The FDIC and the Federal Reserve Board issued a joint letter to a digital asset custodian stating that the firm has been making "false and misleading" statements that customers who have opened accounts benefit from FDIC insurance.
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The CFPB charged a credit-repair software and solutions company and its CEO with assisting credit-repair businesses in their collection of advance fees from consumers, in violation of the Telemarketing Sales Rule.
A District Court judge granted preliminary approval to an agreement that would allow a bank to settle a class-action lawsuit filed as a result of alleged retail sales misconduct.
Wells Fargo issued findings from an independent investigation into the bank's retail sales practices.
Wells Fargo announced that it had agreed to pay $110 million to settle a class action lawsuit regarding retail sales practices.