Tag: CFPB
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BNPL Profitability Remains Elusive Despite Rising Adoption – Fintech Singapore
by Fintech News Singapore December 20, 2023 Buy now, pay later (BNPL) arrangements, a type of short-term...
Billion-Dollar Bank Sending $5,000,000 to Customers After Illegally Harvesting Millions in Fees: CFPB – The Daily Hodl
A US bank with $20.5 billion in assets, loans, and deposits will send at least $5 million to thousands of customers after allegedly harvesting...
JPMorgan Chase Denies Claim After $46,000 Stolen From Customer’s Bank Account – But This Client Refused to Take ‘No’ for an Answer – The...
A woman who watched scammers steal $46,000 from her bank account says she went all-out after JPMorgan Chase denied her claim.
California resident Amanda Moon...
Bank of America To Pay $12,000,000 Fine for Repeatedly Breaking the Law, Sending False Information to Regulators – The Daily Hodl
One of the largest banks in the country is getting slapped with a multi-million dollar fine from the Consumer Financial Protection Bureau (CFPB).
The agency...
Major US Bank Will Hand Out $1,400,000 for Treating Group of Americans As Criminals, Giving ‘Fake Reasons’ To Deny Services: CFPB – The Daily...
The Consumer Financial Protection Bureau (CFPB) says it’s ordering financial giant Citibank to shell out over a million dollars to potential customers who were...
Lending Giant Fined $15,000,000 for Withdrawing Funds From Bank Accounts Without Consent, Deceiving Customers With False Statements – The Daily Hodl
One of the largest licensed lenders in the US will pay a $15 million fine for “widespread illegal conduct” including withdrawing funds from customers’...
Crypto && Coffee 146
Crypto && Coffee 146November 17, 2023CipherTrace EngineeringTechnology Recap:BitcoinThe term "Bitcoin" can either refer to Bitcoin the network, ... More:Ethereum:Christine Kim of Galaxy provides the...
CFPB Wants to Oversee Large Nonbank Digital Payment Providers
By Jeremy McLaughlin, Andrew Hinkes, and Josh Durham
Yesterday the Consumer Financial Protection Bureau (CFPB) issued a Notice of Proposed Rulemaking...
Will Merchant Sites Continue to Adopt Flexible Payments?
The e-commerce landscape has
witnessed a significant transformation in the way consumers make payments.
Traditional methods, like credit and debit cards, are no longer the exclusive
choices....
The CFPB Formally Proposes 1033 Open Banking Rule – Finovate
The U.S. Consumer Financial Protection Bureau (CFPB) took a step in the direction of formalizing open banking regulation today. The agency proposed a...
When the CFPB States Banks Cannot Charge for “Basic” Customer Service – Finovate
The Consumer Financial Protection Bureau (CFPB) issued its first advisory opinion offering guidance on section 1034(c) of the Consumer Financial Protection Act (CFPA),...
California Gov. Newsom greenlights crypto regulation bill for 2025
California Governor Gavin Newsom has approved a cryptocurrency bill that enforces stricter regulations on businesses conducting crypto operations, set to begin in 18 months. In...
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