CFPB

CFPB to Increase Use of Advisory Opinions as Rulemaking Alternative

CFPB to Increase Use of Advisory Opinions as Rulemaking Alternative
CFPB to Increase Use of Advisory Opinions as Rulemaking Alternative
July 08, 2022  |  CFPB

In recent months, the Consumer Financial Protection Bureau (CFPB) has increased the use of soft tools, such as advisory opinions, circulars or blog posts, to...

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CFPB Bolsters Data Privacy, Cybersecurity Regulations
CFPB Bolsters Data Privacy, Cybersecurity Regulations
July 07, 2022  |  Regulation

The Consumer Financial Protection Bureau (CFPB) on Thursday (July 7) handed down new data privacy and cybersecurity regulations to dictate how companies can use and...

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CFPB’s Innovation Sandbox Too Slow for Fast-Moving Startups
CFPB’s Innovation Sandbox Too Slow for Fast-Moving Startups
July 06, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has terminated special regulatory treatments for two companies, Payactiv and Upstart, in less than one month, losing more than...

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TechREG Weekly US: Former OCC Head Weighs in on SEC vs CFTC Crypto Oversight, Fed Prioritizes FedNow over Fedwire; CFPB Warns Debt Collectors about Fees 
TechREG Weekly US: Former OCC Head Weighs in on SEC vs CFTC Crypto Oversight, Fed...
July 01, 2022  |  Regulation

This week in TechREG, the debate about which regulator should oversee crypto assets continued with a former head of the Office of the Comptroller of...

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Today in FinTech: GetVantage Raises $36M; Apple Allows Third-Party Payments in S Korea
Today in FinTech: GetVantage Raises $36M; Apple Allows Third-Party Payments in S Korea
June 30, 2022  |  Technology

In today’s FinTech news, GetVantage secures $36 million to grow its footprint in Southeast Asia, while Apple has to take a reduced commission in South...

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CFPB Ends Special Regulatory Treatment for Payactiv
CFPB Ends Special Regulatory Treatment for Payactiv
June 30, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has ended financial services provider Payactiv’s Sandbox Approval Order for its earned wage access products. Get the Full Story...

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Today in TechREG: EU Agrees on Strong AML Rules for Crypto Transactions; CFPB Warns Debt Collectors About Fees
Today in TechREG: EU Agrees on Strong AML Rules for Crypto Transactions; CFPB Warns Debt...
June 30, 2022  |  Regulation

Today in TechREG, European Union negotiators have reached an agreement about the scope of anti-money laundering (AML) rules for cryptocurrency transactions. While most of the...

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CFPB Warns Debt Collectors About Fees
CFPB Warns Debt Collectors About Fees
June 30, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) on Wednesday (June 29) issued an advisory opinion warning debt collectors that most “pay-to-pay” fees that they often charge...

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Today in TechREG: EU Lawmakers Look to Pass Online Platform Bills Next Week; Wells Fargo, Zelle Dodged Fraud Lawsuit
Today in TechREG: EU Lawmakers Look to Pass Online Platform Bills Next Week; Wells Fargo,...
June 29, 2022  |  Regulation

Today in TechREG, allegations of fraud and scams against Walmart, Wells Fargo and Zelle followed very different paths. Whereas the lawsuit against the banking giant...

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