What if canceling a subscription were as easy as signing up for one? That was the thinking behind the Negative Option Rule — more popularly known as the “click to cancel” regulation, first proposed in 2023. That rule went into effect earlier this year, with enforcement...
This week, a judge will hear testimony that could determine the future of the CFPB. The Consumer Financial Protection Bureau (CFPB) has been on shaky ground for months, with President Donald Trump’s administration pushing to cut 90% of its staff. And as the New York...
The CFPB has dropped its case against Pennsylvania-based company Horizon Card Services. The Consumer Financial Protection Bureau (CFPB) sued Horizon and parent company Reliant Holdings last year, alleging that the company had employed deceptive marketing, charged illegal and excessive fees, and made it unreasonably tough...
America’s chief consumer finance watchdog is reportedly scaling back enforcement of financial services companies. Instead, the Consumer Financial Protection Bureau (CFPB) will focus on threats to members of the military and their families, Reuters reported Wednesday (April 16), citing an internal memo. As that report...
December 09, 2019
In today’s top news in payments, Goldman plans to launch a robo advisor for clients with lower investment capital than traditional customers, and Apple plans to offer 0 percent installment financing on iPhones bought with the Apple Card. Also, as big tech moves into the financial services industry, regulators call for more “vigilant monitoring” of […]
December 07, 2018
Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019...
March 12, 2018
A hammer? A velvet hammer? A helping hand? No one knows at this point, when it comes to a duo of acronyms now inextricably linked: The SEC and ICOs. Last week,...
September 04, 2017
Today, nationwide, Americans are celebrating the joys of hard work and earning an honest day’s living by sleeping late, going one last time to the beach and soaking up the last of...
November 23, 2025
The Consumer Financial Protection Bureau (CFPB) says its financial supervision efforts will continue next year. The regulator on Friday (Nov. 21) announced its “Humility in Supervisions Pledge,” outlining its enforcement priorities for 2026. The pledge was flagged in a report by Reuters, which noted this marks a shift: Rather than the Trump administration trying to […]
May 11, 2025
What if canceling a subscription were as easy as signing up for one? That was the thinking behind the Negative Option Rule — more popularly known as the “click to...
April 28, 2025
This week, a judge will hear testimony that could determine the future of the CFPB. The Consumer Financial Protection Bureau (CFPB) has been on shaky ground for months, with President...
April 27, 2025
The CFPB has dropped its case against Pennsylvania-based company Horizon Card Services. The Consumer Financial Protection Bureau (CFPB) sued Horizon and parent company Reliant Holdings last year, alleging that the...