PYMNTS

NOVEMBER 3, 2020

If data is the oil that brings change to financial services, the pipelines are increasingly under scrutiny. Late last week, the Consumer Financial Protection Bureau (CFPB) said it will look to issue advance notice of proposed rulemaking on “open banking” by the end of this year.

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CFPB Consumer Financial Protection Bureau (CFPB) Rules Authorization 79

PYMNTS

SEPTEMBER 18, 2019

In a civil investigation that recently came to light, the Consumer Financial Protection Bureau (CFPB) is looking into Bank of America as part of a probe that came out of the phony accounts scandal at Wells Fargo.

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CFPB Credit Cards Consumer Financial Protection Bureau (CFPB) Laws 69

PYMNTS

JULY 26, 2020

The nation’s consumer protection agency is seeking input on rule changes to third-party access to individual financial records. Its purpose was to review the agency’s handling of authorized third-party access to consumer’s financial data.

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Consumer Financial Protection Bureau (CFPB) CFPB Consumer Privacy 69

PYMNTS

JULY 20, 2020

The Consumer Financial Protection Bureau (CFPB) has recorded record-high numbers of complaints every month since the pandemic hit in mid-March, according to a press release from the U.S. PIRG Education Fund.

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CFPB Consumer Financial Protection Bureau (CFPB) Consumer Identity Theft 64

The Paypers

JANUARY 17, 2025

Technology trade groups NetChoice and TechNet have announced their decision to sue the US Consumer Financial Protection Bureau (CFPB) to oppose a new rule providing the regulator with supervisory authority over payment apps and digital wallets.

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Consumer Financial Protection Bureau (CFPB) CFPB Regulations Blocks 36

PYMNTS

MARCH 6, 2020

Consumer Financial Protection Bureau (CFPB), has asked Congress for the ability to pay whistleblowers in an attempt to incentivize them to speak out, according to a report by Reuters. Kathy Kraninger, the director of the U.S.

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CFPB Consumer Financial Protection Bureau (CFPB) Laws Authorization 62

PYMNTS

MARCH 6, 2019

“While our original, groundbreaking Safeguards Rule from 2003 has served consumers well, the proposed changes are informed by the FTC’s almost-20 years of enforcement experience. The agency also wants FIs to submit periodic reports to their boards of directors to ensure they are staying on track.

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FTC Privacy Consumer Financial Protection Bureau (CFPB) Security 60

PYMNTS

NOVEMBER 9, 2020

Financial Conduct Authority (FCA), said in an interview with PYMNTS that the pandemic has helped shine a spotlight on the infrastructure underpinning the great digital shift toward online and contactless transactions. The CFPB specifically targets the implementation of Section 1033 of the Dodd-Frank Act.

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Consumer Financial Protection Bureau (CFPB) Accreditation TCH CFPB 114

FICO

NOVEMBER 7, 2022

Fighting Scams and Authorized Push Payment Fraud in the US. US regulators seem poised to update the status quo for bank liability for authorized user/authorized push payment fraud, but just how big is the potential? In multiple geographies around the world, there has been a strong focus on authorized push payment fraud.

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Scams Authorization P2P Consumer Financial Protection Bureau (CFPB) 52

PYMNTS

MARCH 3, 2020

president has the authority to fire the leader of the Consumer Financial Protection Bureau (CFPB), which was formed after the financial crisis, according to the Financial Times. The CFPB was founded in 2010. The Supreme Court heard arguments about whether a sitting U.S.

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Consumer Financial Protection Bureau (CFPB) CFPB Federal Trade Commission Federal Reserve 52

PYMNTS

JANUARY 25, 2019

The Consumer Financial Protection Bureau (CFPB) announced on Friday (Jan. By debiting the bank accounts of its users without authorization, the company violated the Consumer Financial Protection Act of 2010, the Bureau claimed.

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CFPB Consumer Financial Protection Bureau (CFPB) Settlement Funds Transfer 49

PYMNTS

JANUARY 3, 2019

The Consumer Financial Protection Bureau (CFPB) announced on Thursday (Jan. It also failed to start and complete reasonable error resolution investigations, the Bureau said. million in civil money penalty.

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CFPB Consumer Financial Protection Bureau (CFPB) Error Resolution Funds Transfer 51

PYMNTS

APRIL 24, 2019

The Consumer Financial Protection Bureau (CFPB) has announced changes to policies on Civil Investigative Demands (CIDs), which are investigational subpoenas issued by the CFPB. The Consumer Financial Protection Act of 2010 authorizes the CFPB to issue CIDs when looking into potential violations of the law.

