Compliance

The budget proposal was released less than two weeks before the agency's first public budget hearing since 2008 and drew immediate criticisms from the CU trade associations.

A nationwide payday lending rule would add to credit unions' regulatory burden and could increase costs -- a move which would ultimately lead to increase costs for consumers, NASCUS told CFPB.

Consumers voted with their feet in September, as the embattled bank said Friday that new checking accounts were down by 25% from year earlier.

Consumers voted with their feet in September, as the embattled bank said Friday that new checking accounts were down by 25% from a year earlier.

WASHINGTON – Democratic presidential nominee Hillary Clinton would engage in a review of financial regulations and simplify or eliminate those that are found to be unnecessary if she is elected president, a top adviser said Thursday.

WASHINGTON – The government should encourage the development of the fintech sector, but should not grant a safe harbor for such firms, Sen. Mark Warner, D-Va., said Thursday.

Warren's voice is powerful in criticizing big banks, but she could play a more active role in providing relief to community banks to help boost job creation.

A $28.5 million fine won’t have much impact on the world’s largest credit union, but observers say that being disciplined by the Consumer Financial Protection Bureau could be a bellwether for further enforcement actions from the embattled agency.

Without investigations by the Los Angeles Times and city prosecutors, the Wells Fargo account scandal would never have come to light. Where were federal regulators?

A federal appeals court ruling against the Consumer Financial Protection Bureau has raised questions about whether banks and other firms cited by the agency can protest previous enforcement actions. But doing so may create new risks for firms.