consumer protection

CFPB and EU Eye Consumer Risks of BNPL, AI and Digital Payments
CFPB and EU Eye Consumer Risks of BNPL, AI and Digital Payments
April 11, 2024  |  CFPB

Consumer protection officials for the United States and the European Commission have met to discuss three shared priorities: buy now, pay later (BNPL), digital payments...

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CFPB Monitoring Potential Risk of ‘Discount Points’ Paid by Homebuyers
CFPB Monitoring Potential Risk of ‘Discount Points’ Paid by Homebuyers
April 05, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is monitoring the increasing payment of “discount points” by homebuyers and the potential risk this may pose to consumers....

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CFPB Report: Installments Top Consumer Complaints on Personal Loans
CFPB Report: Installments Top Consumer Complaints on Personal Loans
March 29, 2024  |  Loans

The Consumer Financial Protection Bureau detailed in its 2023 Consumer Response Annual Report that consumers have been the targets of fraudulent account openings, and installment...

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CFPB Recruiting Technologists, Conducting Research to Monitor Emerging Technologies
CFPB Recruiting Technologists, Conducting Research to Monitor Emerging Technologies
March 26, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is recruiting more technologists and conducting additional research to address the role of transformative technologies in consumer financial markets....

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California Forges Ahead With AI Rules as Federal Regulations Lag Behind
California Forges Ahead With AI Rules as Federal Regulations Lag Behind
March 15, 2024  |  artificial intelligence

California’s recent vote to regulate artificial intelligence (AI) and personal data use by businesses underscores growing concern over the risks posed by these technologies in...

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Goldman: CFPB Late Fee Rules Will Hurt Citigroup the Most
Goldman: CFPB Late Fee Rules Will Hurt Citigroup the Most
March 06, 2024  |  CFPB

What will the loss of credit card late fees mean for America’s biggest banks? A report Tuesday (March 5) by Goldman Sachs Equity Research examines...

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CFPB Takes Aim at Consumer Credit Card Rates 
CFPB Takes Aim at Consumer Credit Card Rates 
February 16, 2024  |  Credit Cards

The Consumer Financial Protection Bureau (CFPB) aims to boost competition in the credit card industry to deliver lower rates to consumers. The agency announced this...

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UK Finance Watchdog Pulls 35 Crypto Apps Off Market
UK Finance Watchdog Pulls 35 Crypto Apps Off Market
February 14, 2024  |  Cryptocurrency

The U.K.’s financial watchdog says cryptocurrency companies still aren’t following the country’s new advertising law. The Financial Conduct Authority (FCA) noted the need for compliance Wednesday (Feb....

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FCC Outlaws Use of AI-Generated Voices in Robocalls
FCC Outlaws Use of AI-Generated Voices in Robocalls
February 08, 2024  |  Regulation

The Federal Communications Commission (FCC) has made it illegal to use artificial intelligence (AI)-generated voices in robocalls. This ruling will give state attorneys general another...

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