic impact of the rules on smaller business entities, according to a request for comment.
The findings point to excessive late fee amounts and unnecessary property inspections, among others, according to the CFPB.
WASHINGTON — The Consumer Financial Protection Bureau is plowing ahead with a busy enforcement agenda despite a cloud of uncertainty hanging over it from the Supreme Court’s decision to take a case challenging the bureau’s funding. The CFPB said it was “pleased” that the Supreme Court had decided on Monday to take a case about … [Read more…]
Today, the Consumer Financial Protection Bureau (CFPB) took action against a web of corporate entities operating under TMX Finance, broadly known as TitleMax, for violating the financial rights of military families and other consumers in providing auto title loans. The CFPB found that TitleMax violated the Military Lending Act by extending prohibited title loans to …
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Regulators are gearing up to take a closer look at the “byzantine” regulatory structure overseeing the real estate appraisal profession. During a hearing on appraisal bias on Tuesday morning, Consumer Financial Protection Bureau Director Rohit Chopra turned the spotlight on the profession’s rulemaking entity: the Appraisal Foundation Chopra noted that the small nonprofit writes the … [Read more…]
To root out racial bias in the appraisal system, some experts say thereâs no point in nibbling at the edges. Instead, they suggest tearing the system down and starting fresh.Â