Tag: cfpb

A single consent order can dramatically change the direction of a bank’s compliance programme. For many institutions, this enforcement measure represents a pivotal moment...

The American Fintech Council has urged the CFPB to uphold fee prohibitions and preserve consumer access to financial data. The appeal comes as the...

The Bank Secrecy Act (BSA), enacted in 1970, remains a cornerstone of the United States’ fight against financial crime. Its purpose is to ensure...

Regulatory enforcement saw a sharp decline in the first quarter of 2025, with both the volume and monetary value of fines significantly lower than...

In a surprising legal turn, the Consumer Financial Protection Bureau (CFPB) has decided to withdraw its lawsuit against Capital One, potentially forfeiting up to...

The CFPB has mandated a significant penalty on Equifax, fining the consumer reporting giant $15m for failing to adequately investigate consumer disputes regarding credit...

The CFPB has launched a significant initiative seeking public feedback on enhancing privacy measures and safeguarding consumers from undue surveillance within digital payment platforms....

The CFPB has initiated a lawsuit against Early Warning Services, the operator of Zelle, and three major U.S. banks—Bank of America, JPMorgan Chase, and...

The CFPB has finalized a rule that mandates federal oversight for the largest nonbank entities involved in digital payments, impacting those handling more than 50m transactions annually.

VyStar Credit Union has been fined $1.5m by the CFPB following a problematic rollout of its online banking system, which impacted member access and financial operations.