The Consumer Financial Protection Bureau (CFPB) said that Vanderbilt Mortgage & Finance trapped "people in risky loans." ...

The CFPB says that Vanderbilt Mortgage & Finance, owned by Berkshire Hathaway, ignored evidence that borrowers couldn't ...

The federal Consumer Financial Protection Bureau says in a lawsuit that a unit of Warren Buffett's Berkshire Hathaway ...

Vanderbilt’s internal model for underwriting loans provided borrowers unrealistic expectations of monthly living expenses, ...

The timing of the lawsuit against Zelle, filed just before Christmas, sparked a backlash by banks against CFPB Director Rohit Chopra. The largest bank owners of the peer-to-peer payment network claim ...

Meanwhile, some regulators are turning toward threats outside of the banking sector that could be hard to pull back from under the Trump administration, such as the CFPB's recent designation of Google ...

Zelle is owned by seven major banks. The CFPB has sued Early Warning Services, the company that operates Zelle, along with three of its owner banks, Bank of America, JP Morgan Chase and Wells Fargo.

The CFPB focused on rewards programs that include redemption options from various merchants. If a merchant drops out of such a rewards program, the CFPB said, that could result in a UDAAP if the ...

In December 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule that closes a loophole exempting overdraft loans from lending laws, a major step in the CFPB’s efforts to curb ...

As a result, workers forked over more than $10 million in fees to transfer their earnings into accounts of their choosing, the CFPB claims. "Walmart made false promises, illegally opened accounts ...

Much of the misconduct is related to the post-pandemic return to repayment, when 6 million people started paying back their student debt for the first time, the CFPB reported. In total ...

The CFPB claims this led to workers paying more than $10 million in fees to transfer their earnings to an account of their choice. In an emailed statement, Walmart said the CFPB “rushed” its ...