Consumer Financial Protection Bureau

CFPB Says BNPL Must Provide Consumer Protections Offered by Credit Cards

CFPB Says BNPL Must Provide Consumer Protections Offered by Credit Cards
CFPB Says BNPL Must Provide Consumer Protections Offered by Credit Cards
May 22, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) ruled Wednesday (May 22) that buy now, pay later (BNPL) vendors are credit card providers and must provide some...

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CFPB Orders Western Benefits Group to Cease Operations, Pay $400,000
CFPB Orders Western Benefits Group to Cease Operations, Pay $400,000
May 20, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau ordered Western Benefits Group to permanently cease operations and to pay a $400,000 penalty. Get the Full Story Complete the form to unlock this article...

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Congress Sets Stage for FinServ Regulation to Heat Up This Summer
Congress Sets Stage for FinServ Regulation to Heat Up This Summer
May 20, 2024  |  Legal & Regulation

As the Consumer Financial Protection Bureau got an effective “green light” from the Supreme Court to keep operating, and as several bills have made their way out of committee...

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Federal Regulations Remain Under Fire After Supreme Court’s CFPB Ruling
Federal Regulations Remain Under Fire After Supreme Court’s CFPB Ruling
May 17, 2024  |  Legal & Regulation

The Thursday (May 16) decision by the Supreme Court to uphold the funding mechanism of the Consumer Financial Protection Bureau (CFPB) has been hailed as a victory for supporters...

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SoLo Funds ‘Blindsided’ by CFPB Lawsuit
SoLo Funds ‘Blindsided’ by CFPB Lawsuit
May 17, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau sued SoLo Funds, alleging that the online lending platform used “digital dark patterns” to illegally collect fees from borrowers. Get the Full Story Complete...

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Supreme Court Ruling on CFPB Paves Path for Open Banking
Supreme Court Ruling on CFPB Paves Path for Open Banking
May 16, 2024  |  CFPB

Reading the Thursday (May 16) Supreme Court ruling upholding the constitutionality of the Consumer Financial Protection Bureau’s funding mechanisms — and ensuring the agency’s survival — takes one through centuries of...

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Supreme Court Rules CFPB Funding Mechanism Constitutional
Supreme Court Rules CFPB Funding Mechanism Constitutional
May 16, 2024  |  CFPB

The Supreme Court ruled Thursday (May 16) that the Consumer Financial Protection Bureau’s funding mechanism is constitutional. Get the Full Story Complete the form to unlock this article...

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Supreme Court Ruling on CFPB’s Fate May Rewrite the Rules of Banking and Credit
Supreme Court Ruling on CFPB’s Fate May Rewrite the Rules of Banking and Credit
May 14, 2024  |  CFPB

For the Consumer Financial Protection Bureau (CFPB), the courts have been a hotbed of action, lawsuits, appeals and back-and-forth between lawyers. Get the Full Story Complete the form...

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