Two financial industry groups say proposed consumer financial data rules don’t go far enough. The Clearing House Association and the Bank Policy Institute submitted recommendations...
From its nascent stages to its maturing as a force reshaping retail and eCommerce, installment plans, particularly buy now, pay later (BNPL) services, marked a...
The Consumer Financial Protection Bureau (CFPB) is reportedly set to face a crucial year in 2024 as the Supreme Court’s decisions loom over its plans...
December’s on the way out. Congress is quiet, on recess until the beginning of next year. The Supreme Court’s not hearing arguments at the moment....
Overdraft fees have been a flashpoint of contention in banking for a while. Critics charge that the fees are a way to gouge consumers for...
America’s consumer watchdog said U.S. Bank wrongly kept workers from unemployment benefits during the pandemic. As such, the Consumer Financial Protection Bureau ordered the bank...
American college students’ first bank accounts might end up being their worst bank accounts. A recent report by the Consumer Financial Protection Bureau (CFPB) finds that many college-sponsored...
Regulators must use their legal authorities to guard against risks posed by the growing role of large technology firms in the financial system, Rohit Chopra, director...
Affirm Holdings CEO Max Levchin says the buy now, pay later (BNPL) industry offers an alternative to high-interest credit cards. This model allows customers to...