CFPB

Wells Fargo’s growth prospects at risk, faces potential new sanctions

By admin1 on September 1, 2021 • ( 0 )

In a significant development, following the slow pace of Wells Fargo & Co’s efforts to compensate victims of its fraudulent sales practice scandals, U.S. regulators have now warned the bank that it potentially faces new sanctions. The Consumer Financial Protection Bureau… Read More ›

U.S. Senate kills CFPB’s rule on arbitration and class action lawsuits

By admin1 on October 25, 2017 • ( 0 )

The rule disallowed a customer’s right to sue, individually or as a group, in the event of them becoming a customer of a financial company, including a bank; the banning of their rights is irrespective of any wrongdoing or misconduct… Read More ›