CFPB sues Walmart, fintech for illegally opening accounts
Walmart Inc. and one of its financial technology partners allegedly opened expensive bank accounts for delivery drivers of the world’s ...
Tag: regulation
JPMorgan, Bank of America respond to CFPB lawsuit
Bank of America, JPMorgan Chase and Early Warning Services are standing firm against allegations made by the Consumer Financial Protection ...
CFPB lawsuit against bank giants is ‘regulatory overreach,’ Zelle says
The Consumer Financial Protection Bureau announced today that it has sued Early Warning Services, Bank of America, JPMorgan and Wells ...
FIs look to UK, EU to prepare for open banking
U.S. banks are enhancing tech stacks with APIs, collaborating with vendors and drawing insights from the U.K.’s open banking rule ...
Musk calls for abolishing consumer finance agency: ‘Delete CFPB’
Billionaire Elon Musk called for eliminating the Consumer Financial Protection Bureau, highlighting the renewed threat under President-elect Donald Trump to ...
Open banking: Decoding Section 1033
Ten years in the making, the Consumer Financial Protection Bureau’s recently finalized open banking rule is making waves. The rule, ...
Apple Pay, other tech firms come under CFPB regulatory oversight
The top US consumer watchdog will supervise Apple Inc. and other major technology firms that offer digital wallets and payment ...
Navy Fed to pay $95M for charging illegal overdraft fees
The Consumer Financial Protection Bureau today fined Navy Federal Credit Union for illegally charging customers overdraft fees, calling it the ...
Presidential election ‘24: Implications for AI in banking
AI might be of importance in the financial services industry, but it doesn’t seem to be top of mind for ...
CFPB fines VyStar Credit Union $1.5M for ‘bungled’ platform rollout
The Consumer Financial Protection Bureau fined VyStar Credit Union $1.5 million today for the botched rollout of a new online ...
