Neither Capital One nor Discover are in financial distress leading up to the shareholder vote. Capital One topped earnings estimates for 2024’s fourth quarter, and Discover also posted strong results ...

Created at the behest of Senator Elizabeth Warren (D-MA), the Consumer Financial Protection Bureau (CFPB) has the ostensible goal of protecting people from bad actors and practices in the financial ...

The CFPB—tasked to protect consumers from unfair banking practices—was created by Democrats in the wake of the 2008 financial ...

U.S. bank Wells Fargo & Co. (WFC) has cleared an important regulatory hurdle in its efforts to have the $1.95 trillion asset ...

Wells Fargo has ended a 2022 consent order with the Consumer Financial Protection Bureau that targeted the bank’s auto loan ...

Wells Fargo said on Tuesday that it has passed a major hurdle toward lifting the $1.95 trillion asset cap imposed on the bank ...

MSCI reported a 24.3% fall in fourth-quarter profit on Wednesday, hurt by higher costs and tougher comparisons to a year ...

Italy’s Mediobanca has rejected Banca Monte dei Paschi di Siena’s takeover bid, deeming it “contrary to the interests of Mediobanca”.  In a strongly worded statement on Tuesday, the bank’s board ...

Through 39 public enforcement actions, including six Military Lending Act violations, CFPB returned $363 million to veterans and service members. Beyond these and other enforcement actions, CFPB has ...

Wells Fargo said that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer deposit accounts, and mortgage lending, has closed.

We are increasing our fair value estimate for Wells Fargo to $65 per share from $60 per share after incorporating the latest results. This fair value estimate is equivalent to 1.6 times the reported ...

The order, the seventh terminated since 2019 for the bank, related to Wells’ auto lending, mortgage and consumer deposit ...