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CFPB Consumer Financial Protection Bureau (CFPB) Laws Request for Information 46

PYMNTS

JANUARY 20, 2021

s Competition and Markets Authority, in terms of the mechanics of the data sharing, application programming interfaces (APIs) offer a connection that lets the third parties tap into banks’ data and build their own app-focused offerings. A document released by the CFPB specifically mentions implementation of Section 1033 of the Dodd-Frank Act.

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Consumer Financial Protection Bureau (CFPB) CFPB Online and Mobile Banking API 75

PYMNTS

MAY 8, 2017

Things are getting tougher for the Consumer Financial Protection Bureau (CFPB) under the new political administration. More banks are now willing to challenge CFPB enforcement actions, said The Wall Street Journal. The controversial U.S.

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CFPB Consumer Financial Protection Bureau (CFPB) Consumer Protection Authorization 48

PYMNTS

MAY 30, 2018

The Consumer Financial Protection Bureau (CFPB) has announced that it is working with the Commodity Futures Trading Commission to develop a regulatory sandbox for FinTech firms. “We

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CFPB Consumer Financial Protection Bureau (CFPB) FinTech Authorization 46

PYMNTS

SEPTEMBER 9, 2016

The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency have levied the highest penalties ever on the leading U.S. 400,000 | The amount of annual fees, interest charges and overdraft protection fees that were charged on credit cards that customers had not authorized.

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Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency Deposit Account CFPB 40

PYMNTS

JULY 17, 2019

The Consumer Financial Protection Bureau (CFPB) is urging financial institutions to report any suspicions they may have about financial exploitation of elderly people, the organization said in a release. . The CFPB also released a report that showed how important it was to tell authorities about EFE.

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Suspicious Activity Report (SAR) Consumer Financial Protection Bureau (CFPB) SARS Consumer 45

PYMNTS

JANUARY 27, 2020

To say that 2020 has already started off as a busy year for the Consumer Financial Protection Bureau (CFPB) might be an understatement. In the most recent news late last week, the CFPB said it would change the way it defines and addresses “ abusive ” practices within the financial services arena.

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CFPB Consumer Financial Protection Bureau (CFPB) UDAAP Laws 71

Finovate

OCTOBER 22, 2024

financial services community has been waiting for for at least a year– the Consumer Financial Protection Bureau (CFPB) issued its final 1033 rule making. Authorization and revocation procedures The final rule details how consumers can authorize and revoke third-party access.

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Rules Consumer Financial Protection Bureau (CFPB) CFPB GLBA 52

Global Fintech & Digital Assets

DECEMBER 18, 2023

By Jenny Cieplak , Parag Patel , Barrie VanBrackle , and Deric Behar On November 7, 2023, the Consumer Financial Protection Bureau (CFPB) proposed a rule, Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications (the Proposal), to supervise large providers of digital wallets and payment apps.

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CFPB Regulations Consumer Financial Protection Bureau (CFPB) Non-Bank 75

NFCW

NOVEMBER 27, 2023

The US Consumer Financial Protection Bureau (CFPB) is proposing to subject large non-bank companies that offer consumer finance services including digital wallets and payment apps – such as Apple and Google – to the same regulatory scrutiny and oversight as banks, credit unions and other financial institutions.

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Consumer Financial Protection Bureau (CFPB) Rules CFPB Consumer 52

PYMNTS

OCTOBER 7, 2019

As pulsenews.com reports , the two officials, Margrethe Vestager and Paolo Gentiloni, have said that taxation will be among the key priorities to be tackled by authorities. CFPB Unconstitutional?

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Privacy Consumer Financial Protection Bureau (CFPB) CFPB Laws 53

PYMNTS

JULY 20, 2018

.” The publication likened the disclosure requirements to existing rules that require consumer lenders to disclose APRs under the federal Truth in Lending Act and Regulation Z. According to the article’s authors, Thomas R. McMorrow and Charles E. Washburn, Jr., ”

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Consumer Financial Protection Bureau (CFPB) Small Business CFPB Rules 40

FICO

FEBRUARY 23, 2016

In addition, HMDA data is an integral focus for the Department of Justice and Consumer Financial Protection Bureau (CFPB) in identifying red-lining and other fair lending violations. The Dodd-Frank Act directed the CFPB to expand the data reported under HMDA and provided it with rulemaking authority.

