DAMN.... That IS a LOT of Bad conduct the Bank is admitting to have done..... Wells Fargo has agreed to pay $1.7 billion in fines and $2 billion in redress to settle claims that it engaged in widespread banking violations over the last decade that harmed millions of consumers, … [Read more...] about Wells Fargo hit with a $3.7 Billion fine for Consumer Banking Violations…
Consumer Financial Protection Bureau
Justice Dept. and Federal Consumer Bureau vow to after big business…..
...from Politico... The newly confirmed director of the Consumer Financial Protection Bureau testified for more than four hours Wednesday in his first appearance before Congress since he was sworn in Oct. 13. Chopra, who served as the agency’s first student loan ombudsman … [Read more...] about Justice Dept. and Federal Consumer Bureau vow to after big business…..
Consumer Financial Protection Bureau under Biden will go active again…
Four the last four years the bureau has been politically kneecapped .... With Joe Biden's pick of leadership the agency will moving to take a tough look at problems coming at consumers from business abuses... The Consumer Financial Protection Bureau, the watchdog … [Read more...] about Consumer Financial Protection Bureau under Biden will go active again…
Educ. Sec. DeVos loses suit over Student Loans…
United States Secretary of Education Betsy DeVos lost a lawsuit accusing the department of delaying the implementation of a Borrower Defense rule that protected students who took out loans to attend school from predatory practices by institutions, Bloomberg reports. Why it … [Read more...] about Educ. Sec. DeVos loses suit over Student Loans…
Wells Fargo is settling back issues by paying $1 Billion to Federal Regulators…
The accounts of the Consumer Financial Protection Bureau and Office of the Comptroller of the Currency will each receive $500 Million... The pay off will settle compliants against the Bank.... What is surpriseing is this is action occurs on Donald Trump's … [Read more...] about Wells Fargo is settling back issues by paying $1 Billion to Federal Regulators…