Citigroup recently encountered an operational mishap involving an $81 trillion ‘inputting error,’ although no funds were actually transferred out of the bank. This incident follows a series of […]

Citigroup Inc. mistakenly credited $81 trillion to a customer’s account instead of the intended $280 in April last year, as reported by the Financial Times. The error was […]

The Trump administration has dismissed several consumer protection cases, including one against Capital One, signaling a significant rollback of the Consumer Financial Protection Bureau’s (CFPB) enforcement actions. President […]

The Consumer Financial Protection Bureau (CFPB) has withdrawn several enforcement actions against companies such as Capital One and Rocket Homes, following recent leadership changes and directives from the […]

During a Senate hearing on Thursday, President Donald Trump’s nominee to lead the Consumer Financial Protection Bureau (CFPB), Jonathan McKernan, faced intense questioning from Democratic senators. They repeatedly […]

The Consumer Financial Protection Bureau (CFPB) has unexpectedly dropped cases against several companies previously accused of harming consumers, including Capital One, Rocket Homes, and a student loan servicer. […]

The Consumer Financial Protection Bureau (CFPB) has dropped its lawsuit against Capital One, which accused the bank of deceptive practices leading to $2 billion in lost interest payments […]

The Consumer Financial Protection Bureau (CFPB) under new leadership dismissed three enforcement lawsuits initiated by the previous administration’s director. In legal documents, the CFPB announced a voluntary dismissal […]

Advocates of Project 2025, which guides President Donald Trump’s policies, hold unconventional views on deposit insurance. For nearly a century, the Federal Deposit Insurance Corp. (FDIC) has guaranteed […]