CFPB

Today In Payments: Gojek Mulls $18 Billion Merger With Tokopedia; High-Profile Healthcare JV Haven Shuts Down
Today In Payments: Gojek Mulls $18 Billion Merger With Tokopedia; High-Profile Healthcare JV Haven Shuts...
January 05, 2021  |  News

In today’s top news, Gojek and Tokopedia are reportedly discussing an $18 billion merger, and J.P. Morgan Chase, Amazon and Berkshire Hathaway are dissolving their...

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PayPal Wins Prepaid Card Regulation Lawsuit Against CFPB
PayPal Wins Prepaid Card Regulation Lawsuit Against CFPB
January 04, 2021  |  Legal

FinTech giant PayPal has won a lawsuit against the U.S. Consumer Financial Protection Bureau (CFPB) pertaining to rules regarding prepaid cards and digital wallets, Westlaw...

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Synchrony Bank Lands CFPB OK For Dual Secured, Unsecured Credit Cards
Synchrony Bank Lands CFPB OK For Dual Secured, Unsecured Credit Cards
December 31, 2020  |  Payment Methods

Synchrony Bank will be able to offer a combination secured/unsecured credit card under a Consumer Financial Protection Bureau order posted Wednesday (Dec. 30). Get the...

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CFPB OKs Payactiv As First Earned Wage Access Provider
CFPB OKs Payactiv As First Earned Wage Access Provider
December 30, 2020  |  CFPB

Payactiv‘s Earned Wage Access (EWA) program is exempt from federal lending law under new rules from the Consumer Finance Protection Bureau (CFPB), according to a...

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CFPB Settles Student Loan Case With Discover For $35 Million
CFPB Settles Student Loan Case With Discover For $35 Million
December 23, 2020  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has settled with student loan servicers Discover Bank, The Student Loan Corporation and Discover Products (collectively Discover) in a...

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CFPB: Santander Must Pay $4.75 Million For Credit Reporting Violations
CFPB: Santander Must Pay $4.75 Million For Credit Reporting Violations
December 23, 2020  |  CFPB

Santander Consumer USA was ordered to pay $4.7 million to the Consumer Financial Protection Bureau (CFPB) for violating the Fair Credit Reporting Act (FCRA), the...

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Today In Payments: SWIFT gpi Instant Goes Live In The UK; UK Revolut Customers Get Access To Early Payday Option
Today In Payments: SWIFT gpi Instant Goes Live In The UK; UK Revolut Customers Get...
December 02, 2020  |  News

In today’s top news, SWIFT launched gpi instant for real-time cross border payments, and Revolut introduced an early payday option for U.K. users. Plus, Cyber...

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CFPB Clarifies Position On Earned Wage Access Policy; Says Programs Are Not An Extension Of Credit
CFPB Clarifies Position On Earned Wage Access Policy; Says Programs Are Not An Extension Of...
December 01, 2020  |  Payment Methods

The U.S. Consumer Financial Protection Bureau issued an advisory opinion Monday (Nov. 30) that earned wage access (EWA) products do not represent extensions of credit...

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What’s Ahead for Financial Services In A Biden Administration?
What’s Ahead for Financial Services In A Biden Administration?
November 09, 2020  |  Regulation

The transition into a new presidential administration heralds changes, with some gradual — and in other cases, sweeping — shifts in financial services. Get the Full...

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