I find this lawsuit against Capital One fascinating: (CFPB article link) CFPB is suing Capital One for cheating consumers out of $2B in savings account interest. See, Capital One froze the interest rate on their ‘360... Read More →
Tag - cfpb
Wells Fargo Ordered To Pay $3.7 Billion For Mismanagement Of Auto Loans, Mortgages & Deposit Accounts
The Consumer Financial Protection Bureau (CFPB) has ordered Wells Fargo to pay $3.7 billion for widespread mismanagement of auto loans, mortgages and deposit accounts. $1.7 billion will be paid as a fine to CFPB’s Civil Penalty... Read More →
CFPB Investigating Wells Fargo For Checking Account Practices
Wells Fargo has disclosed in a recent SEC filing that they are under investigation by the CFPB for checking account practices. Specifically the investigation is over how Wells Fargo disclosed how often a debit card needed to be used to... Read More →