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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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.

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PYMNTS

APRIL 24, 2019

The Consumer Financial Protection Bureau (CFPB) has announced changes to policies on Civil Investigative Demands (CIDs), which are investigational subpoenas issued by the CFPB. The Consumer Financial Protection Act of 2010 authorizes the CFPB to issue CIDs when looking into potential violations of the law.

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PYMNTS

MAY 10, 2017

Yet little is known about how well the lending market serves their financing needs,” CFPB Director Richard Cordray said in a statement announcing a formal request for information. This inquiry will help us learn how we can best fulfill our duty to collect and report information on small business lending.”.

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PYMNTS

JANUARY 24, 2018

The Consumer Financial Protection Bureau (CFPB) has dropped its investigation into World Acceptance Corp., ” “The CFPB noted it does not intend to recommend enforcement action,” the company said in a press release. .” which had been accused of taking advantage of low-income borrowers. states and Mexico.

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PYMNTS

JUNE 17, 2019

This past week saw the Consumer Financial Protection Bureau (CFPB) offer up highlights of Kathleen Kraninger’s six-month tenure as director. In addition, the CFPB published proposed rules to delay implementation and reconsider Mandatory Underwriting Provisions of the small dollar rule.

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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.

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