Tag: cfpb

Navigating the compliance maze: A guide to the CFPB’s Section 1071...

Navigating the complexities of the Consumer Financial Protection Bureau's (CFPB) Section 1071 rule is crucial for financial institutions across the United States.

Big Tech’s payment apps to face more scrutiny under proposed CFPB...

The CFPB has made a move to bring larger nonbank entities, such as Big Tech companies offering digital wallets and payment apps, under its supervisory scope.

Persistent debt looms as CFPB identifies $130bn in charges by credit...

The Consumer Financial Protection Bureau (CFPB) recently disclosed its report to Congress on the consumer credit card market for 2022.

CFPB unveils groundbreaking rule to revolutionise open banking

The Consumer Financial Protection Bureau (CFPB) has introduced a proposal for the Personal Financial Data Rights rule.

What are CFPB’s reforms to redefine consumer data handling?

The CFPB has unveiled ambitious amendments to the FCRA that would redefine the rules for data brokers, furnishers, and end users.

Non-insured digital payment apps place consumer funds at risk, warns CFPB

The CFPB has warned users of non-bank payment apps about the risk to their funds due to lack of federal deposit insurance coverage.

CFPB puts forward rule to rein in credit card late fees

The Consumer Financial Protection Bureau (CFPB) has proposed a rule to curb excessive credit card fees that cost US families around $12bn a year.

Remittance company Servicio UniTeller hit with $700k fine

The Consumer Financial Protection Bureau (CFPB) has ordered international remittance company Servicio UniTeller to pay a $700,000 penalty.

CFPB slaps Hello Digit with $2.7m fine due to faulty algorithm...

The Consumer Financial Protection Bureau (CFPB) has fined Hello Digit $2.7m due to a faulty algorithm that wrongfully took money from users’ checking accounts.

CFPB fines Bank of America $100m for “botching” disbursement of state...

The Consumer Financial Protection Bureau (CFPB) has fined Bank of America $100m for allegedly botching the disbursement of state unemployment benefits at the height of the pandemic.

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