CFPB

Report: CFPB Probe of Zelle Expected to Include BofA and Wells Fargo

Report: CFPB Probe of Zelle Expected to Include BofA and Wells Fargo
Report: CFPB Probe of Zelle Expected to Include BofA and Wells Fargo
August 07, 2024  |  Fraud Prevention

The Consumer Financial Protection Bureau (CFPB) is reportedly looking into how some of the biggest U.S. banks handle complaints from customers who dispute transactions made through Zelle. Get...

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Standards May Pose a Challenge as Regulators Seek Data Interoperability
Standards May Pose a Challenge as Regulators Seek Data Interoperability
August 06, 2024  |  Legal & Regulation

Thousands of data fields, thousands of financial firms, nine regulatory agencies … the push toward a common thread of communications across financial services would be,...

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JPMorgan Chase Evaluates Legal Options as CFPB Scrutinizes Zelle Payments
JPMorgan Chase Evaluates Legal Options as CFPB Scrutinizes Zelle Payments
August 04, 2024  |  Cybersecurity

JPMorgan Chase could be headed for a dust-up with the Consumer Financial Protection Bureau. In its “Consolidated Financial Statements” for the six months ending June...

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Federal Financial Regulatory Agencies Propose Joint Data Standards
Federal Financial Regulatory Agencies Propose Joint Data Standards
August 02, 2024  |  Bank Regulation

Nine federal financial regulatory agencies have proposed or will propose joint data standards that would apply to data submitted to the agencies. Get the Full...

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Paycheck-to-Paycheck Consumers More Than Twice as Likely to Use BNPL
Paycheck-to-Paycheck Consumers More Than Twice as Likely to Use BNPL
August 02, 2024  |  BNPL

As shoppers look for financial tools to help them manage their budgets, those who are struggling to make ends meet are more likely to adopt...

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BNPL Firms’ New Regulatory Reality Unclear as CFPB’s Commentary Period Closes
BNPL Firms’ New Regulatory Reality Unclear as CFPB’s Commentary Period Closes
August 01, 2024  |  BNPL

The comments are in. The battle lines have been drawn. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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BNPL Regulation Debate Heats Up as Comment Period Closes
BNPL Regulation Debate Heats Up as Comment Period Closes
July 31, 2024  |  BNPL

Klarna argues for a bespoke regulatory framework, while AARP supports the rule, emphasizing the need for consumer protections as buy now, pay later (BNPL) usage...

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Regulators Have Been Sounding the Drip Pricing Alarm for Years
Regulators Have Been Sounding the Drip Pricing Alarm for Years
July 31, 2024  |  Legal & Regulation

Washington, D.C., Attorney General Brian Schwalb’s new lawsuit against StubHub is just the latest occasion to call attention to practices that regulators have been contesting...

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