The U.S. consumer financial watchdog that was created after the 2008 financial crisis appears to be easing pressure on ...

Wells Fargo has reported a net income of $4.894bn for the first quarter (Q1) of 2025, marking a rise of approximately 5.93% ...

The judge took steps to block the late fee cap in 2024, saying it stood in opposition to the Credit Card Accountability and ...

The rule that would cap overdraft fees at $5 now goes to President Donald Trump, who has indicated he will sign a measure to ...

Big banks and a credit union earned nearly $3.5 billion from overdraft fees in 2024, with Chase, Wells Fargo and Navy Federal ...

The bureau dismissed the case without prejudice – meaning it could refile the lawsuit – setting it apart from other recent ...

According to the CFPB, current regulation “sets forth a safe harbor of $30 generally for penalty fees, except that it sets forth a safe harbor of $41 for each subsequent violation of the same type ...

Wells Fargo has checked more boxes in its progress toward fixing ... The OCC's 2018 order was accompanied by a $500 million fine, and came in coordination with a consent order from the CFPB. The CFPB ...

The Consumer Financial Protection Bureau, or CFPB, is a federal agency that helps protect consumers from financial harm. For millions of student loan borrowers, the CFPB has curbed predatory lenders ...

Banks are celebrating the vote, but consumer advocates warn this could worsen the struggles facing low-income families.

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. Fed Chairman Jerome Powell said in 2021 the asset cap ...

The CFPB issued its final rule on overdraft in December ... while many others – notably, Bank of America and Wells Fargo – greatly reduced them. Some Republicans, however, argued that eliminating the ...