CFPB

Cash Flow-Based Underwriting Adds Real-Time Context to FICO Score
Cash Flow-Based Underwriting Adds Real-Time Context to FICO Score
May 24, 2024  |  Loans

The FICO score — what we might think of as the general “shorthand” for lending — was created back in 1989. Get the Full Story...

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BNPL Regulation Grabs Headlines as FinTech IPO Index Loses 2.7%
BNPL Regulation Grabs Headlines as FinTech IPO Index Loses 2.7%
May 24, 2024  |  Fintech Investments

The FinTech IPO Index lost 2.6% as earnings trickled in. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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As CFPB Targets BNPL Firms, Some Consumer ‘Protections’ Are Already in Place
As CFPB Targets BNPL Firms, Some Consumer ‘Protections’ Are Already in Place
May 22, 2024  |  BNPL

The Consumer Financial Protection Bureau — with the wind of the recent Supreme Court ruling at the agency’s back — has returned to rule-making. Get...

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CFPB Says BNPL Must Provide Consumer Protections Offered by Credit Cards
CFPB Says BNPL Must Provide Consumer Protections Offered by Credit Cards
May 22, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) ruled Wednesday (May 22) that buy now, pay later (BNPL) vendors are credit card providers and must provide some...

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CFPB Targeting ‘Lack of Competition’ in Credit Reporting, Credit Scores
CFPB Targeting ‘Lack of Competition’ in Credit Reporting, Credit Scores
May 20, 2024  |  Consumer Finance

The Consumer Financial Protection Bureau (CFPB) is looking to improve “competition, choice and affordability” in credit reporting costs and other mortgage closing costs. Get the Full Story Complete the...

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CFPB Orders Western Benefits Group to Cease Operations, Pay $400,000
CFPB Orders Western Benefits Group to Cease Operations, Pay $400,000
May 20, 2024  |  Regulation

The Consumer Financial Protection Bureau ordered Western Benefits Group to permanently cease operations and to pay a $400,000 penalty. Get the Full Story Complete the form to unlock this article...

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Congress Sets Stage for FinServ Regulation to Heat Up This Summer
Congress Sets Stage for FinServ Regulation to Heat Up This Summer
May 20, 2024  |  Regulation

As the Consumer Financial Protection Bureau got an effective “green light” from the Supreme Court to keep operating, and as several bills have made their way out of committee...

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CFPB Supreme Court Decision Shifts Focus to Technology’s Impact on Consumer Finance
CFPB Supreme Court Decision Shifts Focus to Technology’s Impact on Consumer Finance
May 20, 2024  |  Regulation

The Consumer Financial Protection Bureau (CFPB) has been validated in the aftermath of last week’s U.S. Supreme Court rejection of a challenge to its congressional...

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Federal Regulations Remain Under Fire After Supreme Court’s CFPB Ruling
Federal Regulations Remain Under Fire After Supreme Court’s CFPB Ruling
May 17, 2024  |  Legal

The Thursday (May 16) decision by the Supreme Court to uphold the funding mechanism of the Consumer Financial Protection Bureau (CFPB) has been hailed as a victory for supporters...

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