Wells Fargo's recent victory in lifting the asset cap imposed by the Fed signals a turnaround for the bank, allowing for expansion in key areas. CEO Charlie Scharf celebrates this pivotal milestone as shares rise 2.7% in after-hours trading.
In a controversial decision, the Trump-endorsed Treasury Department announces the suspension of anti-money laundering law enforcement, affecting millions of businesses. This move has sparked debate over financial regulations and transparency.
In a dramatic shift, the CFPB's leadership plans to terminate nearly all employees, with insiders revealing a phased layoff strategy. What does this mean for consumer protection?
