CFPB

CFPB OKs Payactiv As First Earned Wage Access Provider
CFPB OKs Payactiv As First Earned Wage Access Provider
December 30, 2020  |  CFPB

Payactiv‘s Earned Wage Access (EWA) program is exempt from federal lending law under new rules from the Consumer Finance Protection Bureau (CFPB), according to a...

READ MORE >
CFPB Settles Student Loan Case With Discover For $35 Million
CFPB Settles Student Loan Case With Discover For $35 Million
December 23, 2020  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has settled with student loan servicers Discover Bank, The Student Loan Corporation and Discover Products (collectively Discover) in a...

READ MORE >
CFPB: Santander Must Pay $4.75 Million For Credit Reporting Violations
CFPB: Santander Must Pay $4.75 Million For Credit Reporting Violations
December 23, 2020  |  CFPB

Santander Consumer USA was ordered to pay $4.7 million to the Consumer Financial Protection Bureau (CFPB) for violating the Fair Credit Reporting Act (FCRA), the...

READ MORE >
Today In Payments: SWIFT gpi Instant Goes Live In The UK; UK Revolut Customers Get Access To Early Payday Option
Today In Payments: SWIFT gpi Instant Goes Live In The UK; UK Revolut Customers Get...
December 02, 2020  |  News

In today’s top news, SWIFT launched gpi instant for real-time cross border payments, and Revolut introduced an early payday option for U.K. users. Plus, Cyber...

READ MORE >
CFPB Clarifies Position On Earned Wage Access Policy; Says Programs Are Not An Extension Of Credit
CFPB Clarifies Position On Earned Wage Access Policy; Says Programs Are Not An Extension Of...
December 01, 2020  |  Payment Methods

The U.S. Consumer Financial Protection Bureau issued an advisory opinion Monday (Nov. 30) that earned wage access (EWA) products do not represent extensions of credit...

READ MORE >
What’s Ahead for Financial Services In A Biden Administration?
What’s Ahead for Financial Services In A Biden Administration?
November 09, 2020  |  Regulation

The transition into a new presidential administration heralds changes, with some gradual — and in other cases, sweeping — shifts in financial services. Get the Full...

READ MORE >
CFPB Loosens Restrictions On Debtor Contact
CFPB Loosens Restrictions On Debtor Contact
November 03, 2020  |  Debt

Debt collection is ready to enter the digital age. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

READ MORE >
US Inches Toward Open Banking With CFPB Notice
US Inches Toward Open Banking With CFPB Notice
October 29, 2020  |  B2B Payments

With more and more FinTechs introducing their own banking services, the competition is heating up. Get the Full Story Complete the form to unlock this...

READ MORE >
CFPB Faces Contention On Loan Data For Minority, Women-Owned Businesses
CFPB Faces Contention On Loan Data For Minority, Women-Owned Businesses
September 17, 2020  |  B2B Payments

The Consumer Finance Protection Bureau (CFPB) has a new plan for how it looks at data from minority- and women-owned businesses, according to a report...

READ MORE >