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Consumer Financial Protection Bureau (CFPB) Related Topics 
Fintech Finance
JULY 15, 2024
Regulatory clarity and consistent standards are critical for providers offering safe, transparent and responsible financial services and even more important for consumers who expect protections when utilizing financial services including Buy Now Pay Later,” said Phil Goldfeder, Chief Executive Officer of AFC.
Finextra
AUGUST 14, 2024
Responding to a call from the US Treasury, the Consumer Financial Protection Bureau (CFPB) and the American Fintech Council (AFC) have both weighed in on the use of AI in financial services.
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.
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.
Finextra
JUNE 13, 2024
The Consumer Financial Protection Bureau (CFPB) has set out plans to remove medical bills from most credit reports
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.
Finextra
MAY 17, 2024
The US Supreme Court has rejected an attempt to undercut the funding of the Consumer Financial Protection Bureau (CFPB).
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.
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. (..)
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.
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.
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.
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).
The Paypers
JULY 22, 2024
The Consumer Financial Protection Bureau (CFPB) has suggested an interpretive rule to ensure that lenders’ legal obligations to disclose the costs of paycheck advance products are met.
The Paypers
MAY 22, 2024
The Consumer Financial Protection Bureau ( CFPB ) has issued an interpretive rule to ensure federal control over Buy Now, Pay Later (BNPL) returns and disputes in the US.
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).
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.
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.
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.
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.
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).
Axway
JANUARY 26, 2023
A recent announcement from Director Chopra of the Consumer Financial Protection Bureau (CFPB) openly declares the coming of a U.S. open banking rule, representing a significant shift in the financial services landscape. The announcement recognizes the importance of common standards …
The Paypers
OCTOBER 20, 2023
The Consumer Financial Protection Bureau (CFPB) has proposed a Personal Financial Data Rights rule set to expedite the shift to Open Banking in the US and jumpstart competition.
Finovate
JUNE 6, 2024
Late last month, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule stating that Buy Now, Pay Later (BNPL) lenders are credit card providers. For those unfamiliar with the matter, summarize the CFPB’s recent ruling on BNPL.
The Paypers
JANUARY 20, 2023
The Consumer Financial Protection Bureau (CFPB) has addressed patterns and other tricks companies use to confuse and deceive consumers enrolled in subscriptions.
The Paypers
OCTOBER 27, 2022
The US Consumer Financial Protection Bureau (CFPB) has announced it will move forward with an Open Banking rule.
The Paypers
DECEMBER 20, 2021
The US Consumer Financial Protection Bureau (CFPB) has announced that it’s launching a probe against five companies offering Buy Now, Pay Later (BNPL) services.
The Paypers
AUGUST 4, 2022
Eight US national trade groups have petitioned the Consumer Financial Protection Bureau (CFPB) to initiate a rulemaking to strengthen the privacy and security of consumer financial data held by fintechs, bigtech, and data aggregators, the official press release states.
PYMNTS
DECEMBER 23, 2020
Santander Consumer USA was ordered to pay $4.7 million to the Consumer Financial Protection Bureau ( CFPB ) for violating the Fair Credit Reporting Act (FCRA), the CFPB said in a press release.
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The Fintech Times
JULY 15, 2024
The American Fintech Council , the industry association representing responsible fintech companies and innovative banks, has welcomed new recommendations regarding buy now, pay later (BNPL) but warns that providers need more time to ensure compliance.
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Innovative Payments Association
JULY 8, 2024
The Consumer Financial Protection Bureau (CFPB) is the primary enforcement agency for Regulation E, and it has been cracking down on violations in recent years. For companies in the payments industry, understanding and complying with Regulation E is crucial to avoid costly enforcement actions and penalties.
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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.
The Paypers
OCTOBER 11, 2021
The US Consumer Financial Protection Bureau (CFPB) has issued new technical specifications for the credit card agreement submission process.
PYMNTS
DECEMBER 23, 2020
The Consumer Financial Protection Bureau (CFPB) has settled with student loan servicers Discover Bank , The Student Loan Corporation and Discover Products (collectively Discover) in a 2015 case for unlawful practices, and Discover will have to pay $10 million in customer redress, a press release says.
114 
PYMNTS
APRIL 13, 2020
The Consumer Financial Protection Bureau (CFPB) has made it easier for people to access stimulus CARES Act funds by removing some of the legal barriers barring banks from issuing the payments through prepaid accounts, according to a press release.
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.
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The Fintech Times
MAY 22, 2024
The Consumer Financial Protection Bureau (CFPB), a US government agency responsible for protecting consumers in the financial sector, has ruled that buy now, pay later (BNPL) lenders must treat consumers as credit card providers do, ensuring they receive the same key protections.
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Neopay
MAY 28, 2024
Consumer Financial Protection Bureau (CFPB) issued a new interpretation under the existing Truth in Lending Act.
52 
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.
97 
PYMNTS
NOVEMBER 29, 2020
Names for top posts are emerging amid intense scrutiny of Biden' s picks from leaders in sectors such as financial services that are likely to face new scrutiny under a new president. The Consumer Financial Protection Bureau (CFPB) is among agencies being watched most closely, PYMNTS reported.
The Paypers
SEPTEMBER 16, 2019
(The Paypers) The Consumer Financial Protection Bureau (CFPB) and various state regulators have announced the launch of the American Consumer Financial Innovation Network (ACFIN).
NFCW
NOVEMBER 27, 2023
The US Consumer Financial Protection Bureau (CFPB) is proposing to subject large non-bank companies that offer consumer finance services including digital wallets and payment apps – such as Apple and Google – to the same regulatory scrutiny and oversight as banks, credit unions and other financial institutions.
PYMNTS
JANUARY 21, 2021
Biden Asks Consumer Protection Chief Kraninger To Step Down. Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger handed in her resignation Wednesday (Jan. 20) at the request of U.S. President Joe Biden, newly sworn in as the 46th U.S. president.
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PYMNTS
DECEMBER 4, 2019
In today’s payments news, the Consumer Financial Protection Bureau (CFPB) has proposed to boost the number of smaller banks and credit unions (CUs) that would not be governed by rules tied to international money transfers. CFPB Proposal On Remittances Offers Exemptions For Banks, CUs.
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