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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
NOVEMBER 8, 2024
The Consumer Financial Protection Bureau (CFPB) has charged the US’s largest credit union for illegally charging users overdraft fees.
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
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
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
OCTOBER 18, 2024
The Consumer Financial Protection Bureau (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.
Finextra
JUNE 13, 2024
The Consumer Financial Protection Bureau (CFPB) has set out plans to remove medical bills from most credit reports
The Paypers
NOVEMBER 1, 2024
The Consumer Financial Protection Bureau (CFPB) has taken action against VyStar Credit Union and ordered the company to pay USD 1.5 million for impairing consumers via its rollout of a new online banking system.
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
OCTOBER 24, 2024
The Consumer Financial Protection Bureau (CFPB) has taken action against Apple and Goldman Sachs and fined them over USD 89 million for credit card business.
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
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.
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
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
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.
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.
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.
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).
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.
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.
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.
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 …
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).
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.
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.
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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 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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The Fintech Times
NOVEMBER 4, 2024
US government agency, the Consumer Financial Protection Bureau (CFPB) has fined Florida-headquartered VyStar Credit Union $1.5million for failing to protect consumers during its ‘botched’ rollout of a new online banking system. million civil penalty to the CFPB’s victims relief fund.
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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. What impact will the new ruling have on end consumers?
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.
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
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. During that time frame, Santander reportedly sent incorrect information on millions of accounts to the CRAs.
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PYMNTS
JULY 20, 2020
The Consumer Financial Protection Bureau (CFPB) has recorded record-high numbers of complaints every month since the pandemic hit in mid-March, according to a press release from the U.S. PIRG Education Fund’s consumer campaign director, according to the release. PIRG Education Fund.
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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
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.
Finovate
OCTOBER 22, 2024
financial services community has been waiting for for at least a year– the Consumer Financial Protection Bureau (CFPB) issued its final 1033 rule making. The CFPB states that the rule promotes competition and consumer choice, and will ultimately help improve customer service.
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PYMNTS
JULY 26, 2020
The nation’s consumer protection agency is seeking input on rule changes to third-party access to individual financial records. Its purpose was to review the agency’s handling of authorized third-party access to consumer’s financial data. Congress created the legislation in 2010 that created the CFPB.
The Fintech Times
JULY 15, 2024
The American Fintech Council welcomed the recommendations by the CFPB but requested additional time and clarity to ensure that all BNPL providers, if necessary, can adjust their programmes to ensure they comply with new rules – to ensure consistent consumer product experiences.
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PYMNTS
MARCH 29, 2018
Consumers paid $34.3 Despite the increase, consumers aren’t, in fact, overdrawing their accounts. Even so, consumers must opt in to be able to overdraft. consumers in 2016, according to a report from the Consumer Financial Protection Bureau (CFPB) on the impact of bouncing checks in American finance.
PYMNTS
OCTOBER 8, 2020
The move comes as federal regulatory agencies urge banks and other lenders to pony up small loans to consumers to help them navigate the coronavirus-driven downturn. In March, five federal regulatory agencies — the Federal Reserve’s Board of Governors, Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corp.
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. CFPB Enforcement Actions The CFPB has taken enforcement actions against companies in the payments industry for various violations of Regulation E.
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