CFPB

CFPB Eyes Tuition Payment Plans as Students Return to School
CFPB Eyes Tuition Payment Plans as Students Return to School
September 27, 2023  |  Buy Now Pay Later

It’s the end of September, summer’s a distant memory, and students are only a few weeks into settling into the routine of books, homework, and...

READ MORE >
This Week in AI: Interactive Evolutions, Enterprise Wins, Biometric Payments
This Week in AI: Interactive Evolutions, Enterprise Wins, Biometric Payments
September 21, 2023  |  artificial intelligence

Generative artificial intelligence (AI) hasn’t even celebrated its first birthday yet.  But the innovative technology continues to be the gift that keeps on giving. Another...

READ MORE >
CFPB Wants to Wipe Medical Bills From Credit Reports
CFPB Wants to Wipe Medical Bills From Credit Reports
September 21, 2023  |  Healthcare Financing

The Consumer Financial Protection Bureau (CFPB) has begun a rulemaking process aimed at removing medical bills from Americans’ credit reports. This move is intended to provide financial...

READ MORE >
CFPB Says Lenders Must Explain AI-Driven Credit Denials
CFPB Says Lenders Must Explain AI-Driven Credit Denials
September 19, 2023  |  Regulation

The Consumer Financial Protection Bureau (CFPB) has released guidance for lenders who utilize artificial intelligence (AI) and complex models in their credit decision-making processes. The guidance emphasizes the need...

READ MORE >
Discover Financial Services Weighs Sale of Student-Loan Business
Discover Financial Services Weighs Sale of Student-Loan Business
September 15, 2023  |  Acquisitions

Discover Financial Services is reportedly exploring the possibility of selling its student-loan business as part of its ongoing efforts to streamline operations following a series of...

READ MORE >
CFPB Investigating Tuition Payment Plans and Practices of School-Based Lenders
CFPB Investigating Tuition Payment Plans and Practices of School-Based Lenders
September 14, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is looking into, and warning students about, the risks faced by students when entering into agreements with colleges for tuition payment...

READ MORE >
Debate Sharpens on Medical Payment Products as CFPB Seeks More Info
Debate Sharpens on Medical Payment Products as CFPB Seeks More Info
September 12, 2023  |  Healthcare

The debate over medical payment products — and, by extension, consumer choice — is sharpening between banks, innovators and regulators. To that end, the Bank...

READ MORE >
NFC Poised to Become Big Tech, Open Banking Battleground
NFC Poised to Become Big Tech, Open Banking Battleground
September 11, 2023  |  Payment Methods

Consumer choice is at the heart of open banking, and, according to the Consumer Financial Protection Bureau (CFPB), open ecosystems and interoperability are among the...

READ MORE >
Grace Periods, Proactive Approaches Help Consumers With Overdrafts and Account Management
Grace Periods, Proactive Approaches Help Consumers With Overdrafts and Account Management
September 08, 2023  |  Banking

The data show that 20% of individuals have overdrawn their accounts in the past year as they grapple with the demands of inflation, of timing...

READ MORE >