Capital One bank sued...

superchuck500 said

Newsflash: Capital One gets sued a lot.

But this one is by the CFPB, so it’s probably got legs.

Click to expand...

This is my jam.

I work in banking regulations/law and with the CFPB on many initiatives. Most recently Section 1033, Open Banking.

Commercial banks are commonly cited for violations. Wells is another repeat offender.

Credit bureaus are also regularly hit with enforcement action.

It's no secret that the bigger the entity, the more gaps they'll have in their compliance management systems.