Latest U.S. Consumer Financial Protection Bureau News

18% drop since 2020 in people with reported medical debt

Feb. 14, 2023 16:29 PM EST

WASHINGTON (AP) — The number of people with medical debt on their credit reports fell by 8.2 million — or 17.9% — between 2020 and 2022, according to a report Tuesday from the U.S. Consumer Financial Protection Bureau. White House officials said in a separate draft report that...

Apple and Google app stores get thumbs down from White House

Feb. 01, 2023 14:03 PM EST

WASHINGTON (AP) — The Biden administration is taking aim at Apple and Google for operating mobile app stores that it says stifle competition. The finding is contained in a Commerce Department report released by the administration on Wednesday as President Joe Biden convened his...

Wells Fargo 4Q profit falls by half but tops expectations

Jan. 13, 2023 16:40 PM EST

Wells Fargo’s profit for the fourth quarter came in ahead of Wall Street’s targets but were about half of what it earned last year as the bank had to pay another $3.3 billion in fines and penalties to settle numerous scandals from recent years. Wells earned $2.86 billion, or 67...