Tag: Consumer Financial Protection Bureau
Pixels and Pennies: The Looming Clash Between Gamers and the Payment Industry
For generations, video
games have been playgrounds of pure escapism. We've slain pixelated dragons,
solved fantastical puzzles, and explored sprawling digital worlds, all at the
cost of...
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Borrower beware: How to avoid being scammed when looking for a loan
Scams
Personal loan scams prey on your financial vulnerability and might even trap...
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of World Acceptance Corporation (WRLD) on Behalf of Investors
LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on...
Preparing for the Next Evolution of Buy Now, Pay Later…And Beyond
Recent holiday shopping season
data showed U.S. shoppers spent $16.6 billion dollars using BNPL plans, with BNPL volume increasing 14% year-over-year.
A
survey by the...
Beyond Transactions: Crafting Value in A2A Dynamics
As the Consumer Financial Protection Bureau (CFPB) in the United States
paves the way for open banking, the spotlight is turning to the untapped
potential of...
Behind the Headlines: The Delicate Dance of Data Security in Open Banking
In a recent comment letter, the Bank Policy Institute (BPI) and The
Clearing House (TCH) expressed reservations about the Consumer Financial
Protection Bureau's (CFPB) open banking...
The BNPL Regulatory Landscape: A Close Look at NY and Global Developments
The world of Buy Now, Pay Later (BNPL) services is undergoing significant
regulatory scrutiny, and New York Governor Kathy Hochul is at the forefront,
aiming to...
Securing Trust: BPI and TCH Advocate Rigorous Rules to Safeguard Consumer Financial Data
In a concerted effort to fortify the protection of consumer financial data,
the Clearing House Association and Bank Policy Institute (BPI) have presented a
collective response...
BNPL Under the Capitol Lens: Senators Sound Alarm
In a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit
Chopra, three Democratic senators, led by Sen. Sherrod Brown, raised concerns
about the potential exploitation...
JPMorgan Chase Allegedly Refuses to Reimburse Customer After Thief Launches $1,500 Spending Spree on Uber: Report – The Daily Hodl
JPMorgan Chase is accused of refusing to stand by a customer after a thief launched an alleged $1,500 unauthorized spending spree on Uber.
A post...
$10,000 Exits Wells Fargo Account and Allegedly Vanishes, Triggering Lawsuit Against Two US Banks: Report – The Daily Hodl
A North Carolina couple is suing banking giants Wells Fargo and Truist after thousands of dollars allegedly disappeared without a trace.
Court documents show Kevin...
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...
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