47 results about this entity
Period: 12 Sep 2019 - 14 Aug 2024
News/regulation
As it prepares to introduce a personal data rights rule, the Consumer Financial Protection Bureau has warned that it will not allow big banks to skew open banking standards in their favour.
16 June 2023
News/retail
The Consumer Financial Protection Bureau (CFPB) is monitoring banks' increasing use of AI-powered chatbots amid a surge of complaints from frustrated customers trying to receive straightforward answers from their financial institutions or raise a concern or dispute .
08 June 2023
News/security
The Consumer Financial Protection Bureau (CFPB) has warned users of non-bank payment apps that their accounts are not protected by federal deposit insurance coverage.
02 June 2023
The Consumer Financial Protection Bureau (CFPB) has issued a new circular confirming that banks which unilaterally reopen a deposit account to process transactions after a consumer has already closed it, will be in violation of the Consumer Financial Protection Act.
12 May 2023
The Consumer Financial Protection Bureau (CFPB) says it has suffered a data breach which saw an employee forward the personal information of more than quarter of a million Americans to a personal email account.
21 April 2023
Plaid has released a series of recommendations to the Consumer Financial Protection Bureau (CFPB) in response to the Bureau’s call for stakeholder feedback on its strong consumer financial data rights proposal.
27 January 2023
Company announcement/regulation
The Consumer Financial Protection Bureau (CFPB) is ordering Wells Fargo Bank to pay more than $2 billion in redress to consumers and a $1.7 billion civil penalty for legal violations across several of its largest product lines.
20 December 2022
Director of the US Consumer Financial Protection Bureau (CFPB), Rohit Chopra, took to the Money20/20 stage to outline the Bureau’s strategy toward determining regulation of open banking in the US.
25 October 2022
The Consumer Financial Protection Bureau (CFPB) is planning to tighten up regulation of BNPL firms, bringing in the same baseline consumer protections that already exit for credit cards.
15 September 2022
The Consumer Financial Protection Bureau has fined Hello Digit and ordered the automated savings app to pay damages to customers after finding that a faulty algorithm wrongfully took money from users' checking accounts leading to overdraft penalties.
11 August 2022
Apple's entry into the buy now, pay later market is prompting the Consumer Financial Protection Bureau (CFPB) to take a "very careful look" at the implications of Big Tech moving into the sector.
27 July 2022
News/crime
The Consumer Financial Protection Bureau (CFPB) and Office of the Comptroller of the Currency (OCC) have fined the Bank of America (BofA) for their deficient disbursement of state unemployment benefits during the Covid-19 pandemic.
15 July 2022
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