CFPB’s latest layoffs halted in setback to shutdown effort
The Consumer Financial Protection Bureau may not proceed with agencywide job cuts, while a D.C. federal court weighs whether the ...
Tag: Consumer Financial Protection Bureau
CFPB workers receive layoff notices in new bid to shutter agency
The Consumer Financial Protection Bureau issued another round of termination notices to staff on Thursday, the latest effort to dismantle ...
CFPB drops lawsuit against US banks over alleged fraud on Zelle
The Consumer Financial Protection Bureau dismissed another Biden-era lawsuit, this one targeting some of the world’s largest banks for allegedly ...
Plaid’s revenue, usage rates jump as CEO sees ‘fintech spring’
Revenue at Plaid Inc., which provides the pipes fintechs and banks use to talk to each other, jumped more than ...
Promise and peril: Fairness in AI-based lending
Artificial intelligence has revolutionized credit decisioning. What was once a slow, manual and subjective process is becoming highly automated, and ...
Fintechs target 32M unbanked, underbanked households in US
With more than one-quarter of U.S. households unbanked or underbanked according to data from the FDIC, fintechs have long promised ...
Backed by $131m, Grasshopper Bank to roll out broadly next month
New York-based Grasshopper Bancorp, which opened for business to a select group of entrepreneurs and investors earlier this month, this ...
Bank of America SMB Loan Origination Up 6% Despite Crowded Lending Scene
Even with more nontraditional players making more loans to small businesses, loan origination at Bank of America is still up ...
CFPB Reassures Fintechs with ‘No-Action’ Letter for Upstart Network
Online lending service Upstart Network has received a “no-action” letter from the Consumer Financial Protection Bureau, the first such letter ...
American Consumers Pay a $15 Billion in Overdraft Fees Annually
The Consumer Financial Protection Bureau (CFPB) wants the U.S. consumer “to know before you owe” banks overdraft fees. So how ...
