CFPB

CFPB Bans Enova From Offering Certain Consumer Loans
CFPB Bans Enova From Offering Certain Consumer Loans
November 15, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has ordered online lender Enova International to pay a $15 million penalty, banned it from offering certain consumer loans...

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Fed and CFPB Raise Dollar Thresholds for Lending, Leasing Rules
Fed and CFPB Raise Dollar Thresholds for Lending, Leasing Rules
November 13, 2023  |  Regulation

The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) have raised the dollar thresholds for applicability of Truth in Lending and Consumer Leasing rules. In 2024, Truth...

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CFPB’s New Rules Target 13 Billion Big Tech App and Digital Wallet Transactions
CFPB’s New Rules Target 13 Billion Big Tech App and Digital Wallet Transactions
November 08, 2023  |  Regulation

Will new rules governing digital wallets and apps blunt Big Tech innovations — or put desperately needed guardrails in place? The Consumer Financial Protection Bureau’s...

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CFPB Proposes Oversight for Big Tech and Digital Wallet Providers
CFPB Proposes Oversight for Big Tech and Digital Wallet Providers
November 07, 2023  |  Regulation

In a move to ensure consumer protection and regulatory oversight, the Consumer Financial Protection Bureau (CFPB) is proposing to supervise larger nonbank companies that offer...

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Fiserv: Collaboration and Communication Help FIs and FinTechs Navigate Uncertain Regulatory Landscape
Fiserv: Collaboration and Communication Help FIs and FinTechs Navigate Uncertain Regulatory Landscape
November 02, 2023  |  Regulation

The steady drumbeat of legislation and regulation echoes through federal buildings in Washington, D.C. and through state capitols across the country.  Kim Ford, senior vice...

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Durbin Sets Sights on Frequent Flyer Rewards and Takes CCCA Battle to the Skies
Durbin Sets Sights on Frequent Flyer Rewards and Takes CCCA Battle to the Skies
October 31, 2023  |  Loyalty & Rewards

The fight over the Credit Card Competition Act (CCCA) has taken to the skies. This week, Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kan., who...

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Companies Need to Be ‘Adaptive’ and ‘Curious’ in 2024 as Regulations Loom
Companies Need to Be ‘Adaptive’ and ‘Curious’ in 2024 as Regulations Loom
October 27, 2023  |  Regulation

Kathryn McCall, chief legal and compliance officer at Trustly, said that as 2023 gives way to 2024, there are a few simple truths governing payments....

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CFPB: Annual Consumer Spending on Credit Cards Hit $3.2 Trillion in 2022
CFPB: Annual Consumer Spending on Credit Cards Hit $3.2 Trillion in 2022
October 25, 2023  |  Debt

Consumers have been racking up credit card debt in the time since pandemic-era relief programs ended. Total outstanding credit card debt topped $1 trillion at...

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Battle Over CFPB Small Business Data Collection Continues After Senate Vote
Battle Over CFPB Small Business Data Collection Continues After Senate Vote
October 22, 2023  |  Regulation

The battle over the Consumer Financial Protection Bureau’s (CFPB) efforts around small business data collection continues following a Senate vote to reverse that rule. The Senate...

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