CFPB

Banks’ Increased Liabilities on P2P Fraud May Have Silver Lining

Banks’ Increased Liabilities on P2P Fraud May Have Silver Lining
Banks’ Increased Liabilities on P2P Fraud May Have Silver Lining
July 19, 2022  |  Cybersecurity

Call it a reset on how the Consumer Financial Protection Bureau (CFPB) views authorized P2P fraud — and by extension, just who’s on the hook...

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CFPB Wants Banks to Pay Back Victims Scammed Using Zelle, Other P2P Services
CFPB Wants Banks to Pay Back Victims Scammed Using Zelle, Other P2P Services
July 19, 2022  |  CFPB

Victims of scams involving Zelle and other peer-to-peer (P2P) money transfer services could be getting new assistance from the Consumer Financial Protection Bureau (CFPB) by...

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Weekly TechREG US: NY Regulator Prohibits Overdraft, NSF Fees; California Probes Crypto Lender Over Withdrawal Suspensions
Weekly TechREG US: NY Regulator Prohibits Overdraft, NSF Fees; California Probes Crypto Lender Over Withdrawal...
July 15, 2022  |  Legal & Regulation

This week in TechREG, state regulators have been very active proposing new regulations and taking enforcement actions. California probed several crypto lenders for suspending withdrawals...

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CFPB Fines Bank of America $100M Over Alleged Unlawful Account Freezing
CFPB Fines Bank of America $100M Over Alleged Unlawful Account Freezing
July 14, 2022  |  CFPB

The Consumer Financial Protection Bureau announced Thursday (July 14) that it has leveled a $100 million fine at Bank of America for allegedly messing up...

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Today in TechREG: California Regulator Probes Crypto Lenders; UK Parliament Wants Visa, Mastercard to Explain Swipe Fees Hike
Today in TechREG: California Regulator Probes Crypto Lenders; UK Parliament Wants Visa, Mastercard to Explain...
July 14, 2022  |  Legal & Regulation

Today in TechREG, the U.K. Parliament sent letters to Visa and Mastercard demanding an explanation for the increase on cross-border fees after the U.K. left...

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Today in TechREG: Global Regulators Calls for Interoperable Stablecoins, CBDC; FCA Urges Banks to Treat SMBs Better
Today in TechREG: Global Regulators Calls for Interoperable Stablecoins, CBDC; FCA Urges Banks to Treat...
July 13, 2022  |  Technology

Today in TechReg news, the Bank for International Settlements and the International Organization of Securities Commissions published recommendations for central banks to make stablecoins more...

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CFPB Sues ACE Cash Express, Alleging It Funneled Customers Into Costly Reborrowing
CFPB Sues ACE Cash Express, Alleging It Funneled Customers Into Costly Reborrowing
July 12, 2022  |  CFPB

Payday lender ACE Cash Express has been accused by the Consumer Financial Protection Bureau (CFPB) of hiding free repayment alternatives from its customers. Get the...

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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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