Consumer Financial Protection Bureau

CFPB Wants to Set the Rules for How Banks Use AI

CFPB Wants to Set the Rules for How Banks Use AI
CFPB Wants to Set the Rules for How Banks Use AI
August 13, 2024  |  Artificial Intelligence

The Consumer Financial Protection Bureau (CFPB) has staked out a clear position on using artificial intelligence (AI) in financial services: There are no exceptions to...

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CFPB: Credit Repair Cloud Let Companies Collect Illegal Fees
CFPB: Credit Repair Cloud Let Companies Collect Illegal Fees
August 08, 2024  |  CFPB

Since 2013, Credit Repair Cloud has sold software and products to credit repair businesses. Get the Full Story Complete the form to unlock this article and enjoy...

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CFPB to Crack Down on ‘Predatory’ Lending in Solar Industry
CFPB to Crack Down on ‘Predatory’ Lending in Solar Industry
August 07, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) released an issue spotlight and a consumer advisory about “predatory” lending related to solar panel installations and said it...

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Standards May Pose a Challenge as Regulators Seek Data Interoperability
Standards May Pose a Challenge as Regulators Seek Data Interoperability
August 06, 2024  |  Legal & Regulation

Thousands of data fields, thousands of financial firms, nine regulatory agencies … the push toward a common thread of communications across financial services would be,...

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JPMorgan Chase Evaluates Legal Options as CFPB Scrutinizes Zelle Payments
JPMorgan Chase Evaluates Legal Options as CFPB Scrutinizes Zelle Payments
August 04, 2024  |  Cybersecurity

JPMorgan Chase could be headed for a dust-up with the Consumer Financial Protection Bureau. In its “Consolidated Financial Statements” for the six months ending June...

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Federal Financial Regulatory Agencies Propose Joint Data Standards
Federal Financial Regulatory Agencies Propose Joint Data Standards
August 02, 2024  |  Bank Regulation

Nine federal financial regulatory agencies have proposed or will propose joint data standards that would apply to data submitted to the agencies. Get the Full...

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Paycheck-to-Paycheck Consumers More Than Twice as Likely to Use BNPL
Paycheck-to-Paycheck Consumers More Than Twice as Likely to Use BNPL
August 02, 2024  |  BNPL

As shoppers look for financial tools to help them manage their budgets, those who are struggling to make ends meet are more likely to adopt...

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BNPL Firms’ New Regulatory Reality Unclear as CFPB’s Commentary Period Closes
BNPL Firms’ New Regulatory Reality Unclear as CFPB’s Commentary Period Closes
August 01, 2024  |  BNPL

The comments are in. The battle lines have been drawn. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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