Seeking to inject more transparency into the Consumer Financial Protection Bureau (CFPB), Rep. Sean Duffy, R-Wis., has introduced legislation designed to do just that. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Wells Fargo, the embattled bank, is gearing up to ask the Office of the Comptroller of the Currency for an extension to a deadline to meet an enforcement action that has to do with anti-money laundering controls at the bank. Get the Full Story Complete...
In a “coordinated action” with the Office of the Comptroller of the Currency (OCC), the Bureau of Consumer Financial Protection Bureau (CFPB) announced a settlement with Wells Fargo on Friday (April 20): The CFPB assessed a $1 billion penalty against the bank, but the bureau credited...
Aiming to fill the void resulting from the Consumer Financial Protection Bureau’s retreat from regulation, states are stepping up and going after big financial companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
A perfect storm of regulatory changes and card brand rule changes has left many merchants wondering to whom, exactly, they are beholden and what, exactly, they must do to comply. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Senators voted on Wednesday (April 18) to remove a 2013 piece of consumer protection legislation that was designed to stop discrimination in the auto lending market. By a vote of 51 to 47, Senators have officially unmade the CFPB guidance of a latter year, on the...
Watch out for falling … oh, wait, rising interest rates. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...
New York Attorney General Eric Schneiderman has announced the launch of the Virtual Markets Integrity Initiative, a fact-finding inquiry into the policies and practices of cryptocurrency trading platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Senate is set to vote to rescind the Consumer Financial Protection Bureau’s rule on auto lending as early as this coming Tuesday. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
