CFPB

Banking Trade Associations Sue CFPB to Block Data Sharing Rule

Banking Trade Associations Sue CFPB to Block Data Sharing Rule
Banking Trade Associations Sue CFPB to Block Data Sharing Rule
October 22, 2024  |  CFPB

The Bank Policy Institute and the Kentucky Bankers Association filed a lawsuit Tuesday (Oct. 22) challenging the Consumer Financial Protection Bureau’s (CFPB) final rule on...

READ MORE >
Report: CFPB Set to Fine Goldman Sachs $50 Million After Credit Card Probe
Report: CFPB Set to Fine Goldman Sachs $50 Million After Credit Card Probe
October 22, 2024  |  Credit Cards

The Consumer Financial Protection Bureau (CFPB) reportedly is set to order Goldman Sachs to pay more than $50 million in penalties related to its handling...

READ MORE >
Open Banking’s Price Tag: CFPB’s 1033 Rule and the Cost of Compliance
Open Banking’s Price Tag: CFPB’s 1033 Rule and the Cost of Compliance
October 22, 2024  |  CFPB

The goal of the Consumer Financial Protection Bureau’s final rule on data sharing unveiled Tuesday (Oct. 22) is to promote competition and, by extension, financial...

READ MORE >
CFPB Includes Payment Apps and Data Brokers in Final Rule 1033
CFPB Includes Payment Apps and Data Brokers in Final Rule 1033
October 22, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) swung for the fences this morning (October 22) as it issued the final version of its long-awaited Rule 1033 on...

READ MORE >
BNPL Trade Group Sues CFPB Over ‘Impossible’ Disclosure Rules
BNPL Trade Group Sues CFPB Over ‘Impossible’ Disclosure Rules
October 21, 2024  |  BNPL

The suit filed last week seeking to stop a new rule from the Consumer Financial Protection Bureau (CFPB) governing buy now, pay later (BNPL) loans...

READ MORE >
FinTech Association Sues CFPB; Says BNPL Rule ‘Oversteps Legal Bounds’
FinTech Association Sues CFPB; Says BNPL Rule ‘Oversteps Legal Bounds’
October 20, 2024  |  BNPL

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...

READ MORE >
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  |  Legal & 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...

READ MORE >
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...

READ MORE >