Wells Fargo reaches $575 million settlement for consumer abuses
Wells Fargo on Friday reached a $575 million settlement with all 50 states and the District of Columbia to resolve allegations it had engaged in various abuses of its customers,...
All Stories
Tesla鈥檚 Elon Musk settles with SEC, paying $20 million fine and resigning as board chairman
Tesla chief executive Elon Musk agreed on Saturday to pay a $20 million fine and step down as board chairman as part of a settlement with the Securities & Commission...
U.S. to fine Wells Fargo $1 billion — the most aggressive bank penalty of the Trump era
Federal regulators are preparing to fine megabank Wells Fargo about $1 billion for misbehavior in its auto and mortgage businesses, according to two people familiar with the negotiations.
Trump administration strips consumer watchdog office of enforcement powers in lending discrimination cases
The Trump administration has stripped enforcement powers from the leaders of a Consumer Financial Protection Bureau unit responsible for pursuing discrimination cases, part of a broader effort to reshape an...
Trump administration strips consumer watchdog office of enforcement powers in lending discrimination cases
The Trump administration has stripped enforcement powers away from Consumer Financial Protection Bureau office that specializes in pursuing cases against financial firms for breaking discrimination laws, according to two people...
Trump says Wells Fargo’s penalties for “bad acts” could be “substantially increased”
President Donald Trump on Friday lashed out against Wells Fargo, insisting that fines against the embattled mega bank would not be scrapped and threatening even harsher penalties.
Martin Shkreli could be forced to give up exclusive Wu-Tang Clan album, Picasso after criminal conviction
Federal prosecutors said Friday that Martin Shkreli, the former hedge fund manager notorious for raising the price of a critical drug, should forfeit more than $7 million in assets after...
At consumer watchdog agency, two acting directors show up to take command; one brings doughnuts, the other well-wishes
As a Republican congressman, Mick Mulvaney called the Consumer Financial Protection Bureau a "joke" and said he wished it didn't exist. On Monday, Mulvaney showed up at the agency's D.C....
The SEC was hacked, and the culprits may have used its info to turn a profit with illegal stock trades
The SEC announced Wednesday that hackers breached its system for storing documents filed by publicly traded companies last year, potentially accessing data that allowed the intruders to make an illegal...
Before the breach, Equifax sought to limit exposure to lawsuits
Before Equifax discovered a massive computer breach that exposed sensitive information about millions of Americans, the company lobbied Congress on legislation to limit how much it could be forced to...