Enforcement actions

Readers weigh in on a proposal for encouraging small bank installment loans, a firm that uses AI to reduce false alarms, what security improvements are needed for sharing customer data, and more.

Free-market advocates believe that consumers discipline wayward companies better than the government by eschewing their offerings, but switching products is not the same as punishing malefactors.

Banamex USA will pay $97.4 million to the Justice Department over widespread anti-money-laundering abuses.

The German bank posted two consecutive years of losses partly because of misconduct fines tied to the Libor and other scandals.

State regulators felt they were strung along by the mortgage servicing giant Ocwen Financial after years of promises that were never fulfilled, resulting in successive enforcement actions against the company.

The 2015 written agreement had required Four Oaks to improve corporate governance.

Readers weigh in on Wells Fargo investors reelecting state regulators suing the OCC, Wells Fargo's annual meeting, ultralow interest rates and more.

The Consumer Financial Protection Bureau sued four online tribal lenders on Thursday for illegally collecting debts in 17 states where they are prohibited by state usury or licensing laws.

Financial services companies and groups are increasingly willing to take the regulatory regime to court in an effort to fight back — and so far, they appear to be succeeding.

The Consumer Financial Protection Bureau ordered an auto loan servicer on Wednesday to pay $2.4 million for failing to live up to the terms of a 2015 consent order.

Ocwen Financial and its subsidiaries faced a slew of accusations from federal and state regulators on Thursday, which raised questions about whether the firm could survive.

The Consumer Financial Protection Bureau filed a lawsuit Monday against an Ohio law firm for allegedly engaging in illegal debt collection practices by failing to determine whether millions of consumers actually owed a debt.

Banks may be hoping for a friendlier enforcement environment under the Trump administration, but legal experts suggest a lighter touch will probably not extend to Wells Fargo.

The Consumer Financial Protection Bureau's unblemished track record regarding enforcement actions came to an end in 2016 as more companies began fighting back.

In a speech, Consumer Financial Protection Bureau Director Richard Cordray said the agency enforces “with the principle of equal justice” so enforcement actions don’t seem random.

The settlement, which requires judicial approval, will cover customers' fees and other costs related to about 2 million unauthorized accounts.

The Consumer Financial Protection Bureau said Experian sold consumers an "educational" credit score and falsely claimed in advertisements that the score was used by lenders to make credit decisions.

The German lender says that the Justice Department closed a criminal inquiry into its currency-trading activities without action, but regulators are said to be in the final stages of their own reviews of that conduct to determine if any fines are in order.

A district court judge on Friday dealt a blow to the Consumer Financial Protection Bureau by saying the agency failed to present enough facts in its case against Intercept Corp.

Nationstar Mortgage agreed on Wednesday to pay $1.75 million to the Consumer Financial Protection Bureau for failing to accurately report home mortgage data that is used to identify discrimination.