Category Archives: Consumer Financial Protection Bureau (CFPB)

Wells Fargo is “feeling the pinch” after stealing from countless consumers. Not.

Wells Fargo is “feeling the pinch” after stealing from countless consumers. Wells Fargo’s net income in the most recent quarter declined to $5.64 billion from $5.8 billion the same period last year, the bank said Friday. http://www.cnbc.com/2016/10/14/wells-fargo-fake-accounts-banks-consumer-business-took-some-hits-in-september.html

Ruling on CFPB’s Unconstitutionality Leaves Agency Intact

From the National Consumer Law Center:  The DC Circuit’s October 11 decision in PHH Corp. that the Consumer Financial Protection Bureau is unconstitutional will have far more limited impact on the agency  than one might presume, as explained in this article.  https://library.nclc.org/ruling-cfpb%E2%80%99s-unconstitutionality-leaves-agency-intact