Consumer Financial Protection Bureau

FinTechs Believe CFPB’s 1033 Rule Will Bring ‘Clarity’ to Data Sharing and Foster Financial Services Innovation
FinTechs Believe CFPB’s 1033 Rule Will Bring ‘Clarity’ to Data Sharing and Foster Financial Services...
February 14, 2024  |  Regulation

Matt Janiga, legal counsel and director of regulatory and public affairs at Trustly, told PYMNTS that the Consumer Financial Protection Bureau’s open banking rule, commonly...

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Earned Wage Access Debate Set to Heat Up Between FinTechs and Regulators
Earned Wage Access Debate Set to Heat Up Between FinTechs and Regulators
February 09, 2024  |  Payroll

The debate between regulators and FinTechs over the state of earned wage access (EWA) innovations looks set to heat up through the next several months....

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TCH: CFPB Data Rule Will Require Stronger Public-Private Collaboration to Safeguard Consumer Interests
TCH: CFPB Data Rule Will Require Stronger Public-Private Collaboration to Safeguard Consumer Interests
February 08, 2024  |  Regulation

Anticipation looms within the financial industry as the Consumer Financial Protection Bureau gears up to implement a rule governing consumer data sharing. The CFPB said...

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Department Stores Face Financial Pressure From Proposed Junk Fee Ban
Department Stores Face Financial Pressure From Proposed Junk Fee Ban
February 07, 2024  |  Credit Cards

The changing credit card landscape could mean trouble for department stores. Retailers like Macy’s and Nordstrom are dealing with a pair of card-related threats to...

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Lawmakers Oppose CFPB’s Proposed Rule on Supervising Nonbank Financial Firms
Lawmakers Oppose CFPB’s Proposed Rule on Supervising Nonbank Financial Firms
January 30, 2024  |  CFPB

Three members of Congress have urged the Consumer Financial Protection Bureau (CFPB) to reopen and extend the public comment period on its proposed rule that would allow it to...

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CFPB Proposes Banning NSF Fees on Declined Real-Time Payments
CFPB Proposes Banning NSF Fees on Declined Real-Time Payments
January 24, 2024  |  CFPB

The Consumer Financial Protection Bureau proposed a new rule to prevent banks and other financial institutions from charging non-sufficient funds fees on transactions declined in...

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CFPB Sues Strategic Financial Solutions Over Alleged Fee Collection
CFPB Sues Strategic Financial Solutions Over Alleged Fee Collection
January 19, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) announced Friday (Jan. 19) that it has launched a lawsuit against Strategic Financial Solutions (SFS), charging it with running an...

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CFPB Says Overdraft Fees Are Junk Fees — But Are They?
CFPB Says Overdraft Fees Are Junk Fees — But Are They?
January 17, 2024  |  Bank Regulation

Labels are popular on Capitol Hill. And this week the labels are flying fast and furiously, aimed at big banks and credit unions. The Consumer...

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CFPB Moves to Close ‘Outdated’ Bank Overdraft Loophole
CFPB Moves to Close ‘Outdated’ Bank Overdraft Loophole
January 17, 2024  |  Bank Regulation

The White House wants to limit the overdraft fees banks can charge customers. To that end, the U.S. Consumer Financial Protection Bureau (CFPB) on Wednesday (Jan. 17)...

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