The regulator reportedly gave the asset manager a Jan. 10 deadline to agree to stricter oversight when holding a 10% or ...

The root of the CFPB’s ineffectiveness is that it believes regulation is the way to fix the banking industry’s problems. To ...

Four teenage girls are recovering after a “targeted” firework attack left them with serious injuries and burns last week, according to NBC affiliate WBBH.

Costco, a big box wholesale retailer, has indicated that it will resist calls from the National Center for Public Policy to ...

The decision by the USDA follows a CFPB report that found online school meal payments predominantly affect low-income families. School lunch fees collectively cost families upwards of $100 million ...

That is the minimum amount customers of three giant U.S. banks have lost since payments platform Zelle was launched in 2017, according to a lawsuit by the Consumer Financial Protection Bureau.

Earlier this week, the Consumer Financial Protection Bureau (CFPB) announced a lawsuit targeting the big banks that launched Zelle. Zelle was created by big banks in recognition of the rise of ...

Rohit Chopra, the director of the CFPB, joins Ali Velshi to explain why the bureau is so important to the American consumer. “When people come to the CFPB, we require those companies to respond ...

CFPB, the government's consumer financial watchdog agency, alleges customers of the top three banks lost more than $870 million over the seven years that Zelle has been in existence due to the ...

“The nation’s largest banks felt threatened by competing payment apps, so they rushed to put out Zelle,” said CFPB Director Rohit Chopra in a statement. “By their failing to put in place ...