Consumer Financial Protection Bureau

CFPB: Financial Marketers Must Adhere to Consumer Law
CFPB: Financial Marketers Must Adhere to Consumer Law
August 10, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is warning digital marketing companies working with financial firms that they must comply with federal law. Marketers engaged in...

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CFPB Fine Prompts Senators to Demand More Info From US Bank 
CFPB Fine Prompts Senators to Demand More Info From US Bank 
August 08, 2022  |  CFPB

Several Democratic senators fired off a letter to U.S. Bank CEO Andrew Cecere demanding additional information after the Consumer Financial Protection Bureau (CFPB) fined the...

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TCH Asks CFPB to Define Larger Participants in Aggregation Services Market
TCH Asks CFPB to Define Larger Participants in Aggregation Services Market
August 02, 2022  |  CFPB

The Clearing House has petitioned the Consumer Financial Protection Bureau (CFPB) to make new rules around aggregation services, or third-party companies dealing with peoples’ financial...

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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. In countries like the U.K. or Europe, this process...

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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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Banks Tell CFPB No Card Late Fee Data Unless Rulemaking Deadline Extended
Banks Tell CFPB No Card Late Fee Data Unless Rulemaking Deadline Extended
July 18, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) may need to extend the deadline to submit comments on its Advance Notice of Proposed Rulemaking (ANPR) about credit...

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NY Regulator and Lawmakers Join CFPB in Push to Ban Overdraft Fees
NY Regulator and Lawmakers Join CFPB in Push to Ban Overdraft Fees
July 14, 2022  |  Bank Regulation

Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), has made it a priority for the bureau to fight against “junk fees,” overdraft fees,...

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Weekly TechREG US: Federal Agencies Respond to Biden’s Crypto Executive Order; Bank Regulators Urged Banks to Conduct Customer Due Diligence, Avoid De-risking Practices 
Weekly TechREG US: Federal Agencies Respond to Biden’s Crypto Executive Order; Bank Regulators Urged Banks...
July 08, 2022  |  Regulation

This week, the U.S. Treasury proposed to the White House a plan to strengthen international cooperation on crypto regulation to make sure that the country...

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CFPB to Increase Use of Advisory Opinions as Rulemaking Alternative
CFPB to Increase Use of Advisory Opinions as Rulemaking Alternative
July 08, 2022  |  CFPB

In recent months, the Consumer Financial Protection Bureau (CFPB) has increased the use of soft tools, such as advisory opinions, circulars or blog posts, to...

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