CFPB

Credit Union National Association Backs Inquiry Into Tech Giants’ Payment Policies

Credit Union National Association Backs Inquiry Into Tech Giants’ Payment Policies
Credit Union National Association Backs Inquiry Into Tech Giants’ Payment Policies
December 22, 2021  |  Legal & Regulation

The Credit Union National Association (CUNA) this week backed the Consumer Financial Protection Bureau’s (CFPB) probe of Google, Apple, Facebook, Amazon, Square and PayPal’s payments...

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CFPB Shuts Down LendUp’s New Loan Business, Fines FinTech
CFPB Shuts Down LendUp’s New Loan Business, Fines FinTech
December 21, 2021  |  CFPB

The Consumer Finance Protection Bureau (CFPB) has said LendUp Loans has to pay a $100,000 penalty, stop issuing loans and stop collecting some outstanding ones...

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Merchant Policies Could Come Under CFPB Scrutiny as Part of BNPL Inquiry
Merchant Policies Could Come Under CFPB Scrutiny as Part of BNPL Inquiry
December 20, 2021  |  BNPL

Reminiscent of government hearings in the late 1960s over potential credit card debt dangers, the Consumer Financial Protection Bureau (CFPB) is now inquiring into issuance,...

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BNPL Stock Prices Crash Amid CFPB Investigation
BNPL Stock Prices Crash Amid CFPB Investigation
December 17, 2021  |  BNPL

The Consumer Financial Protection Bureau said Thursday (Dec. 16) it wants details from several high-profile buy now, pay later (BNPL) firms — Affirm, Afterpay, Klarna,...

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CFPB Probes Big Five Buy Now, Pay Later Providers Over Data Use, Debt Accumulation
CFPB Probes Big Five Buy Now, Pay Later Providers Over Data Use, Debt Accumulation
December 17, 2021  |  BNPL

The Consumer Financial Protection Bureau (CFPB) opened on December 16 an inquiry into Buy Now, Pay Later (BNPL) to better understand the risks and benefits...

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CFPB Works With Global Regulators to Target BNPL
CFPB Works With Global Regulators to Target BNPL
December 16, 2021  |  CFPB

Citing concerns about the buy now, pay later (BNPL) sector, the Consumer Financial Protection Bureau has ordered five BNPL firms to turn over information about...

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Data Privacy Concerns Rising in Tandem With Rapid Uptake of Data Aggregators
Data Privacy Concerns Rising in Tandem With Rapid Uptake of Data Aggregators
December 15, 2021  |  Cybersecurity

No surprise: In the great digital shift, many consumers have turned to third-party apps to access their financial data. Yet those consumers are less than...

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CFPB Looks Forward to Tech, After a Year Focused on Mortgages and Lending Practices
CFPB Looks Forward to Tech, After a Year Focused on Mortgages and Lending Practices
December 03, 2021  |  CFPB

Predicting the Consumer Financial Protection Bureau’s agenda for 2022 based on this year’s rulemaking isn’t quite as easy this year, as the bureau was without...

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