Observations
Nov 21, 2023Earlier this month, the Consumer Financial Protection Bureau (CFPB) ordered Citibank to pay $25.9 million in fines and consumer redress for discriminatory practices against Armenian American credit card applicants from 2015 to 2021. Following this, last week Congresswoman Maxine Waters, the top Democrat on the House Financial Services Committee, sent a letter to Acting Comptroller of the Currency Michael Hsu urging him to consider additional actions against Citibank.
Observations
Sep 06, 2021Regulators at two key U.S. financial regulators – the Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB) – are considering additional sanctions against Wells Fargo.
