Open Banking Excellence

OCTOBER 6, 2023

Your guide to the Consumer Financial Protection Bureau's (CFPB) imminent proposals for a new regulatory framework governing “Personal Financial Data Rights” The US will propose a new “Open Banking Rule” this year which will set the foundations for an ecosystem with the potential to become the largest in the world.

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Consumer Financial Protection Bureau (CFPB) Rules CFPB Finance 130

Finextra

JUNE 5, 2024

The Consumer Financial Protection Bureau (CFPB) has taken another step designed to promote open banking in the US, finalising a rule for recognising data sharing standards and preventing incumbents from "squelching" startups.

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Consumer Financial Protection Bureau (CFPB) CFPB Consumer Rules 72

Finextra

JUNE 13, 2024

The Consumer Financial Protection Bureau (CFPB) has set out plans to remove medical bills from most credit reports

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Fintech Finance

JULY 19, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act.

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CFPB Rules Product Consumer Financial Protection Bureau (CFPB) 105

Finextra

AUGUST 5, 2024

JPMorgan Chase is considering taking legal action against the Consumer Financial Protection Bureau (CFPB) over an ongoing probe into the abuse of Zelle payments by scammers.

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Consumer Financial Protection Bureau (CFPB) Zelle Legal CFPB 78

Fintech Finance

MAY 24, 2024

The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. Accordingly, Buy Now, Pay Later lenders must provide consumers some key legal protections and rights that apply to conventional credit cards.

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Disputes CFPB Consumer Financial Protection Bureau (CFPB) Consumer 97

Finextra

MAY 17, 2024

The US Supreme Court has rejected an attempt to undercut the funding of the Consumer Financial Protection Bureau (CFPB).

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Finextra

JANUARY 24, 2024

America's Consumer Financial Protection Bureau (CFPB) has proposed a rule that would stop banks charging non-sufficient fund fees for transactions that are declined in real time.

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Consumer Financial Protection Bureau (CFPB) CFPB Non-Bank Rules 59

The Paypers

JUNE 10, 2024

The Consumer Financial Protection Bureau ( CFPB ) has finalised a rule detailing the requirements for becoming a recognised industry standard-setting body.

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Consumer Financial Protection Bureau (CFPB) CFPB Rules Consumer 57

Finextra

MARCH 12, 2024

The US Chamber of Commerce has filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) to stop it from implementing a rule to limit late credit card fees.

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Consumer Financial Protection Bureau (CFPB) CFPB Credit Cards Rules 60

The Fintech Times

DECEMBER 9, 2024

Google has filed a legal challenge against the US Consumer Financial Protection Bureau (CFPB), the agency responsible for overseeing consumer finance, after it placed Google Payment Corp., This development marks the second time the CFPB has issued a contested supervisory designation.

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Consumer Financial Protection Bureau (CFPB) CFPB Regulations Legal 75

Finextra

MAY 22, 2024

The Consumer Financial Protection Bureau (CFPB) today sued the online lending platform SoLo Funds for deceiving borrowers about the total cost of loans.

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Axway

NOVEMBER 22, 2022

Consumer Financial Protection Bureau (CFPB) has just announced the coming of a new U.S. The aim is to solidify personal financial data … The director of the?Consumer open banking rule , accelerating the move toward open banking in North America.

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Consumer Financial Protection Bureau (CFPB) Rules CFPB Consumer 72

Finextra

OCTOBER 18, 2024

The Consumer Financial Protection Bureau (CFPB) has announced its suit against Climb Credit and its largest shareholder 1/0 for misrepresenting the quality of its training programmes at partner schools.

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The Fintech Times

JANUARY 3, 2024

The American Fintech Council (AFC) has submitted its response to the Consumer Financial Protection Bureau (CFPB) on its open banking proposal. The CFPB proposed a change on personal financial data rights implementing Section 1033 of the Dodd-Frank Act. wrote Ian P.

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CFPB Consumer Financial Protection Bureau (CFPB) FinTech Underserved 69

Electronic Payments Coalition

MAY 9, 2024

The Electronic Payments Coalition fact-checked a politically motivated report focused on credit card reward programs issued by the Consumer Financial Protection Bureau (CFPB). EPC’s fact-check of the CFPB’s report is copied below.

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Consumer Financial Protection Bureau (CFPB) CFPB Credit Cards Checks 52

PYMNTS

OCTOBER 29, 2020

CFPB Seeks Open Banking Guidance. Recent Business Insider reports said the Consumer Financial Protection Bureau (CFPB) is seeking guidance on providing consumers with access to their financial records in what analysts say could hint at the development of open banking rules in the U.S.

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CFPB Consumer Financial Protection Bureau (CFPB) Payment APIs and Integration Financial Crimes 81

PYMNTS

SEPTEMBER 18, 2019

In a civil investigation that recently came to light, the Consumer Financial Protection Bureau (CFPB) is looking into Bank of America as part of a probe that came out of the phony accounts scandal at Wells Fargo. In July, CFPB Director Kathleen Kraninger denied the petition.

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CFPB Credit Cards Consumer Financial Protection Bureau (CFPB) Regulations 69

PYMNTS

DECEMBER 16, 2016

The Consumer Financial Protection Bureau (CFPB) announced Thursday (Dec. 15) the launch of Consumer Credit Trends, a web-based tool to help consumers monitor developments in consumer lending and to ascertain potential future risks.

