consumer protection

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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 The Juggling Act That Can Cost Middle-Market Firms $10 Million
 The Juggling Act That Can Cost Middle-Market Firms $10 Million
April 19, 2024  |  Regulation

This week, an official with the Financial Conduct Authority (FCA), an agency tasked with overseeing firms and markets in the U.K., compared her job to...

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CFPB and EU Eye Consumer Risks of BNPL, AI and Digital Payments
CFPB and EU Eye Consumer Risks of BNPL, AI and Digital Payments
April 11, 2024  |  CFPB

Consumer protection officials for the United States and the European Commission have met to discuss three shared priorities: buy now, pay later (BNPL), digital payments...

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CFPB Monitoring Potential Risk of ‘Discount Points’ Paid by Homebuyers
CFPB Monitoring Potential Risk of ‘Discount Points’ Paid by Homebuyers
April 05, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is monitoring the increasing payment of “discount points” by homebuyers and the potential risk this may pose to consumers....

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CFPB Report: Installments Top Consumer Complaints on Personal Loans
CFPB Report: Installments Top Consumer Complaints on Personal Loans
March 29, 2024  |  Loans

The Consumer Financial Protection Bureau detailed in its 2023 Consumer Response Annual Report that consumers have been the targets of fraudulent account openings, and installment...

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CFPB Recruiting Technologists, Conducting Research to Monitor Emerging Technologies
CFPB Recruiting Technologists, Conducting Research to Monitor Emerging Technologies
March 26, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is recruiting more technologists and conducting additional research to address the role of transformative technologies in consumer financial markets....

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California Forges Ahead With AI Rules as Federal Regulations Lag Behind
California Forges Ahead With AI Rules as Federal Regulations Lag Behind
March 15, 2024  |  artificial intelligence

California’s recent vote to regulate artificial intelligence (AI) and personal data use by businesses underscores growing concern over the risks posed by these technologies in...

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Goldman: CFPB Late Fee Rules Will Hurt Citigroup the Most
Goldman: CFPB Late Fee Rules Will Hurt Citigroup the Most
March 06, 2024  |  CFPB

What will the loss of credit card late fees mean for America’s biggest banks? Get the Full Story Complete the form to unlock this article...

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CFPB Takes Aim at Consumer Credit Card Rates 
CFPB Takes Aim at Consumer Credit Card Rates 
February 16, 2024  |  Credit Cards

The Consumer Financial Protection Bureau (CFPB) aims to boost competition in the credit card industry to deliver lower rates to consumers. Get the Full Story...

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