CFPB

Block ‘Disappointed’ After CFPB Said It Slow-Rolled Cash App Probe

Block ‘Disappointed’ After CFPB Said It Slow-Rolled Cash App Probe
Block ‘Disappointed’ After CFPB Said It Slow-Rolled Cash App Probe
August 19, 2022  |  CFPB

A Block spokesperson told PYMNTS Friday (Aug. 19) that the company is “disappointed” that the Consumer Financial Protection Bureau (CFPB) has filed a petition for...

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Banking-as-a-Service FinTechs Tread New Regulatory Waters
Banking-as-a-Service FinTechs Tread New Regulatory Waters
August 16, 2022  |  Legal & Regulation

In a policy letter that read like part announcement and part warning, the Consumer Financial Protection Bureau (CFPB) put FinTechs on notice in April, with...

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CFPB Provides Guidance to Other Agencies on Data Security Enforcement
CFPB Provides Guidance to Other Agencies on Data Security Enforcement
August 11, 2022  |  CFPB

Saying financial companies that fail to safeguard consumer data may be violating federal law, the Consumer Financial Protection Bureau (CFPB) has published guidance on the...

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CFPB: Financial Marketers Must Adhere to Consumer Law
CFPB: Financial Marketers Must Adhere to Consumer Law
August 10, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is warning digital marketing companies working with financial firms that they must comply with federal law. Get the Full...

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Hello Digit Hit By $2.7M CFPB Fine Over Fees Connected to Automated Savings 
Hello Digit Hit By $2.7M CFPB Fine Over Fees Connected to Automated Savings 
August 10, 2022  |  Bank Regulation

A faulty algorithm caused overdraft penalties for automated savings withdrawals for customers of Hello Digit and it has neglected to make good on promises, the...

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Rep. Waters: Hold Equifax, Leadership Accountable for Erroneous Credit Scores
Rep. Waters: Hold Equifax, Leadership Accountable for Erroneous Credit Scores
August 10, 2022  |  Legal & Regulation

Rep. Maxine Waters (D-Calif.) has said credit reporting firm Equifax and its leaders should be held accountable for selling erroneous credit scores to lenders, and...

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CFPB Probes Goldman’s GM, Apple Credit Card Business Practices
CFPB Probes Goldman’s GM, Apple Credit Card Business Practices
August 04, 2022  |  CFPB

Goldman Sachs said Thursday (Aug. 4) it is cooperating with an investigation by the Consumer Financial Protection Bureau (CFPB) into its credit card business. Get...

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Joint DOJ, CFPB Letter Puts Auto Financiers on Notice About Military Protections
Joint DOJ, CFPB Letter Puts Auto Financiers on Notice About Military Protections
July 29, 2022  |  CFPB

Auto finance companies were sent a joint letter from the U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) alerting them about...

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