CFPB

CFPB Fines Bank of America $100M Over Alleged Unlawful Account Freezing

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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CFPB Bolsters Data Privacy, Cybersecurity Regulations
CFPB Bolsters Data Privacy, Cybersecurity Regulations
July 07, 2022  |  Legal & 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  |  Legal & 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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