Fifth Third must invest in tech to manage regulatory risk
Fifth Third Bank applied legacy practices to its digital account opening process, which has led to regulatory scrutiny. The Consumer ...
Tag: regulation
CFPB proposes earned wage access rule
The Consumer Financial Protection Bureau proposed an interpretive rule affecting earned wage products, or paycheck advance products, ensuring that employees ...
Fifth Third, CFPB settlement a positive for bank, analyst says
Fifth Third Bank was fined $15 million by the Consumer Financial Protection Bureau today for allegedly opening fake accounts in ...
CFPB solicits stakeholders to form open banking framework
The Consumer Financial Protection Bureau is soliciting financial services stakeholders to help form a framework for sharing data ahead of ...
New rule makes BNPL sustainable in long term, experts say
The new Consumer Financial Protection Bureau rule putting buy now, pay later providers in the same category as credit card ...
75% of global banks unprepared for open banking
Most financial institutions are not ready for open banking, but the tedious task of prepping bank platforms can be streamlined ...
CFPB fines Chime $3.25M
Chime Financial was fined $3.25 million by the Consumer Financial Protection Bureau today as the digital bank has failed to ...
Capital One waiting for regulatory approval of Discover acquisition
As it waits for regulators to approve its $35 billion acquisition of payments network Discover, Capital One is “fully mobilized ...
Cap One could dodge law requiring added processing capacity
Capital One could be excluded from the proposed Credit Card Competition Act of 2023 if its acquisition of Discover Financial ...
Open banking: API ownership, liability
Data protection protocols were among the top concerns raised after the Consumer Financial Protection Bureau gave consumers and the industry ...
