Despite the absence of specific legislation mandating the use of open banking in the U.S., this practice is growing across the country. Open banking —...
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...
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...
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...
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...
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...
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...
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...
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...