CFPB pause prompts concern of ‘regulatory vacuum’
Lenders must be mindful of existing consumer law and state-level enforcement despite the current pause in enforcement activity by the Consumer ...
Tag: regulation
CFPB’s Rohit Chopra fired, bureau activity paused
The Trump administration fired CFPB Director Rohit Chopra on Feb. 1 in a move that had been expected with new ...
Trump fires Biden’s Consumer Protection watchdog Rohit Chopra
Rohit Chopra, the director of the Consumer Financial Protection Bureau under President Joe Biden, was fired by the Trump administration, ...
CFPB fines fintech Wise $2.5M
Electronic money services provider Wise is being ordered by the Consumer Financial Protection Bureau to pay $2.025 million in a ...
Trump 2.0 regulatory pullback may spark change
Leaders at financial institutions across the country are expecting the second term of President Donald Trump to bring regulatory pullback, ...
CFPB fines Cash App $175M
Peer-to-peer payments app Cash App is being ordered by the Consumer Financial Protection Bureau to pay $175 million in refunds ...
CFPB claims Capital One kept customers in dark
The Consumer Financial Protection Bureau is suing Capital One for allegedly keeping its customers in the dark about its digital ...
CFPB requests public comment on consumer privacy protections
The Consumer Financial Protection Bureau published a “request for information” today asking the public to comment on data privacy protections ...
CFPB’s appointment of FDX is ‘good for banks, bad for fintechs’
Banks are better positioned to adopt the Financial Data Exchange’s data sharing protocols than are fintechs, giving banks an edge ...
FDX to set data-sharing standards for open banking
The Consumer Financial Protection Bureau has approved the Financial Data Exchange’s (FDX) application to issue standards for data sharing for ...
