New York Attorney General Letitia James sued Capital One Wednesday (May 14), alleging the bank misled its customers about the existence of a savings account that provided higher interest. The lawsuit’s allegations are similar to those made by the Consumer Financial Protection Bureau (CFPB) in...
The Consumer Financial Protection Bureau (CFPB) reportedly dropped a lawsuit against Walmart and Branch that it filed in December. The agency filed a notice of dismissal Tuesday (May 13), Bloomberg reported Tuesday. The CFPB sued Walmart and Branch on Dec. 23, alleging that the retailer and...
The Consumer Financial Protection Bureau (CFPB) is proposing to rescind the “NBR Rule” it adopted last summer that established a registry of nonbank financial companies that have broken consumer laws and are subject to federal, state or local government or court orders. The CFPB said in a proposed...
The Consumer Financial Protection Bureau (CFPB) is preparing to review its open banking rule. That rule was issued by the CFPB last fall, covering consumer-permissioned data that touches banks, FinTechs, apps and digital wallets, governing data security, liabilities and fee structures as financial institutions share...
May 12, 2025
Welcome to another edition of Washington Weekly, the series in which PYMNTS CEO Karen Webster and QED Investors partner Amias Gerety start their conversation with a Manic Monday check-in. The weekly question: How manic is this Monday? Well, turns out this Monday — even if only for the moment — was somewhat magical. The freeze […]
March 31, 2025
The on-again, off-again saga of the Consumer Financial Protection Bureau (CFPB) continues. The Trump administration on Saturday (March 29) filed a claim in the U.S. Court of Appeals asking it...
March 17, 2025
By the standards set previously in Q1, this Monday wasn’t as manic as most. In fact there’s an element of “business as usual” in this installment of the Washington Weekly...
March 03, 2025
If you’re tracking the mania in Washington, D.C., from a financial services perspective these days, you might notice that it’s starting to resemble a weather forecast. Last week was partly...
May 18, 2025
Federal judges are weighing a government appeal that could decide the fate of the Consumer Financial Protection Bureau (CFPB). These judges are trying to determine the extent to which they can order the Trump administration to operate the CFPB, Reuters reported Friday (May 16), following a hearing on the matter. The administration has, since Trump […]
May 14, 2025
New York Attorney General Letitia James sued Capital One Wednesday (May 14), alleging the bank misled its customers about the existence of a savings account that provided higher interest. The...
May 13, 2025
The Consumer Financial Protection Bureau (CFPB) reportedly dropped a lawsuit against Walmart and Branch that it filed in December. The agency filed a notice of dismissal Tuesday (May 13), Bloomberg reported...
May 13, 2025
The Consumer Financial Protection Bureau (CFPB) is proposing to rescind the “NBR Rule” it adopted last summer that established a registry of nonbank financial companies that have broken consumer laws and...
