- Regulation
- Technology
- Resources
Latest News
Consumer Financial Protection Act
-
Trump issues executive order targeting debanking
The order, mandates a crackdown on “debanking” and ends the use of reputational risk in regulatory oversight.
-
CFPB backs down on state notification rule for CFPA action
Move follows significant public pushback and concerns over weakening regulatory coordination.
-
Fifth Third Bank hit with order to pay $20m for opening fake accounts
CFPB charged bank over range of illegal activities centering on motor vehicle loans.
-
BofA fined $150m for consumer abuses, including phone accounts, bogus fees
Bank of America, the second-largest US bank by assets, engaged in deceptive practices that hurt hundreds of thousands of its customers, regulators allege.