CFPB

CFPB Probes Big Five Buy Now, Pay Later Providers Over Data Use, Debt Accumulation
CFPB Probes Big Five Buy Now, Pay Later Providers Over Data Use, Debt Accumulation
December 17, 2021  |  BNPL

The Consumer Financial Protection Bureau (CFPB) opened on December 16 an inquiry into Buy Now, Pay Later (BNPL) to better understand the risks and benefits...

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CFPB Works With Global Regulators to Target BNPL
CFPB Works With Global Regulators to Target BNPL
December 16, 2021  |  CFPB

Citing concerns about the buy now, pay later (BNPL) sector, the Consumer Financial Protection Bureau has ordered five BNPL firms to turn over information about...

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Data Privacy Concerns Rising in Tandem With Rapid Uptake of Data Aggregators
Data Privacy Concerns Rising in Tandem With Rapid Uptake of Data Aggregators
December 15, 2021  |  Security & Fraud

No surprise: In the great digital shift, many consumers have turned to third-party apps to access their financial data. Yet those consumers are less than...

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CFPB Looks Forward to Tech, After a Year Focused on Mortgages and Lending Practices
CFPB Looks Forward to Tech, After a Year Focused on Mortgages and Lending Practices
December 03, 2021  |  CFPB

Predicting the Consumer Financial Protection Bureau’s agenda for 2022 based on this year’s rulemaking isn’t quite as easy this year, as the bureau was without...

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CFPB’s New Director Hones in on Largest Big Tech Players
CFPB’s New Director Hones in on Largest Big Tech Players
December 03, 2021  |  Big Tech

Consumer Financial Protection Bureau director Rohit Chopra, a former Federal Trade Commission member, is taking a closer look at Amazon.com, Apple, Facebook parent Meta Platforms,...

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Debt Collectors Move Beyond Robocalls to Text, Email, Social Media
Debt Collectors Move Beyond Robocalls to Text, Email, Social Media
December 02, 2021  |  Debt

Collection agencies can now reach out to debtors by text, email and social media following new rules enacted by the Consumer Financial Protection Bureau (CFPB),...

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CFPB Lays Groundwork for Open Banking’s US Push
CFPB Lays Groundwork for Open Banking’s US Push
December 02, 2021  |  Banking

Open banking may have its roots across the pond, in the United Kingdom, but it’s fair to say the United States is quickly putting its...

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CFPB to Heavily Regulate Overdraft Fees From Banks
CFPB to Heavily Regulate Overdraft Fees From Banks
December 01, 2021  |  Regulation

The Consumer Finance Protection Bureau (CFPB) is making it so banks can’t charge fees to customers overdrawing checking accounts, the financial watchdog announced Wednesday (Dec....

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As CFPB Blasts Unfair Overdraft Fees, Capital One Says It’s Eliminating Them
As CFPB Blasts Unfair Overdraft Fees, Capital One Says It’s Eliminating Them
December 01, 2021  |  Banking

Well, that was fast. No sooner had the Consumer Financial Protection Bureau (CFPB) published new research Wednesday (Dec. 1) highlighting the cost and impact that overdraft...

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