As financial services become more digital, consumer advocates on both sides of the Atlantic are taking notice. To that end, Didier Reynders, commissioner for justice...
The grills are hot. The July Fourth fireworks are primed to sizzle in the night sky. For Big Tech, a long hot summer may give...
At the latest hearing focused on the Consumer Financial Protection Bureau, things got heated even before Director Rohit Chopra uttered a word. At the Wednesday...
America’s consumer protection watchdog says it’s monitoring the banking sector’s use of AI-powered chatbots. The Consumer Financial Protection Bureau (CFPB) said Tuesday (June 6) that...
OneMain Financial, a nonbank personal loan installment lender, has been slapped with $20 million in redress and penalties by the Consumer Financial Protection Bureau (CFPB)...
America’s consumer watchdog is among the many organizations beefing up its artificial intelligence (AI) safeguards. In an interview with The Associated Press on Friday (May 26),...
The head of the Consumer Financial Protection Bureau (CFPB) says big banks should pay for insuring “uninsured” depositors. CFPB Director Rohit Chopra, who is a member of the Federal...
The words “systemic” and “risk” have been on everyone’s lips in the past few weeks. And for Big Tech, at least, the regulatory gaze will...
The Consumer Financial Protection Bureau is reminding lenders of its 13-year-old rule against “abusive” conduct. The CFPB issued a policy statement Monday (April 3) explaining...