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Consumer Financial Protection Bureau (CFPB) CFPB Rules Origination 58

PYMNTS

MARCH 25, 2019

A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “ payday lending rule ” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB).

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CFPB Rules Consumer Financial Protection Bureau (CFPB) Underwriting 51

The Fintech Times

JULY 20, 2024

Some highlights include establishing a common lexicon that may be used by financial institutions and regulators in discussions regarding cloud. Additionally, firms must assess existing authorities for cloud service provider (CSP) oversight. Cloud Profile 2.0 (led led by FSSCC) The Cloud Profile 2.0,

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Treasury FS-ISAC Consumer Financial Protection Bureau (CFPB) Due Diligence 59

PYMNTS

JUNE 17, 2019

This past week saw the Consumer Financial Protection Bureau (CFPB) offer up highlights of Kathleen Kraninger’s six-month tenure as director.

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CFPB Consumer Financial Protection Bureau (CFPB) Money Laundering Cryptocurrency 43

PYMNTS

DECEMBER 13, 2019

When Visa , Chase, New York’s Metropolitan Transportation Authority (MTA), and other industry leaders co-launched a contactless payments pilot seven months ago, they started small, and with modest goals. PayPal Sues CFPB Over ‘Misleading’ Digital Wallet Disclosure Rules. Visa: US Contactless Payments Primed For A Big 2020.

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P2P Consumer Financial Protection Bureau (CFPB) CFPB PayPal 52

Innovative Payments Association

FEBRUARY 28, 2024

I am not here to criticize the seemingly more aggressive approach the Consumer Financial Protection Bureau (CFPB) has taken during the last year, nor will I use this opportunity to question the substance of the myriad proposals the CFPB has released during the past six months.

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Participant Innovation CFPB Consumer Financial Protection Bureau (CFPB) 52

PYMNTS

OCTOBER 14, 2019

FIs need AML strategies that can respond to these larger trends while maintaining quick service for businesses and consumers. Just 10 percent of the suspicious transaction reports FIs file are investigated by authorities, and money launderers are utilizing new technologies to keep that percentage low. financial regulations work.

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AML Money Laundering Consumer Financial Protection Bureau (CFPB) Innovation 43

PYMNTS

AUGUST 1, 2018

The proposed changes include moving the collection and storage of small business lending data, required under the Dodd-Frank Act , from the Consumer Financial Protection Bureau (CFPB) to the Office of Financial Research (OFR).

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Small Business Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency CFPB 40

Tearsheet

MARCH 27, 2024

While the Consumer Financial Protection Bureau [CFPB] plans to issue further guidance to provide greater clarity concerning the application of federal law to income-based advance products, several states have taken individual legislative actions targeting EWA in recent months.

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Instant Payments RTP Consumer Financial Protection Bureau (CFPB) Junk Fees 64

The Fintech Times

MAY 1, 2024

The current economic landscape across the UK continues to increase pressures on consumer pockets. As money becomes less valuable, many expect more from their banks and other financial service providers. Now, the Financial Conduct Authority (FCA) has revealed that it logged around 1.87 500million?

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Consumer Financial Protection Bureau (CFPB) Volume Consumer On-Demand 59

PYMNTS

MARCH 5, 2018

Turning to the CFPB…. The Consumer Financial Protection Bureau (CFPB) continues to evolve under the stewardship of acting director Mick Mulvaney. As reported, Mulvaney might opt to let other regulatory agencies supervise efforts related to consumer compliance.

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Consumer Financial Protection Bureau (CFPB) Request for Information Bitcoin Cryptocurrency 49

PYMNTS

JANUARY 15, 2018

This means they may not be quite ready to share their data, which extends across basic financial records and branches that are used by customers, among other details that are more complex – think mortgage payment records and credit and utility payments. Regulation News Closer to Home: The CFPB. In the U.K.,

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Consumer Financial Protection Bureau (CFPB) CFPB Bitcoin End User 44

FICO

JUNE 11, 2021

Impressively, the Federal Reserve reported Q1 2021 delinquency rates on all consumer loans of 1.74%, the lowest mark in the 30+ years it has been tracked. According to the Consumer Financial Protection Bureau (CFPB), signs of trouble are already brewing. Consumer Financial Protection Bureau, 1 Mar.

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Risk Addressing Consumer Financial Protection Bureau (CFPB) Credit Risk 52