Consumer Financial Protection
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X @Bloomberg
Bloomberg· 2025-12-22 21:08
The Trump administration is illegally trying to cripple the Consumer Financial Protection Bureau, a group of mostly Democratic-led states said in a federal lawsuit. https://t.co/GmQQPo0Xgy ...
X @Bloomberg
Bloomberg· 2025-12-02 20:15
A group of Democratic state prosecutors seeking to address rising living costs and widespread fraud hired Rohit Chopra, former director of the US Consumer Financial Protection Bureau, to lead the effort. https://t.co/MnlCIDw2OJ ...
X @Bloomberg
Bloomberg· 2025-11-19 17:42
President Donald Trump nominated Stuart Levenbach to be director of the Consumer Financial Protection Bureau, according to a Congressional website. https://t.co/cQiHqnOkDK ...
CFPB ends WaFd mortgage consent orders early
Yahoo Finance· 2025-09-29 12:36
Core Points - The Consumer Financial Protection Bureau (CFPB) has terminated consent orders against Washington Federal, indicating compliance with previous obligations [1][4] - The terminations relate to violations of the Home Mortgage Disclosure Act, with one order dating back to October 2013 and the other from 2020 [2][4] - Washington Federal paid a civil penalty of $200,000 in the 2020 case and $34,000 in the 2013 case, fulfilling several obligations under the orders [3][4] Summary by Category Compliance and Regulatory Actions - The CFPB ended compliance requirements for Washington Federal five years early in the 2020 case, which involved erroneous mortgage data [4] - The 2013 order required Washington Federal to pay a penalty for inaccurate mortgage transaction data reported for 2011 [4] Related Actions by CFPB - The CFPB also terminated consent orders against U.S. Bank and Apple, indicating a trend of early terminations of compliance requirements [5][7] - U.S. Bank was ordered to pay $20.7 million for freezing unemployment benefits during the COVID-19 pandemic, and the CFPB waived over three years of compliance requirements [5][6] - Apple faced a $25 million penalty for failing to send consumer disputes to Goldman Sachs, with the CFPB terminating the order more than four years early [7]