Even in a friendlier regulatory environment, it would be unwise to discard established servicing policies and take on risk, executives said.

On January 17, the CFPB released its complaint and proposed consent order against a nondepository mortgage company, alleging violations of the ...

On January 17, the CFPB published a blog post highlighting the resurgence of “zombie” second mortgages — instances where homeowners thought ...

This marks the seventh consent order closed by Wells Fargo's regulators since 2019, the U.S. banking giant said. Wells ...

The CFPB consent order said the San Francisco-based lender ... Wells also allegedly denied mortgage loans to certain ...

This rogue agency stifles innovation, drives up costs, and infantilizes consumers—all while operating without accountability.

“Cash App created the conditions for fraud to proliferate on its popular payment platform,” said CFPB Director Rohit Chopra. “When things went wrong, Cash App flouted its responsibilities ...

Two major tech trade groups are challenging the Consumer Financial Protection Bureau’s (CFPB) effort to treat payment apps and digital wallets like banks. In a lawsuit filed in federal court in ...

"When things went wrong, Cash App flouted its responsibilities and even burdened local banks with problems that the company caused," said CFPB Director Rohit Chopra. In response, Block said the ...

The CFPB alleged that Block's (NYSE:SQ) Cash App had closed cases of reported fraud without opening a legally required investigation. Block allegedly directed users who incurred financial losses ...

NetChoice and TechNet said Congress did not give the CFPB free rein to aggressively, arbitrarily and capriciously police large non-banks offering consumer financial services through such products ...