This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
The ConsumerFinancialProtectionBureau (CFPB) has hit UK-based remittance company Wise with about a $2 million fine for what it described as a series of illegal actions. Those actions include advertising inaccurate fees and failing to properly disclose exchange rates and other costs, the CFPB alleges.
The ConsumerFinancialProtectionBureau (CFPB) is currently working toward finalizing its proposed Personal Financial Data Rights rule under Section 1033 of the Dodd-Frank Act, but the lack of formalized standards has created uncertainty for data aggregators like Plaid.
Google has filed a legal challenge against the US ConsumerFinancialProtectionBureau (CFPB), the agency responsible for overseeing consumer finance, after it placed Google Payment Corp., the companys payment arm, under federal supervision.
The ConsumerFinancialProtectionBureau (CFPB) has approved the Financial Data Exchange (FDX) as the first standard-setting body in an important step towards implementing open banking in the US.
Responding to a call from the US Treasury, the ConsumerFinancialProtectionBureau (CFPB) and the American Fintech Council (AFC) have both weighed in on the use of AI in financial services.
The ConsumerFinancialProtectionBureau (CFPB) has finalised a rule that will see it supervise tech giants such as Apple and Google that offer digital payment apps and wallets.
The ConsumerFinancialProtectionBureau (CFPB), the consumerprotection agency in the US, has hit Equifax with a $15million fine, after it found that the nationwide consumer reporting agency failed to conduct proper investigations of consumer disputes.
JPMorgan Chase is considering taking legal action against the ConsumerFinancialProtectionBureau (CFPB) over an ongoing probe into the abuse of Zelle payments by scammers.
Santander Consumer USA was ordered to pay $4.7 million to the ConsumerFinancialProtectionBureau ( CFPB ) for violating the Fair Credit Reporting Act (FCRA), the CFPB said in a press release.
Your guide to the ConsumerFinancialProtectionBureau'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.
On January 30, the US ConsumerFinancialProtectionBureau (CFPB) imposed a US$2 million civil penalty on Wise, alongside $450,000 in customer compensation, for inaccurately advertising its fees and failing to adequately disclose exchange rates and other charges. Wise has been ordered to pay nearly US$2.5
The ConsumerFinancialProtectionBureau (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.
ConsumerFinancialProtectionBureau (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 ConsumerFinancialProtectionBureau (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 ConsumerFinancialProtectionBureau (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.
million penalty from the ConsumerFinancialProtectionBureau (CFPB) for misleading customers about fees and charges. Money transfer platform Wise has been hit with a $2.5
The ConsumerFinancialProtectionBureau (CFPB) has sued credit reporting agency Experian for unlawfully failing to properly investigate consumer disputes and showing uncritical deferrence to institutional submissions.
The ConsumerFinancialProtectionBureau ( CFPB ) has finalised a rule detailing the requirements for becoming a recognised industry standard-setting body.
The recent Republican sweep of the White House and Congress has sparked debates about deregulation and reshaping financial oversight. However, industry leaders must temper their expectations. History shows that even in a politically aligned government, regulatory shifts are rarely straightforward or absolute.
The US Chamber of Commerce has filed a lawsuit against the ConsumerFinancialProtectionBureau (CFPB) to stop it from implementing a rule to limit late credit card fees.
America's ConsumerFinancialProtectionBureau (CFPB) has proposed a rule that would stop banks charging non-sufficient fund fees for transactions that are declined in real time.
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 ConsumerFinancialProtectionBureau (CFPB) filed a suit against a Cincinnati-based bank. Fifth Third Bank Sued By CFPB Over Fake Accounts.
A recent announcement from Director Chopra of the ConsumerFinancialProtectionBureau (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 …
million penalty from the ConsumerFinancialProtectionBureau (CFPB) for misleading customers about fees and charges. Money transfer platform Wise has been hit with a $2.5
Today, the ConsumerFinancialProtectionBureau (CFPB) took action against Equifax, the nationwide consumer reporting agency, for its failure to conduct proper investigations of consumer disputes.
The ConsumerFinancialProtectionBureau (CFPB) has announced its suit against Climb Credit and its largest shareholder 1/0 for misrepresenting the quality of its training programmes at partner schools.
Today, the ConsumerFinancialProtectionBureau (CFPB) sued Capital One, N.A., and its parent holding company, Capital One Financial Corp., for cheating millions of consumers out of more than $2 billion in interest.
Today, the ConsumerFinancialProtectionBureau (CFPB) released a study of Buy Now, Pay Later (BNPL) borrowers, finding that more than one-fifth of consumers with a credit record used BNPL loans in 2022, with most of those consumers having subprime or deep subprime credit scores.
The Board of Governors of the Federal Reserve System (FRB), ConsumerFinancialProtectionBureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement Network (FinCEN), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), and state financial regulators issued a joint statement this (..)
The American Fintech Council (AFC), the fastest growing premier industry association representing responsible fintech companies and innovative banks, submitted its response to the ConsumerFinancialProtectionBureau (CFPB) on the proposed Interpretive Rule and Request for Comment on the Use of Digital User Accounts to Access Buy Now, Pay Later Loans. (..)
The ConsumerFinancialProtectionBureau (CFPB) has released a comment regarding the uses, capabilities, and risks associated with artificial intelligence (AI) in the financial services industry.
And, since 2010, financial institutions have been mandated to provide consumers with their overdraft policies, along with alternatives to overdrafts and the fees associated with them. consumers in 2016, according to a report from the ConsumerFinancialProtectionBureau (CFPB) on the impact of bouncing checks in American finance.
The Electronic Payments Coalition fact-checked a politically motivated report focused on credit card reward programs issued by the ConsumerFinancialProtectionBureau (CFPB).
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 ConsumerFinancialProtectionBureau (CFPB).
Lease-to-own solutions provider Acima , a subsidiary of Upbound , has announced its decision to file a lawsuit against the US ConsumerFinancialProtectionBureau (CFPB).
The ConsumerFinancialProtectionBureau (CFPB) finalized a rule today to cut excessive credit card late fees by closing a loophole exploited by large card issuers.
The ConsumerFinancialProtectionBureau ( CFPB ) has issued an interpretive rule to ensure federal control over Buy Now, Pay Later (BNPL) returns and disputes in the US.
The ConsumerFinancialProtectionBureau (CFPB) has suggested an interpretive rule to ensure that lenders’ legal obligations to disclose the costs of paycheck advance products are met.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content