Enforcement actions

How a new CFPB head may revamp rules, enforcement

11/16/17

A new Republican director of the Consumer Financial Protection Bureau is likely to take immediate action to change certain rules, including the "qualified mortgage" and payday rules, while curbing pending enforcement actions that are considered too harsh on financial firms.

[more]

Radical changes ahead for CFPB after Cordray departure

11/15/17

The resignation of CFPB Director Richard Cordray gives President Trump the chance to name a director who could roll back agency rules and supervisory policies.

[more]

Is Jes Staley’s job in jeopardy at Barclays?

10/26/17

The bank’s 3Q results will make it harder for the CEO to win over some investors skeptical of his strategy to build up the investment bank, and he is already the subject of a whistleblower investigation by regulators.

[more]

Wells rules out raising deposit rates to jump-start consumer growth

10/13/17

The embattled company has begun offering cash bonuses to certain customers who open accounts, but at least for now pricey deposit rates would not ensure that customers stick around, executives said Friday.

[more]

CFPB's enforcement chief to leave

10/13/17

The Consumer Financial Protection Bureau said Friday that Anthony Alexis, the agency's enforcement chief, plans to leave the agency after more than five and a half years.

[more]

New CEO, same drubbing for Wells on Capitol Hill

10/03/17

Wells Fargo CEO Tim Sloan took heat from Senate Democrats, who questioned his fitness for the job, the bank's use of mandatory arbitration clauses and even whether its charter should be revoked.

[more]

Ocwen settles servicing lawsuit with 10 states

09/29/17

Ocwen Financial reached a settlement with 10 states where it can't acquire servicing rights for eight months but it will not face any financial penalties.

[more]

House report on CFPB's Wells Fargo investigation is no smoking gun

09/28/17

The GOP inquiry appears aimed at providing more ammunition for potentially ousting Director Richard Cordray, but the report's impact may be limited.

[more]

CFPB penalizes title company over RESPA steering

09/27/17

An Indiana title company $1.25 million on Wednesday for steering borrowers to an affiliated title insurer without disclosing that three executives are part-owners of the insurer.

[more]

CFPB examiners moved through training program too fast, IG says

09/25/17

The Consumer Financial Protection Bureau may have commissioned some examiners before they were prepared, a new report has found.

[more]