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CFPB Credit Cards Consumer Financial Protection Bureau (CFPB) Risk Management 64

Finextra

JULY 15, 2024

The American Fintech Council (AFC), the fastest growing premier industry association representing responsible fintech companies and innovative banks, submitted its response to the Consumer Financial Protection Bureau (CFPB) on the proposed Interpretive Rule and Request for Comment on the Use of Digital User Accounts to Access Buy Now, Pay Later Loans. (..)

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Consumer Financial Protection Bureau (CFPB) CFPB Rules Request for Comment 52

PYMNTS

JULY 20, 2020

The Consumer Financial Protection Bureau (CFPB) has recorded record-high numbers of complaints every month since the pandemic hit in mid-March, according to a press release from the U.S. The CFPB was off to a good start after the last economic crisis,” said Mike Litt , U.S. PIRG Education Fund.

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CFPB Consumer Financial Protection Bureau (CFPB) Consumer Identity Theft 64

The Paypers

AUGUST 19, 2024

The Consumer Financial Protection Bureau (CFPB) has released a comment regarding the uses, capabilities, and risks associated with artificial intelligence (AI) in the financial services industry.

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Consumer Financial Protection Bureau (CFPB) CFPB AI Risk 48

PYMNTS

SEPTEMBER 11, 2019

A network to better coordinate financial innovation among federal and state regulators is being launched by the Consumer Financial Protection Bureau (CFPB) in partnership with several states, the agency said in a press release. State regulators in every state were invited to join. .

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CFPB Consumer Financial Protection Bureau (CFPB) Regulations Innovation 68

PYMNTS

NOVEMBER 3, 2020

If data is the oil that brings change to financial services, the pipelines are increasingly under scrutiny. Late last week, the Consumer Financial Protection Bureau (CFPB) said it will look to issue advance notice of proposed rulemaking on “open banking” by the end of this year. Beyond the Comment Period.

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CFPB Consumer Financial Protection Bureau (CFPB) Rules Authorization 79

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. Kathy Kraninger, the director of the U.S. The court seemed to be leaning toward the removal of any restriction.

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CFPB Consumer Financial Protection Bureau (CFPB) Laws Authorization 62

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.

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CFPB Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency Accounts 67

Finextra

MARCH 5, 2024

The Consumer Financial Protection Bureau (CFPB) finalized a rule today to cut excessive credit card late fees by closing a loophole exploited by large card issuers.

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Consumer Financial Protection Bureau (CFPB) CFPB Credit Cards Caps 45

PYMNTS

MARCH 29, 2018

consumers in 2016, according to a report from the Consumer Financial Protection Bureau (CFPB) on the impact of bouncing checks in American finance. All told, the CFPB estimates $15 billion was charged by large banks, small banks and credit unions. Overdraft fees increased 2.2 billion going to U.S.

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The Paypers

JANUARY 18, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed a rule to curb excessive overdraft fees charged by large financial institutions.

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Consumer Financial Protection Bureau (CFPB) CFPB Rules Consumer 45

PYMNTS

MARCH 10, 2020

In today’s top payment news, retail remains a bright spot in the markets, Ant Financial has rolled out a strategy for digital evolution in China, and the Consumer Financial Protection Bureau (CFPB) filed a suit against a Cincinnati-based bank. Fifth Third Bank Sued By CFPB Over Fake Accounts.

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Consumer Financial Protection Bureau (CFPB) CFPB Contactless Payments Online and Mobile Banking 79

Finextra

DECEMBER 4, 2024

The Board of Governors of the Federal Reserve System (FRB), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement Network (FinCEN), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), and state financial regulators issued a joint statement this (..)

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PYMNTS

FEBRUARY 6, 2020

House Committee on Financial Services, Maxine Waters , told the head of the Consumer Financial Protection Bureau (CFPB), Kathy Kraninger , that the organization needs to do better. The rebuke came from prepared remarks delivered at a committee hearing called “Protecting Consumers or Allowing Consumer Abuse?

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BioCatch

MAY 31, 2024

As of the October term of 2023, the United States Supreme Court had taken on an appeal of a decision to review a possible constitutional conflict in the interpretation of the funding mechanism for the Consumer Financial Protection Bureau (CFPB).

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The Paypers

DECEMBER 19, 2024

The Consumer Financial Protection Bureau (CFPB) has announced a series of measures aimed at addressing illegal credit card practices and reducing financial burdens.

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Consumer Financial Protection Bureau (CFPB) CFPB Credit Cards Addressing 36

The Paypers

JULY 24, 2024

Lease-to-own solutions provider Acima , a subsidiary of Upbound , has announced its decision to file a lawsuit against the US Consumer Financial Protection Bureau (CFPB).

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PYMNTS

APRIL 25, 2019

The Consumer Financial Protection Bureau (CFPB) announced Thursday (April 25) that it has issued a request for information on its remittance rule, which had faced calls by the Credit Union National Association for revision. CUNA wants the threshold raised to at least 1,000.

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CFPB Rules Consumer Financial Protection Bureau (CFPB) Request for Information 59

PYMNTS

JUNE 20, 2017

Prepaid card rules have been under fire ever since the Consumer Financial Protection Bureau (CFPB) put out its new regulations back in October 2016. As such, the CFPB has put out new regulations and is welcoming comments.

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CFPB Consumer Financial Protection Bureau (CFPB) Rules Debit Card 50