Here’s what experts say about the possible closure of the Federal Deposit Insurance Corporation or the Consumer Financial Protection Bureau.
The federal government is suing Captial One, accusing the banking giant of deceiving consumers and withholding more than $2 billion in interest payments on savings accounts.The Consumer Financial Protection Bureau (CFPB) filed a
The New York Department of Financial Services has proposed several changes to overdraft fees including banning banks from charging more than three overdraft or nonsufficient funds fees per consumer per day.
The Consumer Financial Protection Bureau, or CFPB, is a government agency that oversees the consumer finance industry, including banks, lenders and other financial institutions.
The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion by misleading them.
Federal regulators said in a lawsuit on Tuesday that the giant bank deliberately underpaid savings account interest, even as rates rose.
and that raises questions about what happens to the Consumer Financial Protection Bureau. Congress established the CFPB after the Great Recession to write and enforce rules for the financial industry.
New York Attorney General Letitia James has announced a court victory allowing her lawsuit against Citibank to proceed, as a judge denied the bank's motion to dismiss key claims. The lawsuit alleges that Citibank did not adequately protect customers from fraud or reimburse victims as required by law.
The U.S. Consumer Financial Protection Bureau announced Tuesday a lawsuit alleging Capital One scammed billions of dollars off its customers in interest payments as it seeks to expand its global enterprise.
The Consumer Financial Protection Bureau issued separate policy statements on "sandbox approvals" and no-action letters for fintechs — measures whose longevity is questionable with the incoming Trump administration.
A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost interest payments as a result.
The New York Attorney General announced a settlement with Equifax over inaccuracies in credit scores for New Yorkers. This issue affected about 77,000 residents due to a coding mistake, according to Equifax.