Global Fintech & Digital Assets

DECEMBER 18, 2023

By Jenny Cieplak , Parag Patel , Barrie VanBrackle , and Deric Behar On November 7, 2023, the Consumer Financial Protection Bureau (CFPB) proposed a rule, Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications (the Proposal), to supervise large providers of digital wallets and payment apps.

CFPB 75

CFPB Regulations Consumer Financial Protection Bureau (CFPB) Non-Bank 75

PYMNTS

AUGUST 18, 2016

Not steep enough to deter all bad actors, it seems – as the CFPB has recently spent time using some unusual tactics to expose redlining where it still exists. The CFPB interprets that as meaning they can’t seek personal information from government officials by the use of employees working undercover.

CFPB 40

CFPB Law Enforcement Laws Request for Information 40

FICO

JANUARY 18, 2023

With only 8% of respondents reporting that their AI strategies are fully mature, and model development standards consistently scaled, it’s clear to me that the industry is on a bullet train to serious financial, legal and reputational fallout from misguided and otherwise incorrect use of this powerful technology.

AI 52

AI Regulatory Compliance Regulations Compliance 52

PYMNTS

MARCH 5, 2018

Securities and Exchange Commission issued scores of subpoenas and Requests for Information (RFIs) focused on initial coin offerings (ICOs). And in the legal/regulatory world, where there’s concern, there are often subpoenas. Turning to the CFPB…. And so, the SEC might be shorthand for “Scare Every Cryptocurrency Firm.”.

Consumer Financial Protection Bureau (CFPB) 49

Consumer Financial Protection Bureau (CFPB) Request for Information Bitcoin Cryptocurrency 49