CFPB

CFPB Accuses Choice Money Transfer of Violating Remittance Rules
CFPB Accuses Choice Money Transfer of Violating Remittance Rules
October 04, 2022  |  Regulation

The Consumer Financial Protection Bureau (CFPB) is taking action against Choice Money Transfer, accusing it of multiple violations of money transfer laws. Get the Full...

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TCH Outlines Best Practices for Spotting, Fixing P2P Errors
TCH Outlines Best Practices for Spotting, Fixing P2P Errors
October 04, 2022  |  Digital Payments

With any nascent payments offering, as consumers embrace new, digital means of transacting and volumes surge, regulations and guidelines take shape. Those rules lay out...

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CFPB Boss Racks Up Enforcements as Second Year Begins
CFPB Boss Racks Up Enforcements as Second Year Begins
September 30, 2022  |  CFPB

The head of the country’s consumer financial enforcement agency is closing out its first year at the helm showing banks, FinTechs, lenders, mortgage brokers and...

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Complaints to CFPB About Crypto Rose During Market Shakeup
Complaints to CFPB About Crypto Rose During Market Shakeup
September 30, 2022  |  Cryptocurrency

The Consumer Financial Protection Bureau (CFPB) has seen a surge in consumer complaints about cryptocurrency as the crypto market has turned more volatile. Get the...

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CFPB Sues MoneyLion Over Alleged Military Lending Act Violation
CFPB Sues MoneyLion Over Alleged Military Lending Act Violation
September 29, 2022  |  CFPB

The Consumer Finance Protection Bureau (CFPB) has sued online lender MoneyLion, along with 38 of its subsidiaries, over allegedly imposing illegal charges for service members...

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Regions Bank Must Refund $141M, Pay $50M CFPB Fine for Overdraft Fees
Regions Bank Must Refund $141M, Pay $50M CFPB Fine for Overdraft Fees
September 28, 2022  |  CFPB

Charging customers with surprise overdraft fees will cost Regions Bank a total of $191 million in customer redress plus a civil monetary penalty paid to...

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US Chamber, Banking Groups Allege CFPB Overreaches on Discrimination Testing
US Chamber, Banking Groups Allege CFPB Overreaches on Discrimination Testing
September 28, 2022  |  CFPB

The U.S. Chamber of Commerce has joined several business organizations in suing the Consumer Financial Protection Bureau (CFPB), saying the agency is overstepping its bounds...

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FedEx Rout, BNPL Scrutiny Help Drive CE100 Index Down 5.3%
FedEx Rout, BNPL Scrutiny Help Drive CE100 Index Down 5.3%
September 19, 2022  |  Connected Economy

Markets were roiled this past week by concerns over inflation, and over Fed rate hikes, and over consumer demand, especially — and it may have...

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From White House, a Clear Call for Tighter Crypto Controls
From White House, a Clear Call for Tighter Crypto Controls
September 18, 2022  |  Cryptocurrency

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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