PYMNTS

JULY 20, 2018

.” The publication likened the disclosure requirements to existing rules that require consumer lenders to disclose APRs under the federal Truth in Lending Act and Regulation Z. According to the article’s authors, Thomas R. McMorrow and Charles E. Washburn, Jr., ”

Consumer Financial Protection Bureau (CFPB) 40

Consumer Financial Protection Bureau (CFPB) Small Business CFPB Rules 40

PYMNTS

JANUARY 16, 2018

Tribal lenders have even fought the CFPB’s demand for records at various times, on the argument that sovereign immunity also frees them from supervision by the Bureau. Genuine tribal businesses are entitled to ‘tribal immunity,’ meaning they can’t be sued. This is a fight about tribal sovereignty,” Durocher said.

Laws 47

Laws Regulations CFPB On-Demand 47

Clearly Payments

FEBRUARY 8, 2024

Consumer Financial Protection Bureau (CFPB): Established in response to the 2008 financial crisis, the CFPB is tasked with protecting consumers in the financial marketplace. Regulatory efforts focus on safeguarding consumer data privacy and security while fostering innovation and competition.

Regulations 85

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 85

Finovate

DECEMBER 13, 2023

the Consumer Financial Protection Bureau (CFPB) has been studying the BNPL industry since at least late 2021. At this point, much of the CFPB’s impact on BNPL has been minimal. There has some concern at the state level , with state attorneys general voicing consumer protection warnings. In the U.S.,

Regulations 64

Regulations BNPL Consumer Financial Protection Bureau (CFPB) FinTech 64

PYMNTS

JUNE 29, 2020

Consumer Finance Protection Bureau ( CFPB )’s legality, the U.S. president has the power to remove a sitting CFPB director during the agency chief’s six-year term. The ruling marks a final decision for an issue that has made various trips through the courts to determine whether the CFPB as formulated was constitutional.

CFPB 97

CFPB Rules Federal Reserve Laws 97

Innovative Payments Association

FEBRUARY 28, 2024

I am not here to criticize the seemingly more aggressive approach the Consumer Financial Protection Bureau (CFPB) has taken during the last year, nor will I use this opportunity to question the substance of the myriad proposals the CFPB has released during the past six months.

Participant 52

Participant Innovation CFPB Consumer Financial Protection Bureau (CFPB) 52

PYMNTS

APRIL 11, 2018

In his first semiannual report to Congress, Mick Mulvaney said he is taking a narrow approach to running the Consumer Financial Protection Bureau (CFPB). It is beyond comprehension to give a single director nearly unilateral authority over every consumer and financial institution in the country.

CFPB 40

CFPB Consumer Financial Protection Bureau (CFPB) Continuity Federal Reserve 40

FICO

DECEMBER 15, 2020

For the past several years, industry has been anxiously waiting for the FCC to clarify one of the most unsettled areas of the now antiquated, nearly three decades old Telephone Consumer Protection Act. If my prediction is on the mark, 2021 should be one where improved customer communications will fuel stronger customer engagement.

BSA 52

BSA Suspicious Activity Report (SAR) Financial Inclusion AML 52

PYMNTS

OCTOBER 31, 2016

We have a newly emboldened and still unfettered CFPB director in the wake of the Wells Fargo debacle. Under the rubric of consumer protection, Director Cordray will press hard for change until he’s no longer “concerned.” Clinton has come out strongly in favor of the CFPB and the job that Director Cordray is doing.

CFPB 76

CFPB API Regulations Consumer 76

PYMNTS

SEPTEMBER 19, 2016

Wells Fargo — faced with $185 million in fines from the CFPB and the Office of the Comptroller of Currency over the public revelation of the fraudulent creation of over 2 million accounts — has arguably won the award for worst day at a bank in 2016. Led by consumer protection advocate Sen. Ready for the full story?

EMV 58

EMV Chip Cards CHIPS Push-to-Card 58

PYMNTS

DECEMBER 5, 2017

The CRA has already been used against a CFPB final rule in 2018. The arbitration rule , which would have prevented forced arbitration clauses from being inserted into consumer financial contracts, was overturned by the successful passage of a CRA resolution in both the House of Representatives and Congress. A Bipartisan Effort.

CFPB 40

CFPB Rules Blocks Consumer 40

FICO

JULY 17, 2017

These include eliminating the proprietary trading restrictions of the ‘Volcker’ Rule, major changes to the Financial Stability Oversight Council and the diminished authority and independence of the Consumer Financial Protection Bureau (CFPB). And now there is even more on Congress’s plate.

Consumer Financial Protection Bureau (CFPB) 40

Consumer Financial Protection Bureau (CFPB) CFPB Office of the Comptroller of the Currency Financial Crimes 40

PYMNTS

JANUARY 3, 2017

If asked in September about what kind of year 2017 was going to be, CFPB officials most likely would have spoken mostly about their ongoing plans to make the world a better place for consumers. 8 when Donald Trump — an avowed opponent of Dodd-Frank, which gave the CFPB its life — actually won the White House.

CFPB 41

CFPB Federal Reserve FTC Reconciliation 41

PYMNTS

MARCH 7, 2017

Any quick survey of the comments from House or Senate members after a meeting about the CFPB or the financial regulatory structure in general will likely tell a story of two dueling realities. The CFPB’s structure works — just look at the critical role CFPB played in holding Wells Fargo accountable for customer abuses.

Regulations 55

Regulations CFPB Governance Government 55