The Fintech Times

NOVEMBER 4, 2024

US government agency, the Consumer Financial Protection Bureau (CFPB) has fined Florida-headquartered VyStar Credit Union $1.5million for failing to protect consumers during its ‘botched’ rollout of a new online banking system. million civil penalty to the CFPB’s victims relief fund. .

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Credit Union CFPB Consumer Financial Protection Bureau (CFPB) NCUA 57

PYMNTS

MAY 8, 2019

Credit union (CU) and bank trade groups are locked in another battle, this time arguing about oversight by the Consumer Financial Protection Bureau (CFPB). However, a joint letter from the American Bankers Association (ABA) and Consumer Bankers Association (CBA) is fighting back against Nussle’s request.

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CFPB NCUA Consumer Financial Protection Bureau (CFPB) Credit Union 43

PYMNTS

OCTOBER 12, 2016

The Consumer Finance Protection Bureau suffered a major blow in Federal Appeals Court yesterday when a three judge panel ruled that parts of its leadership structure are unconstitutional. appeal of the 2014 $109M financial penalty imposed by the CFPB. This decision was taken as part of mortgage lender’s PHH Corp.

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CFPB Rules FRB NCUA 60

Global Fintech & Digital Assets

JANUARY 12, 2024

Endnotes [1] The FFIEC members are the Board of Governors of the Federal Reserve System (FRB), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Consumer Financial Protection Bureau (CFPB), the National Credit Union Administration (NCUA), and the State Liaison Committee. [2]

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FFIEC Process FRB Consumer Financial Protection Bureau (CFPB) 52

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 11, 2017

Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending dropped. As one might expect after such a long and intense build-up, the reactions were also fairly intense from both sides.

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Rules CFPB NCUA Credit Union 43