CFPB

CFPB Probes Employer Repayment Requirements for Training, Supplies

CFPB Probes Employer Repayment Requirements for Training, Supplies
CFPB Probes Employer Repayment Requirements for Training, Supplies
June 09, 2022  |  CFPB

The Consumer Financial Protection Bureau is looking into various practices and financial products that could leave employees indebted to employers, a press release said Thursday...

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Upstart’s Request to End Regulatory Immunity Raises Question on CFPB’s Tool 
Upstart’s Request to End Regulatory Immunity Raises Question on CFPB’s Tool 
June 09, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) on Wednesday (June 8) issued an order to terminate Upstart Network from its list of approved “no action letters”...

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CFPB Could Help FTC Get Back Consumer Enforcement Tool
CFPB Could Help FTC Get Back Consumer Enforcement Tool
June 06, 2022  |  CFPB

The Federal Trade Commission (FTC) on Friday (June 3) released on its annual report to the Consumer Financial Protection Bureau (CFPB) on its enforcement and...

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Authorized Push Payment Fraud Challenges CFPB’s Open Banking Stance
Authorized Push Payment Fraud Challenges CFPB’s Open Banking Stance
May 30, 2022  |  Legal & Regulation

Despite the absence of specific legislation mandating the use of open banking in the U.S., this practice is growing across the country. Open banking —...

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TechREG Weekly US: Approach to Crypto by Lawmakers and Regulators Differ; CFPB Increases Pressure on Big Tech and Credit Card Firms 
TechREG Weekly US: Approach to Crypto by Lawmakers and Regulators Differ; CFPB Increases Pressure on...
May 27, 2022  |  Legal & Regulation

This week, U.S. policymakers and regulators made their cases on crypto assets and central bank digital currencies (CBDCs). While regulators tend to be very skeptical...

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CFPB: Credit Denials Must Have Specific, Accurate Explanations
CFPB: Credit Denials Must Have Specific, Accurate Explanations
May 26, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) wants to remind consumers that federal law requires companies to explain specific reasons for denying credit applications, even when...

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Today in TechREG: Fed’s Vice Chair Tells Congress Benefits of US CBDC; CFPB Questions Credit Card Data Practices
Today in TechREG: Fed’s Vice Chair Tells Congress Benefits of US CBDC; CFPB Questions Credit...
May 26, 2022  |  Legal & Regulation

Today in TechREG, Lael Brainard, vice chair of the Federal Reserve, on Thursday (May 26) told Congress in a hearing about the benefits and risks...

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CFPB Targets Credit Card ‘Suppressed Data’ Practices
CFPB Targets Credit Card ‘Suppressed Data’ Practices
May 26, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) announced on Wednesday, May 25 in a blog post that it has sent letters to the nation’s biggest credit...

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