#CFPB

#CFPB

Warren also noted that some consumers were unable to make payments on balances still held at Wells Fargo or had balances transferred to new cards without authorization. The letter outlines mounting scrutiny over Bilt's transition away from Wells Fargo, which began issuing Bilt's credit card in 2022 under a partnership that had originally been expected to last through 2029.

The Consumer Financial Protection Bureau - a federal watchdog - announced that on February 13, checks began going out in the mail to student-loan borrowers who qualified for a portion of the settlement the agency reached with major lender Navient in 2024. The settlement resolved claims from a 2017 lawsuit that accused the servicer of misleading borrowers about their repayment plan options, leaving them "cheated" out of lower monthly payments.

The NAMB advocates for a return to common-sense regulatory approaches that distinguish abusive behavior from today's transparent and consumer-focused lending models.