Consumer Financial Protection Bureau (CFPB)

47 results about this entity

Period: 12 Sep 2019 - 14 Aug 2024

/ai

CFPB and American Fintech Council stake out AI positions to Treasury

Responding to a call from the US Treasury, the Consumer Financial Protection Bureau (CFPB) and the American Fintech Council (AFC) have both weighed in on the use of AI in financial services.

/security

JPMorgan ponders legal action over Zelle probe

JPMorgan Chase is considering taking legal action against the Consumer Financial Protection Bureau (CFPB) over an ongoing probe into the abuse of Zelle payments by scammers.

/markets

CFPB proposes rule for paycheck advance products

The interpretive rule is designed to help ensure US workers know the costs and fees of paycheck advance products.

/regulation

American Fintech Council responds to CFPB buy now, pay later rules

The American Fintech Council (AFC), the fastest growing premier industry association representing responsible fintech companies and innovative banks, submitted its response to the Consumer Financial Protection Bureau (CFPB) on the proposed Interpretive Rule and Request for Comment on the Use of Digital User Accounts to Access Buy Now, Pay Later Loans.

/regulation

CFPB moves to ban medical bills from credit reports

The Consumer Financial Protection Bureau (CFPB) has set out plans to remove medical bills from most credit reports

/regulation

CFPB says startups and consumers must have say in open banking standard setting

The Consumer Financial Protection Bureau (CFPB) has taken another step designed to promote open banking in the US, finalising a rule for recognising data sharing standards and preventing incumbents from "squelching" startups.

/payments

Citi suit prompts dispute between CFPB and industry groups

A legal case involving how Citi responded to customers who had money stolen via wire transfers has caused a spat between the CFPB and industry associations over the scope of the Electronic Fund Transfer Act (EFTA).

/regulation

Klarna labels CFPB BNPL rule 'baffling'

The US Consumer Financial Protection Bureau's new rule on buy now, pay later lenders has received a mixed reception from industry players, with Affirm welcoming the outcome but rival Klarna calling it "baffling".

/payments

CFPB rules that BNPL lenders should be treated as credit cards

The US Consumer Financial Protection Bureau has ruled that buy now, pay later lenders should be treated in the same way as credit cards.

/regulation

CFPB sues online lender SoLo Funds for deceiving borrowers

The Consumer Financial Protection Bureau (CFPB) today sued the online lending platform SoLo Funds for deceiving borrowers about the total cost of loans.

/regulation

US Supreme Court sides with CFPB funding

The US Supreme Court has rejected an attempt to undercut the funding of the Consumer Financial Protection Bureau (CFPB).

/regulation

EC and CFPB meet on consumer risks from AI and BNPL

US and European officials have begun an "informal dialogue" on consumer financial protection issues, focusing on the rise of Big Tech in payments; the use of AI in lending; and the emergence of buy now, pay later.