Fresh Today

Fresh Today

WASHINGTON–Trade groups representing credit unions and banks have sent a letter to the Senate calling for the implementation of a five-person bipartisan commission at the Consumer Financial Protection Bureau (CFPB).

WASHINGTON—In the wake of the Wells Fargo scandal, the CFPB has issued a bulletin warning financial institutions that incentive-based programs for employees and service providers, such as those used for meeting goals, can lead to consumer harm if they are not properly managed.