PYMNTS

NOVEMBER 1, 2017

A small business (SMB) in Massachusetts borrowing funds via marketplace lender Kabbage has sued the platform, igniting new debate in the conversation over the definition of a “true lender,” according to reports in the National Law Review on Tuesday (Oct. Usury laws regulate how much interest can be charged on a loan.

Small Business 51

Small Business Consumer Financial Protection Bureau (CFPB) Laws CFPB 51

Payment Savvy

NOVEMBER 30, 2021

In 2020, the Consumer Financial Protection Bureau (CFPB) published two rules which implement the Fair Debt Collection Practices Act (FDCPA). This federal law, known as Regulation F goes into effect on November 30, 2021. In total, these laws were in the works for more than five years.

Regulations 52

Regulations Consumer Financial Protection Bureau (CFPB) CFPB Rules 52

PYMNTS

NOVEMBER 27, 2017

The Consumer Financial Protection Bureau (CFPB) is gearing up to sue Spain-based Santander Bank, claiming the bank has overcharged its car loan customers. Citing sources familiar with the CFPB’s plans, Reuters reported that the CFPB suit could happen as soon as Monday (Nov.

CFPB 40

CFPB Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency Product 40

PYMNTS

MAY 8, 2017

Things are getting tougher for the Consumer Financial Protection Bureau (CFPB) under the new political administration. More banks are now willing to challenge CFPB enforcement actions, said The Wall Street Journal. The controversial U.S.

CFPB 48

CFPB Consumer Financial Protection Bureau (CFPB) Authorization Consumer Protection 48

PYMNTS

JUNE 7, 2016

After mounting complaints from both banks and consumers about unauthorized withdrawals and other illicit activities, the accused payment processor is being taken to court. According to a CFPB press release , the lawsuit claims that Intercept ignored signs that its clients were breaking laws and introducing potential fraud. .

CFPB 41

CFPB Processors Consumer Financial Protection Bureau (CFPB) Payments 41

PYMNTS

JULY 20, 2018

California lawmakers are considering legislation that would extend disclosure requirements currently required by consumer lenders to lenders of small business loan products, according to Manatt, Phelps & Phillips, LLP. The amendment includes commercial and investment banks in those requirements. ”

Consumer Financial Protection Bureau (CFPB) 40

Consumer Financial Protection Bureau (CFPB) Small Business CFPB Rules 40

PYMNTS

FEBRUARY 7, 2019

6), with the announcement that the Consumer Financial Protection Bureau (CFPB) will overhaul a series of 2017 payday loan regulations, set to go into effect in August 2019. The Bureau will evaluate the comments, weigh the evidence and then make its decision,” Kraninger said of the effort to overhaul the rules. “In

CFPB 40

CFPB Rules Consumer Financial Protection Bureau (CFPB) Regulations 40

Clearly Payments

FEBRUARY 8, 2024

Consumer Financial Protection Bureau (CFPB): Established in response to the 2008 financial crisis, the CFPB is tasked with protecting consumers in the financial marketplace. It oversees compliance with federal banking laws, including those governing payments.

Regulations 81

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 81

Finovate

DECEMBER 13, 2023

the EU’s AI Act is set to become law early next year. the Consumer Financial Protection Bureau (CFPB) has been studying the BNPL industry since at least late 2021. There has some concern at the state level , with state attorneys general voicing consumer protection warnings. In the U.S.,

Regulations 64

Regulations BNPL Consumer Financial Protection Bureau (CFPB) FinTech 64

PYMNTS

FEBRUARY 3, 2020

As noted by the news outlet, the government will leverage existing antitrust law, and any fines or regulatory actions tied to the new mandates would be the purview of the Fair Trade Commission (FTC). CFPB Files Suit Against Citizens Bank. Digital Currencies, Too.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) CFPB Digital Currency Central Bank 52

PYMNTS

JANUARY 20, 2021

Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger handed in her resignation Wednesday (Jan. president, Bloomberg Law reported. Under her leadership, enforcement stalled in comparison to the CFPB’s former director, Richard Cordray, appointed by former President Barack Obama.

