CFPB unveils open banking proposal
Payments Dive
OCTOBER 20, 2023
The rule makes it easier for consumers to share deposit account and credit card data with fintechs, the Consumer Financial Protection Bureau said.
Payments Dive
OCTOBER 20, 2023
The rule makes it easier for consumers to share deposit account and credit card data with fintechs, the Consumer Financial Protection Bureau said.
PYMNTS
OCTOBER 29, 2020
The solution, which secured about 20,000 SMBs to pilot the technology in the last year, provides deposit account and payment solutions that aim to compete with traditional banks that, as CEO and Co-founder Eyal Lifshitz described, "nickel-and-dime" businesses. Its APIs also support account verification and payment capabilities.
PYMNTS
JANUARY 3, 2019
The Consumer Financial Protection Bureau (CFPB) announced on Thursday (Jan. In addition, USAA violated the Consumer Financial Protection Act of 2010 by reopening previously closed deposit accounts without authorization from customers, or prior notice. million in civil money penalty.
PYMNTS
NOVEMBER 9, 2016
According to an investigation by the CFPB, Wells Fargo employees not only made fake deposit accounts but also submitted 565,443 unauthorized credit card account applications on behalf of unknowing customers. It’s estimated that 14,000 of those accounts accrued $403,145 in fees.
PYMNTS
DECEMBER 13, 2016
According to an investigation by the CFPB, Wells Fargo employees not only made fake deposit accounts but also submitted 565,443 unauthorized credit card account applications on behalf of unknowing customers. It’s estimated that 14,000 of those accounts accrued $403,145 in fees.
PYMNTS
OCTOBER 13, 2016
According to an investigation by the CFPB, Wells Fargo employees not only made fake deposit accounts but also submitted 565,443 unauthorized credit card account applications on behalf of unknowing customers. It’s estimated that 14,000 of those accounts accrued $403,145 in fees.
PYMNTS
SEPTEMBER 9, 2016
The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency have levied the highest penalties ever on the leading U.S. Here are the numbers: $100 million | The amount that Wells Fargo has been fined by the CFPB. $85 bank, but this is not the first time that Wells Fargo has been taken to task.
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