The directors of supervision and enforcement at the Consumer Financial Protection Bureau stepped down, citing the stop work ...

In December 2022, the CFPB ordered Wells Fargo to pay $1.7 billion in fines and more than $2 billion in redress and compensation to customers. The redress was broken down into three categories ...

Congress created the CFPB in 2010 after the global financial ... These included a $3.7 billion settlement with Wells Fargo (WFC.N), opens new tab, over abusive consumer practices, the agency's ...

The CFPB is the primary federal supervisory regulator ... These included a $3.7 billion settlement with Wells Fargo, over abusive consumer practices, the agency's largest-ever enforcement action ...

Bessent has instructed CFPB staff to halt some activities ... Bank of America, JPMorgan, Wells Fargo & Co. and Citigroup Inc. Each of those banks handles millions of customer accounts.

A top Wells Fargo executive said on Tuesday that the bank has five consent orders remaining to resolve issues related to its ...

"CFPB RIP," Musk wrote on X on Friday. The Consumer Financial Protection Bureau, a federal agency designed to prevent another financial crisis and protect people from scams, has halted most of its ...

The CFPB protects consumers by analyzing the practices of large financial institutions like banks, lenders, credit unions, and debt collectors to ensure they are not improperly targeting consumers.

Musk’s team on Friday entered the headquarters of the CFPB, an agency that the billionaire Donald Trump adviser has personally targeted, according to three people familiar with their actions.