Consumer Financial Protection Bureau

Banks’ Suit on CFPB Rule 1033 Predicts Private-Public Sector Clash on Open Banking
Banks’ Suit on CFPB Rule 1033 Predicts Private-Public Sector Clash on Open Banking
October 25, 2024  |  Regulation

The Consumer Financial Protection Bureau released its final rule on data-sharing Tuesday (Oct. 22). But the issue is far from over. The battle between banks...

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CFPB Orders Apple, Goldman Sachs to Pay $90 Million Over Apple Card Violations
CFPB Orders Apple, Goldman Sachs to Pay $90 Million Over Apple Card Violations
October 23, 2024  |  Credit Cards

If there’s a regulatory body that’s been busier this week than the Consumer Financial Protection Bureau (CFPB), we’d be hard-pressed to name it. Having just...

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Open Banking’s Price Tag: CFPB’s 1033 Rule and the Cost of Compliance
Open Banking’s Price Tag: CFPB’s 1033 Rule and the Cost of Compliance
October 22, 2024  |  CFPB

The goal of the Consumer Financial Protection Bureau’s final rule on data sharing unveiled Tuesday (Oct. 22) is to promote competition and, by extension, financial...

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BNPL Trade Group Sues CFPB Over ‘Impossible’ Disclosure Rules
BNPL Trade Group Sues CFPB Over ‘Impossible’ Disclosure Rules
October 21, 2024  |  Buy Now Pay Later

The suit filed last week seeking to stop a new rule from the Consumer Financial Protection Bureau (CFPB) governing buy now, pay later (BNPL) loans...

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FinTech Association Sues CFPB; Says BNPL Rule ‘Oversteps Legal Bounds’
FinTech Association Sues CFPB; Says BNPL Rule ‘Oversteps Legal Bounds’
October 20, 2024  |  Buy Now Pay Later

The Financial Technology Association (FTA) has filed a lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB) final interpretive rule on pay-in-four buy now, pay later...

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Treasury Calls for Federal Payments Framework, but Key Details Remain Unclear
Treasury Calls for Federal Payments Framework, but Key Details Remain Unclear
October 18, 2024  |  Regulation

Through the past several weeks and months, the drumbeat’s grown louder for regulations at the federal level to govern nonbanks — especially FinTechs, neobanks and...

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CFPB Accuses Ejudicate of Conducting ‘Sham’ Student Loan Arbitrations
CFPB Accuses Ejudicate of Conducting ‘Sham’ Student Loan Arbitrations
October 10, 2024  |  CFPB

The CFPB has barred dispute resolution platform Ejudicate from arbitrating disputes about consumer financial products. The ban came after the Consumer Financial Protection Bureau (CFPB) found that the company...

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Federal Agencies Warn Businesses and Consumers About Hurricane-Related Scams
Federal Agencies Warn Businesses and Consumers About Hurricane-Related Scams
October 09, 2024  |  Security & Fraud

With another major hurricane on the way, three federal agencies are warning companies not to take advantage of these natural disasters and cautioning consumers to...

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Credit Card Issuers Raise Rates Ahead of Late Fee Cap
Credit Card Issuers Raise Rates Ahead of Late Fee Cap
October 07, 2024  |  Credit Cards

Credit card issuers reportedly have been raising interest rates on the cards and adding new fees to make up for revenue they may lose from...

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