CFPB

FinTech Association Sues CFPB; Says BNPL Rule ‘Oversteps Legal Bounds’
FinTech Association Sues CFPB; Says BNPL Rule ‘Oversteps Legal Bounds’
October 20, 2024  |  Buy Now Pay Later

The Financial Technology Association (FTA) has filed a lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB) final interpretive rule on pay-in-four buy now, pay later...

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Treasury Calls for Federal Payments Framework, but Key Details Remain Unclear
Treasury Calls for Federal Payments Framework, but Key Details Remain Unclear
October 18, 2024  |  Regulation

Through the past several weeks and months, the drumbeat’s grown louder for regulations at the federal level to govern nonbanks — especially FinTechs, neobanks and...

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CFPB Sues Climb Credit and 1/0, Alleging ‘False Promises’ to Borrowers
CFPB Sues Climb Credit and 1/0, Alleging ‘False Promises’ to Borrowers
October 17, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) sued student lender Climb Credit and investment firm 1/0 Thursday (Oct. 17), alleging they provided potential borrowers with false...

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Open Banking’s Moment of Truth: How Will Section 1033 Change the Game?
Open Banking’s Moment of Truth: How Will Section 1033 Change the Game?
October 16, 2024  |  Bank Regulation

You’ve heard of the October surprise. The term applies to politics, to a bombshell or report that upends a race. And sometimes the event brings...

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Regulators Raise Exemption Thresholds Regarding Mortgages, Consumer Credit and Leases
Regulators Raise Exemption Thresholds Regarding Mortgages, Consumer Credit and Leases
October 15, 2024  |  Regulation

The Consumer Financial Protection Bureau (CFPB) has announced rules related to threshold adjustments for mortgage loan appraisals, consumer credit transactions and consumer lease transactions. Get...

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CFPB Accuses Ejudicate of Conducting ‘Sham’ Student Loan Arbitrations
CFPB Accuses Ejudicate of Conducting ‘Sham’ Student Loan Arbitrations
October 10, 2024  |  CFPB

The CFPB has barred dispute resolution platform Ejudicate from arbitrating disputes about consumer financial products. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Credit Card Issuers Raise Rates Ahead of Late Fee Cap
Credit Card Issuers Raise Rates Ahead of Late Fee Cap
October 07, 2024  |  Credit Cards

Credit card issuers reportedly have been raising interest rates on the cards and adding new fees to make up for revenue they may lose from...

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CFPB Targets Wrongful Car Repossessions and Service Fees
CFPB Targets Wrongful Car Repossessions and Service Fees
October 07, 2024  |  CFPB

The Consumer Finance Protection Bureau (CFPB) says it’s taking action against improper automobile repossessions. Get the Full Story Complete the form to unlock this article...

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CFPB: More Loans Will Require Detailed Disclosures in 2025
CFPB: More Loans Will Require Detailed Disclosures in 2025
October 04, 2024  |  Regulation

The Consumer Financial Protection Bureau (CFPB) and Federal Reserve raised the dollar thresholds for applicability of Truth in Lending (Regulation Z) and Consumer Leasing (Regulation...

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