PYMNTS

FEBRUARY 3, 2020

As noted by the news outlet, the government will leverage existing antitrust law, and any fines or regulatory actions tied to the new mandates would be the purview of the Fair Trade Commission (FTC). Separately, late last week, the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Citizens Bank.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) CFPB Digital Currency Central Bank 52

PYMNTS

MARCH 8, 2016

On Monday (March 7), the president met with Federal Reserve Chair Janet Yellen and other top regulators at the White House to discuss the progress of their attempt to rein in banks and trading firms with the Dodd-Frank Wall Street Reform and Consumer Protection Act , which was signed into law back in 2010.

Federal Reserve 40

Federal Reserve Regulations Consumer Protection Laws 40

PYMNTS

MAY 30, 2018

The Economic Growth, Regulatory Relief and Consumer Protection Act loosened some of the regulations on small financial institutions, including community banks whose customers included many small businesses. In the 10 years following the financial crisis, the U.S.

Underwriting 46

Underwriting Small Business Federal Reserve Community Banks 46

PYMNTS

APRIL 1, 2020

This is thanks to a 2010 federal law known as the Durbin Amendment, which requires that merchants be able to select from at least two unaffiliated networks through which they can route their transactions.

Debit Card 56

Debit Card Electronic Funds Transfer (EFT) Debit Transaction Federal Reserve 56

PYMNTS

OCTOBER 14, 2016

But Takach is confident that the law will catch up with technological innovation. The father-and-son team began experimenting with bitcoin in 2010, and their experience with electrical, plumbing and home heating systems gave them “an understanding of what these machines require.” versus Canada, according to NewsBTC.

Bitcoin 77

Bitcoin Blocks Central Bank Digital Currency 77

Global Fintech & Digital Assets

NOVEMBER 1, 2023

A recent report by the Alan Turing Institute scrutinised the potential risks and benefits associated with the use of AI in financial services.Some of the key risks identified include: Consumer Protection: AI has the potential to be used to assist in better understanding customers’ needs and characteristics.

AI 52

AI Regulations Financial Crimes Governance 52

PYMNTS

JANUARY 24, 2017

The now-sitting Trump administration has made no secret that it is no fan of the Dodd-Frank legislation that enables the Consumer Finance Protection Bureau to exist, and the Bureau itself has drawn the critical ire of the new President.

CFPB 40

CFPB Underwriting Enrollments Laws 40

FICO

JANUARY 4, 2018

While there have been more wide-sweeping proposals introduced in Congress during the past six years, this bill provides a range of changes to the 2010 law that include providing relief to small and mid-size banks. While a court decision is long overdue, does anyone believe that it won’t be issued in 2018?

Regulations 53

Regulations CFPB Rules Treasury 53

Open Banking Excellence

MARCH 24, 2025

The implementation of Section 1033 of the Dodd-Frank Act , the 2010 post financial crisis legislation ushered-in to bring greater consumer protections in financial services, is set to jump start the U.S. When 1033 becomes law and we have a precise timeline we are going to have a plan around it and make U.S.

CFPB 130

CFPB Rules API Non-Bank 130