Richard Cordray

Musk's DOGE leads systematic CFPB shutdown, raising regulatory conflict concerns

2025-02-26 00:00:00 +0000 UTC | Importance: 9/10

The Trump administration, led by Elon Musk’s Department of Government Efficiency (DOGE), began a comprehensive dismantling of the Consumer Financial Protection Bureau (CFPB). Key actions included firing most of its 1,700 employees, closing its Washington headquarters, and effectively …

Donald Trump Elon Musk Linda Yaccarino Russell Vought Elizabeth Warren +4 more regulatory-capture tech-monopoly consumer-protection x-platform financial-services +1 more

Wells Fargo Fined $185 Million for Creating 2 Million Fake Accounts

2016-09-08 00:00:00 +0000 UTC | Importance: 9/10

The Consumer Financial Protection Bureau, Office of the Comptroller of the Currency, and Los Angeles City Attorney announce a combined $185 million settlement with Wells Fargo for the systematic creation of more than two million unauthorized deposit and credit card accounts. The CFPB assesses a $100 …

Wells Fargo John Stumpf Consumer Financial Protection Bureau Richard Cordray corporate-fraud banking-regulation wells-fargo regulatory-capture cfpb