CFPB

TechREG Weekly US: Approach to Crypto by Lawmakers and Regulators Differ; CFPB Increases Pressure on Big Tech and Credit Card Firms 
TechREG Weekly US: Approach to Crypto by Lawmakers and Regulators Differ; CFPB Increases Pressure on...
May 27, 2022  |  Regulation

This week, U.S. policymakers and regulators made their cases on crypto assets and central bank digital currencies (CBDCs). While regulators tend to be very skeptical...

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CFPB: Credit Denials Must Have Specific, Accurate Explanations
CFPB: Credit Denials Must Have Specific, Accurate Explanations
May 26, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) wants to remind consumers that federal law requires companies to explain specific reasons for denying credit applications, even when...

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Today in TechREG: Fed’s Vice Chair Tells Congress Benefits of US CBDC; CFPB Questions Credit Card Data Practices
Today in TechREG: Fed’s Vice Chair Tells Congress Benefits of US CBDC; CFPB Questions Credit...
May 26, 2022  |  Regulation

Today in TechREG, Lael Brainard, vice chair of the Federal Reserve, on Thursday (May 26) told Congress in a hearing about the benefits and risks...

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CFPB Targets Credit Card ‘Suppressed Data’ Practices
CFPB Targets Credit Card ‘Suppressed Data’ Practices
May 26, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) announced on Wednesday, May 25 in a blog post that it has sent letters to the nation’s biggest credit...

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Today in TechREG: CFPB Takes Steps to Implement Open Banking Principles; US Banking Regulator Says Crypto Dependent on ‘Hype’
Today in TechREG: CFPB Takes Steps to Implement Open Banking Principles; US Banking Regulator Says...
May 25, 2022  |  Regulation

Today in TechREG, the Consumer Financial Protection Bureau (CFPB) announced the creation of a new office in the agency to promote competition and innovation. When...

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CFPB Takes First Steps for Open Banking, Big Tech Scrutiny
CFPB Takes First Steps for Open Banking, Big Tech Scrutiny
May 25, 2022  |  CFPB

When Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra testified on Capitol Hill in late April about the agency’s future plans to promote open banking...

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CFPB to Push for Consumer Finance Innovation, Competition
CFPB to Push for Consumer Finance Innovation, Competition
May 24, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has opened the Office of Competition and Innovation, to promote more competition and look into stumbling blocks for new...

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Today in TechREG: ECB Warns Crypto Could Shake Financial Stability
Today in TechREG: ECB Warns Crypto Could Shake Financial Stability
May 24, 2022  |  Technology

On Tuesday (May 24), the European Central Bank (ECB) published a report flagging possible financial stability risks in the future if crypto assets continue to...

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CFPB Calls on States To Expand Enforcement Efforts
CFPB Calls on States To Expand Enforcement Efforts
May 24, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) issued on Thursday, May 19 a new interpretative rule seeking to bolster the states’ enforcement actions to protect consumers....

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