In a report released late yesterday (June 12), the Treasury Department officially recommended that the Consumer Financial Protection Bureau should be substantially stripped of its powers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The Consumer Financial Protection Bureau (CFPB) has reversed course about debt collection, and, as The American Banker noted, “in a big win for third-party debt collectors,” has said that banks, among other first-party creditors, must be responsible for accuracy of their consumer debt data. Get...
Big picture thinking dominated news surrounding financial services and payments regulations this past week. In the U.K., a contentious election brought “hard” and “soft” Brexit into question, while Dodd-Frank got a vote down by the United States House of Representatives — and next stop, the Senate....
In the halls of Congress and in the halls of Wall Street it wasn’t all about Comey Thursday. 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...
The Consumer Financial Protection Bureau (CFPB) announced in a press release that it sent letters to top retail credit card companies encouraging them to use more transparent promotions for the sake of consumer protection. Get the Full Story Complete the form to unlock this article...
In another salvo lobbed by Congress and, specifically, Republicans toward the Consumer Financial Protection Bureau (CFPB), the House Financial Services Committee is, as The American Banker puts it, “threatening to file contempt charges” against the agency’s head, Richard Cordray. Get the Full Story Complete the...
Expensify has filed a lawsuit against its T&E competitor Abacus Labs alleging patent infringement. 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...
PSD2 and fund flows across the EU, and in China, tightening bank lending top the list for our inaugural regulatory tracker. To paraphrase an old tune, the payments, they are a’changin. And we aim to keep on top of how and where.
The Consumer Financial Protection Bureau released its monthly complaint report Wednesday (May 31) that showed older consumers frequently report servicing problems with reverse mortgages, difficulties recovering money after financial scams, confusion around deferred interest credit cards and frustration when experiencing charges for unauthorized add-on products. Get...
