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CFPB Issues RFI For Remittance Rule At Urging Of CUNA

PYMNTS

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.

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CFPB Updates Policy For Civil Investigative Demands

PYMNTS

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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CFPB Proposes to Regulate Large Digital Wallet and Payment App Providers

Global Fintech & Digital Assets

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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CFPB Drops Investigation Into Lender That Donated To Mulvaney

PYMNTS

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.

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CFPB Spotlights Director’s Six-Month Mark

PYMNTS

This past week saw the Consumer Financial Protection Bureau (CFPB) offer up highlights of Kathleen Kraninger’s six-month tenure as director.

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ICOs, SEC And Wait And See?

PYMNTS

Securities and Exchange Commission issued scores of subpoenas and Requests for Information (RFIs) focused on initial coin offerings (ICOs). Turning to the CFPB…. The Consumer Financial Protection Bureau (CFPB) continues to evolve under the stewardship of acting director Mick Mulvaney.

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CFPB Sends Out RFI Over Administrative Adjudications

PYMNTS

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. The CFPB is also seeking information about how the current process can be improved.

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