CFPB

CFPB to Seek Feedback on Open Banking Rulemaking in November

CFPB to Seek Feedback on Open Banking Rulemaking in November
CFPB to Seek Feedback on Open Banking Rulemaking in November
July 22, 2022  |  Regulation

Open banking continues to grow and so do regulatory frameworks that aim at fostering its use. Get the Full Story Complete the form to unlock...

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Weekly TechREG: US, UK Lawmakers Move Stablecoin Bills; CFPB Could Force Banks to Reimburse Scam, Fraud Victims 
Weekly TechREG: US, UK Lawmakers Move Stablecoin Bills; CFPB Could Force Banks to Reimburse Scam,...
July 22, 2022  |  Regulation

This week, the U.K. government introduced the Financial Services and Markets Bill, which would amend banking regulations to include stablecoins as a new payment method....

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Senators to CFPB: Use Authority to Protect Consumers From P2P Payment Scams
Senators to CFPB: Use Authority to Protect Consumers From P2P Payment Scams
July 22, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) should use its authority under Regulation E and the Electronic Fund Transfer Act (EFTA) to protect consumers from payment...

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Banks’ Increased Liabilities on P2P Fraud May Have Silver Lining
Banks’ Increased Liabilities on P2P Fraud May Have Silver Lining
July 19, 2022  |  Security & Fraud

Call it a reset on how the Consumer Financial Protection Bureau (CFPB) views authorized P2P fraud — and by extension, just who’s on the hook...

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CFPB Wants Banks to Pay Back Victims Scammed Using Zelle, Other P2P Services
CFPB Wants Banks to Pay Back Victims Scammed Using Zelle, Other P2P Services
July 19, 2022  |  CFPB

Victims of scams involving Zelle and other peer-to-peer (P2P) money transfer services could be getting new assistance from the Consumer Financial Protection Bureau (CFPB) by...

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Weekly TechREG US: NY Regulator Prohibits Overdraft, NSF Fees; California Probes Crypto Lender Over Withdrawal Suspensions
Weekly TechREG US: NY Regulator Prohibits Overdraft, NSF Fees; California Probes Crypto Lender Over Withdrawal...
July 15, 2022  |  Regulation

This week in TechREG, state regulators have been very active proposing new regulations and taking enforcement actions. California probed several crypto lenders for suspending withdrawals...

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CFPB Fines Bank of America $100M Over Alleged Unlawful Account Freezing
CFPB Fines Bank of America $100M Over Alleged Unlawful Account Freezing
July 14, 2022  |  CFPB

The Consumer Financial Protection Bureau announced Thursday (July 14) that it has leveled a $100 million fine at Bank of America for allegedly messing up...

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Today in TechREG: California Regulator Probes Crypto Lenders; UK Parliament Wants Visa, Mastercard to Explain Swipe Fees Hike
Today in TechREG: California Regulator Probes Crypto Lenders; UK Parliament Wants Visa, Mastercard to Explain...
July 14, 2022  |  Regulation

Today in TechREG, the U.K. Parliament sent letters to Visa and Mastercard demanding an explanation for the increase on cross-border fees after the U.K. left...

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Today in TechREG: Global Regulators Calls for Interoperable Stablecoins, CBDC; FCA Urges Banks to Treat SMBs Better
Today in TechREG: Global Regulators Calls for Interoperable Stablecoins, CBDC; FCA Urges Banks to Treat...
July 13, 2022  |  Technology

Today in TechReg news, the Bank for International Settlements and the International Organization of Securities Commissions published recommendations for central banks to make stablecoins more...

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