CFPB

Senator Questions CFPB Director Chopra About Zelle’s Fraud Allegations
Senator Questions CFPB Director Chopra About Zelle’s Fraud Allegations
April 27, 2022  |  Security & Fraud

U.S. Sens. Bob Menendez and Elizabeth Warren sent a letter (Tuesday) April 26 to Zelle’s parent company, Early Warning Services, asking questions about the rise...

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CFPB’s Chopra Tells Senators to Expect More on Big Tech, Repeat Offenders and Open Banking
CFPB’s Chopra Tells Senators to Expect More on Big Tech, Repeat Offenders and Open Banking
April 27, 2022  |  CFPB

The testimony of Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), before the Senate Banking Committee on April 26 offered important insights into...

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Big Tech’s Stock Drubbing Looks Set to Continue Into Earnings Season
Big Tech’s Stock Drubbing Looks Set to Continue Into Earnings Season
April 26, 2022  |  Big Tech

Big Tech is looking smaller every day — if you are using stock prices as a yardstick. Tuesday’s dismal showing showed more of the same,...

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CFPB Dusts off Old Rule to Investigate FinTech
CFPB Dusts off Old Rule to Investigate FinTech
April 26, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) announced yesterday, April 25, 2022, that it will start using a largely unused legal provision to examine nonbank financial...

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CFPB Director to Testify on Open Banking, Privacy to Senate Committee
CFPB Director to Testify on Open Banking, Privacy to Senate Committee
April 25, 2022  |  CFPB

U.S. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra plans to tell Congress this week about a proposed measure to regulate open banking and small...

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MoneyGram Gets Ready to Fight ‘Meritless Lawsuit’
MoneyGram Gets Ready to Fight ‘Meritless Lawsuit’
April 22, 2022  |  Legal

Global money transfer company MoneyGram is getting ready to fight a civil lawsuit filed by the director of the Consumer Financial Protection Bureau (CFPB) and...

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CFPB and New York AG Sue MoneyGram 
CFPB and New York AG Sue MoneyGram 
April 21, 2022  |  Legal

The federal Consumer Financial Protection Bureau (CFPB) and New York’s attorney general filed a federal lawsuit against MoneyGram International, Inc. and MoneyGram Payment Systems, Inc.,...

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CFPB Reports Flood of Medical Debt-Collection Complaints Last Year
CFPB Reports Flood of Medical Debt-Collection Complaints Last Year
April 20, 2022  |  CFPB

To say we’re behind on medical debt is an understatement on several levels. It wasn’t until 2021 when the Census Bureau finally caught up with...

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The CFPB and the ‘Junk Fee’ Investigation: 3 Challenges Ahead
The CFPB and the ‘Junk Fee’ Investigation: 3 Challenges Ahead
April 19, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) closed its public consultation on junk fees April 11. Two days later, the agency published a blog post highlighting...

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