The New York Times

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The New York Times

 •  April 20

Wells Fargo will pay two federal regulators a total of $1 billion to settle an array of investigations into its mortgage and auto-lending practices. The settlements, with the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency, were announced on Friday. The joint action is the most significant move by federal...

The New York Times

 •  April 19

Federal regulators are poised to impose a $1 billion fine on Wells Fargo for years of selling unnecessary products to customers, the toughest action by the Trump administration against a major bank. The penalty, part of an expected settlement on Friday between the bank and two regulators, the Consumer Financial Protection Bureau and the Office of...

The New York Times

 •  April 15

If you woke up in a panic realizing that today is April 15, relax. You've got until Tuesday to file and pay your taxes without facing a penalty. April 15 falls on Sunday this year and Monday is Emancipation Day, a holiday in Washington D.C. That gives taxpayers nationwide until April 17 to get the job done. Procrastinators can take some solace in...

The New York Times

 •  April 11

Image There’s no such thing as a free lunch, but investing in a credit card rewards program can land you pretty close to the mark. Credit card points are generally more valuable than points or miles attached to a specific airline or hotel group. The reason? Flexibility. With a trove of credit card points, you can get flights, hotel rooms or even...

The New York Times

 •  April 11

NEW YORK — The Consumer Financial Protection Bureau spent more than $6,000 frosting the windows on the offices of senior staff in recent months, according to receipts and documents obtained by The Associated Press. The spending on window frosting comes only months after the CFPB moved into renovated offices at a cost of more than $240 million. The...

The New York Times

 •  April 10

The queasy truth at the heart of Facebook’s Cambridge Analytica scandal, which is so far the company’s defining disgrace of 2018, is that its genesis became scandalous only in retrospect. The series of events that now implicate Facebook began in 2014, in plain view, with a listing on Amazon’s Mechanical Turk service, where users can complete small...

The New York Times

 •  April 10

NEW YORK — In the 135 days since the Trump administration took control of the nation's consumer watchdog agency, it has not recorded a single enforcement action against banks, credit card companies, debt collectors or any finance companies whatsoever. That's likely no fluke: Mick Mulvaney, appointed acting director of the Consumer Financial...

The New York Times

 •  April 9

Christopher Deason stumbled upon the psychological questionnaire on June 9, 2014. He was taking a lot of online surveys back then, each one earning him a few dollars to help pay the bills. Nothing about this one, which he saw on an online job platform, struck him as “creepy or weird,” he said later. So at 6:37 that evening, Mr. Deason completed the...

The New York Times

 •  April 9

WASHINGTON — The top U.S. watchdog for consumer finance is seeking a record fine against Wells Fargo & Co that could exceed several hundred million dollars for auto insurance and mortgage lending abuses, according to three sources with knowledge of the plans. The penalty would be the first issued by Mick Mulvaney, whom President Donald Trump tapped...

The New York Times

 •  April 8

NEW YORK — Equifax announced last month that Mark Begor, a long-time financial industry executive, would take over as CEO of the company on April 16. Begor joins Equifax at a time when it's still recovering from last year's massive data breach that exposed the personal information of nearly 150 million Americans. The stolen information included...