PYMNTS

JULY 11, 2017

The Consumer Financial Protection Bureau (CFPB) has handed down a controversial ruling stating companies cannot opt to use arbitration clauses in their contracts with consumers in a manner that keeps consumers from joining class action lawsuits. . And, as a result, higher fees for consumers levied by cautious lenders, when they lend at all?

CFPB 40

CFPB Rules Consumer Financial Protection Bureau (CFPB) Credit Cards 40

PYMNTS

JULY 15, 2016

It’s as quiet as a hot summer night, as the prepaid industry awaits the final ruling from the CFPB. And when it comes to the new rules, the CFPB mostly acknowledges that “blurriness” by treating the modern prepaid product and standard DDA account as essentially similar products. Who Uses Prepaid Anyway? So far, so good.

CFPB 40

CFPB Push-to-Card Rules Deposit Account 40

PYMNTS

AUGUST 22, 2016

Reality Check: The “P” In CFPB May Not Always Stand For Protect. Maybe CFPB Director Richard Cordray also has the power to shift the way that the Earth circles the sun and we just haven’t caught on yet. I chatted with CEO of the Network Branded Prepaid Card Association , Brad Fauss, about this issue not long ago.

Checks 41

Checks CFPB Bitcoin Payments 41

PYMNTS

SEPTEMBER 12, 2017

One week ago, the CFPB’s arbitration rule seemed more or less doomed to the scrap heap of financial regulatory history. The Comptroller of the Currency formally requested that the CFPB halt implementation of the rule while the OCC reviewed its effect on the banking industry.

CFPB 47

CFPB Rules Breach Disputes 47