2010, CFPB and Laws - Payments Space

CFPB Director Wants To Pay Whistleblowers

PYMNTS

MARCH 6, 2020

Consumer Financial Protection Bureau (CFPB), has asked Congress for the ability to pay whistleblowers in an attempt to incentivize them to speak out, according to a report by Reuters. We want to incentivize whistleblowers to contact us if they believe their employer is not complying with the law,” the agency said.

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Laws Authorization

Fifth Third Bank Sued By CFPB Over Fake Accounts

PYMNTS

MARCH 10, 2020

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Cincinnati-based Fifth Third Bancorp alleging that employees opened accounts for customers without their consent in an effort to reach sales targets, according to reports on Tuesday (March 10). The CFPB filed a complaint with the U.S.

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency Accounts

CFPB Updates Policy For Civil Investigative Demands

PYMNTS

APRIL 24, 2019

The Consumer Financial Protection Bureau (CFPB) has announced changes to policies on Civil Investigative Demands (CIDs), which are investigational subpoenas issued by the CFPB. The Consumer Financial Protection Act of 2010 authorizes the CFPB to issue CIDs when looking into potential violations of the law.

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Laws Request for Information

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CFPB Action Against Equifax Imminent

PYMNTS

SEPTEMBER 25, 2017

Because Equifax is not strictly a financial company, there was uncertainty over whether the CFPB has the power to penalize the firm for the breach. But legal experts said it is likely to weigh in using powers it wields under the 2010 Dodd-Frank Act. Last week, U.S.

CFPB

CFPB UDAAP Federal Trade Commission Breach

Banks Line Up To Challenge CFPB

PYMNTS

MAY 8, 2017

Things are getting tougher for the Consumer Financial Protection Bureau (CFPB) under the new political administration. More banks are now willing to challenge CFPB enforcement actions, said The Wall Street Journal. This already exceeds the total number of challenges the CFPB saw across 2016. The controversial U.S.

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Authorization Consumer Protection

US High Court Considers CFPB’s Fate

PYMNTS

MARCH 3, 2020

president has the authority to fire the leader of the Consumer Financial Protection Bureau (CFPB), which was formed after the financial crisis, according to the Financial Times. The CFPB was founded in 2010. he said about the potential conflict between the president’s cabinet and the CFPB.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Federal Trade Commission Federal Reserve

Judge Puts Kibosh On CFPB’s Attempts To Investigate College-Accrediting Firm

PYMNTS

APRIL 22, 2016

A federal judge has ruled that the CFPB has overstepped its authority in its attempts to investigate an organization that accredits for-profit colleges. The CFPB has faced (and is facing) a variety of court challenges, but this marks the first time a judge has officially ruled the agency guilty of overstepping. Judge Leon wrote. “As

Accreditation

Accreditation CFPB Rules Authorization

Average Credit Scores Hit Record High As Credit Card Balances Drop

PYMNTS

JANUARY 7, 2021

To put the latest move into perspective, Experian said 2020’s larger-than-usual annual increase accounted for one-third of the total improvement in scores seen since 2010, which have inched higher in 9 of 10 years.

Credit Cards

Credit Cards Consumer Financial Protection Bureau (CFPB) Federal Reserve CFPB

In Europe, Single Data Market Looms?

PYMNTS

FEBRUARY 3, 2020

As noted by the news outlet, the government will leverage existing antitrust law, and any fines or regulatory actions tied to the new mandates would be the purview of the Fair Trade Commission (FTC). CFPB Files Suit Against Citizens Bank. Digital Currencies, Too. million credit card customers. million credit card customers.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Digital Currency Central Bank

High Court: President Has Authority To Fire Consumer Agency Chief

PYMNTS

JUNE 29, 2020

Supreme Court has struck down a key feature of the Consumer Financial Protection Bureau (CFPB) that limited presidential authority to fire the agency’s chief. The ruling, in the case of Selia Law v. The creation of the CFPB in 2010, by now-U.S. Elizabeth Warren (D-Mass.),

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Authorization CFPB Consumer

Ten Years On, Banking’s Post-Crisis Evolution

PYMNTS

SEPTEMBER 13, 2018

The capital structure strengthening has come amid regulations that are commonly known as Basel , which stem from a global framework stretching back to 2010, and which outline capital adequacy, liquidity risk and stress testing. Dodd-Frank was signed into law in 2010 against a backdrop that saw inflation at about 9.9

Posting

Posting Consumer Financial Protection Bureau (CFPB) CFPB Regulations

PYMNTS - Untitled Article

PYMNTS

SEPTEMBER 13, 2018

The capital structure strengthening has come amid regulations that are commonly known as Basel , which stem from a global framework stretching back to 2010, and which outline capital adequacy, liquidity risk and stress testing. Dodd-Frank was signed into law in 2010 against a backdrop that saw inflation at about 9.9

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Regulations Returns

CFPB Changes Expected As Biden Administration Settles In

PYMNTS

JANUARY 19, 2021

As reported, President-elect Joe Biden nominated Rohit Chopra , a commissioner at the Federal Trade Commission (FTC), to lead the Consumer Financial Protection Bureau (CFPB), replacing Kathy Kraninger as director (who remains in her post in a term that technically runs through 2023, but is likely to be replaced by Biden).

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Federal Trade Commission FTC

The CFPB Comes Out Swinging In 2017

PYMNTS

JANUARY 24, 2017

House Republicans have spent most of their waking hours not dedicated to hating the ACA on hating the CFPB for the last several years. Of course, depending on what happens with a new report put together by the Republican staffers of the House Financial Services Committee, that end date may be a bit sooner than the CFPB is currently thinking.

CFPB

CFPB Underwriting Enrollments Laws

Banking Regulation Predictions 2018: U.S. Reform Takes Off

FICO

JANUARY 4, 2018

While there have been more wide-sweeping proposals introduced in Congress during the past six years, this bill provides a range of changes to the 2010 law that include providing relief to small and mid-size banks. With new leadership at the CFPB, the Bureau’s rulemaking agenda is under review.

Regulations

Regulations CFPB Rules Treasury

CFPB Director Wants To Pay Whistleblowers

Fifth Third Bank Sued By CFPB Over Fake Accounts

CFPB Updates Policy For Civil Investigative Demands

Webinars

CFPB Action Against Equifax Imminent

Banks Line Up To Challenge CFPB

US High Court Considers CFPB’s Fate

Judge Puts Kibosh On CFPB’s Attempts To Investigate College-Accrediting Firm

Average Credit Scores Hit Record High As Credit Card Balances Drop

In Europe, Single Data Market Looms?

High Court: President Has Authority To Fire Consumer Agency Chief

Ten Years On, Banking’s Post-Crisis Evolution

PYMNTS - Untitled Article

CFPB Changes Expected As Biden Administration Settles In

The CFPB Comes Out Swinging In 2017

Banking Regulation Predictions 2018: U.S. Reform Takes Off

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