CFPB

CFPB OKs Payactiv As First Earned Wage Access Provider

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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CFPB Loosens Restrictions On Debtor Contact
CFPB Loosens Restrictions On Debtor Contact
November 03, 2020  |  Debt

Debt collection is ready to enter the digital age. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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US Inches Toward Open Banking With CFPB Notice
US Inches Toward Open Banking With CFPB Notice
October 29, 2020  |  B2B Payments

With more and more FinTechs introducing their own banking services, the competition is heating up. Get the Full Story Complete the form to unlock this...

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CFPB Faces Contention On Loan Data For Minority, Women-Owned Businesses
CFPB Faces Contention On Loan Data For Minority, Women-Owned Businesses
September 17, 2020  |  B2B Payments

The Consumer Finance Protection Bureau (CFPB) has a new plan for how it looks at data from minority- and women-owned businesses, according to a report...

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