CFPB

Capital One Reportedly Settling Savings Account Suit for $425 Million
Capital One Reportedly Settling Savings Account Suit for $425 Million
May 18, 2025  |  Banking

Capital One will reportedly pay $425 million to settle a lawsuit accusing it of cheating savings account depositors. Get the Full Story Complete the form...

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New York Sues Capital One, Pursuing Similar Case CFPB Dropped
New York Sues Capital One, Pursuing Similar Case CFPB Dropped
May 14, 2025  |  Legal

New York Attorney General Letitia James sued Capital One Wednesday (May 14), alleging the bank misled its customers about the existence of a savings account...

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CFPB Drops Lawsuit Against Walmart and FinTech Company Branch
CFPB Drops Lawsuit Against Walmart and FinTech Company Branch
May 13, 2025  |  Walmart

The Consumer Financial Protection Bureau (CFPB) reportedly dropped a lawsuit against Walmart and Branch that it filed in December. Get the Full Story Complete the...

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CFPB Aims to Rescind Regulation Requiring Registry of Consumer Law-Breaking Nonbank Financial Companies
CFPB Aims to Rescind Regulation Requiring Registry of Consumer Law-Breaking Nonbank Financial Companies
May 13, 2025  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is proposing to rescind the “NBR Rule” it adopted last summer that established a registry of nonbank financial companies that...

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CFPB Open Banking Review Could Place Banks and FinTechs at Odds
CFPB Open Banking Review Could Place Banks and FinTechs at Odds
May 13, 2025  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is preparing to review its open banking rule. Get the Full Story Complete the form to unlock this article...

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One Year After Synapse, How Much Have We Really Learned?
One Year After Synapse, How Much Have We Really Learned?
May 12, 2025  |  Regulation

Welcome to another edition of Washington Weekly, the series in which PYMNTS CEO Karen Webster and QED Investors partner Amias Gerety start their conversation with...

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Data Security Guardrails Critical Regardless of Open Banking Rule’s Fate
Data Security Guardrails Critical Regardless of Open Banking Rule’s Fate
May 12, 2025  |  Regulation

Whether a reworking or an outright rescission of the Consumer Financial Protection Bureau’s open banking rule is on the horizon, some of the most basic...

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Jonathan McKernan to Be Nominated for Post at Treasury Instead of CFPB
Jonathan McKernan to Be Nominated for Post at Treasury Instead of CFPB
May 09, 2025  |  Politics

Former Federal Deposit Insurance Corp. (FDIC) Board Member Jonathan McKernan will be nominated to serve in a post at the Treasury Department after previously being nominated to lead the Consumer...

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CFPB Halts Enforcement of 67 Guidance Documents Pending Review
CFPB Halts Enforcement of 67 Guidance Documents Pending Review
May 09, 2025  |  Regulation Roundup

The Consumer Financial Protection Bureau (CFPB) said Friday (May 9) that it is withdrawing 67 guidance documents issued by the agency since it opened its doors...

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