Consumer Financial Protection Bureau (CFPB) 105

Consumer Financial Protection Bureau (CFPB) Consumer Protection CFPB Consumer 105

PYMNTS

NOVEMBER 15, 2016

The nation’s top consumer advocacy watchdog, the Consumer Financial Protection Bureau (CFPB), is intensifying its investigation into high-interest seller-financed home sales. The CFPB announced Monday (Nov. The CFPB recently hit five years active in the beginning of October.

Consumer Financial Protection Bureau (CFPB) 47

Consumer Financial Protection Bureau (CFPB) CFPB Consumer Advisors 47

PYMNTS

APRIL 11, 2018

In his first semiannual report to Congress, Mick Mulvaney said he is taking a narrow approach to running the Consumer Financial Protection Bureau (CFPB). The news comes months after Richard Cordray announced his resignation from his position as chief of the CFPB.

CFPB 40

CFPB Consumer Financial Protection Bureau (CFPB) Continuity Federal Reserve 40

PYMNTS

DECEMBER 12, 2018

Kathy Kraninger, the new head of the Consumer Financial Protection Bureau (CFPB), has said that she’ll prioritize the protection of consumers over regulatory issues, according to a report by the Chicago Tribune. She has no experience in financial services and has never run a federal agency before.

CFPB 49

CFPB Consumer Financial Protection Bureau (CFPB) Privacy Data Security 49

PYMNTS

JANUARY 31, 2018

The Consumer Financial Protection Bureau (CFPB) wants more insight into the use of administrative adjudications and sent out a Request for Information (RFI) to get it.

CFPB 43

CFPB Consumer Financial Protection Bureau (CFPB) Request for Information Laws 43

PYMNTS

MAY 1, 2017

Ever since the Dodd-Frank Act gave the Consumer Financial Protection Bureau (CFPB) jurisdiction over just about every US business that provides some form of consumer credit, Republicans have been complaining that the agency has too much power. Most bankers support moves to rein the CFPB in a bit.

Consumer Financial Protection Bureau (CFPB) 43

Consumer Financial Protection Bureau (CFPB) CFPB Federal Trade Commission Law Enforcement 43

FICO

JANUARY 5, 2023

For those in the financial services industry, 2023 will be the year when U.S. The Consumer Financial Protection Bureau (CFPB) has indicated it will publish rules , not guidelines, aimed at strengthening consumers’ control over and providing portability of their financial account data, sometime in 2023.

BNPL 52

BNPL CFPB Consumer Financial Protection Bureau (CFPB) Privacy 52

PYMNTS

JULY 20, 2018

President Donald Trump’s pick to lead the Consumer Financial Protection Bureau (CFPB) held her own during intense questioning by Democratic Senators on Thursday (July 19). According to Reuters , Kathy Kraninger seems to be on track to secure a confirmation vote that could come this month.

CFPB 40

CFPB Consumer Financial Protection Bureau (CFPB) Consumer Finance 40

PYMNTS

SEPTEMBER 15, 2017

Senator Elizabeth Warren also announced that she has begun an investigation into the hack, explaining in a letter to the Consumer Financial Protection Bureau (CFPB), the agency she helped create after the 2007-2009 financial crisis, that it may require additional powers to ensure closer federal oversight of credit reporting agencies.

Consumer Financial Protection Bureau (CFPB) 54

Consumer Financial Protection Bureau (CFPB) CFPB Data Breach Breach 54

PYMNTS

JULY 31, 2018

The Consumer Financial Protection Bureau (CFPB) may be hated by Republicans and the Trump White House, but it turns out to have strong support among consumers.

CFPB 41

CFPB Consumer Financial Protection Bureau (CFPB) Database Rules 41