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Wells Fargo to Pay $3.7 Billion for Mismanaging Loans

Wells Fargo to Pay $3.7 Billion for Mismanaging Loans

The Consumer Financial Protection Bureau (CFPB) is ordering Wells Fargo Bank to pay more than $2 billion in redress to consumers and a $1.7 billion civil penalty for legal violations across several of its largest product lines. The bank’s illegal conduct led to billions of dollars in financial

MoneyLion Charged Military Members Excessive Interest, Feds Charge

MoneyLion Charged Military Members Excessive Interest, Feds Charge

The Consumer Financial Protection Bureau (CFPB) is suing MoneyLion Technologies, an online lender, and 38 of its subsidiaries, alleging that it imposed illegal and excessive charges on armed service members and their dependents. “MoneyLion targeted military families by illegally extracting fees and making it difficult to cancel monthly subscriptions,” said

Buy Now, Pay Later Plans Grow, So Do Late Fees

Buy Now, Pay Later Plans Grow, So Do Late Fees

Buy Now, Pay Later is sometimes described as credit without the credit card. It’s an increasingly popular way to buy everything from pet supplies to travel. It normally does not charge interest but late fees can add up fast and a study finds that late fees are becoming more