The regulator reportedly gave the asset manager a Jan. 10 deadline to agree to stricter oversight when holding a 10% or ...

The root of the CFPB’s ineffectiveness is that it believes regulation is the way to fix the banking industry’s problems. To ...

Four teenage girls are recovering after a “targeted” firework attack left them with serious injuries and burns last week, according to NBC affiliate WBBH.

Costco, a big box wholesale retailer, has indicated that it will resist calls from the National Center for Public Policy to ...

The decision by the USDA follows a CFPB report that found online school meal payments predominantly affect low-income families. School lunch fees collectively cost families upwards of $100 million ...

That is the minimum amount customers of three giant U.S. banks have lost since payments platform Zelle was launched in 2017, according to a lawsuit by the Consumer Financial Protection Bureau.

The Consumer Financial Protection Bureau (CFPB) has launched a lawsuit against major banks JPMorgan Chase (), Bank of America (), and Wells Fargo (), along with Zelle's operator Early Warning ...

The independent agency also sued the operator of Zelle, called Early Warning Services. The CFPB put Zelle-related fraud losses at more than $870 million involving customers at just the three banks ...

OH, IT WASN’T US. TALK TO THE HAND. NO. SO IN TODAY’S LAWSUIT, THE CFPB SAYS, QUOTE, CONSUMERS WHO WENT TO THEIR BANKS FOR HELP WERE LARGELY DENIED RELIEF. AND SOME WERE EVEN TOLD TO TRY ...

“The nation’s largest banks felt threatened by competing payment apps, so they rushed to put out Zelle,” said CFPB Director Rohit Chopra in a statement. “By their failing to put in place ...