CFPB, Consumer Financial Protection Bureau (CFPB) and Rules

CFPB Approves FDX as First Standard-Setting Body for Open Banking

The Fintech Times

JANUARY 11, 2025

The Consumer Financial Protection Bureau (CFPB) has approved the Financial Data Exchange (FDX) as the first standard-setting body in an important step towards implementing open banking in the US. These standards can help companies to comply with the CFPB’s new open banking rules.

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Card Issuer Rules

American Fintech Council (AFC) Responds to Consumer Financial Protection Bureau (CFPB) Interpretive Rule on Buy Now Pay Later

Fintech Finance

JULY 15, 2024

Regulatory clarity and consistent standards are critical for providers offering safe, transparent and responsible financial services and even more important for consumers who expect protections when utilizing financial services including Buy Now Pay Later,” said Phil Goldfeder, Chief Executive Officer of AFC.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules BNPL

Plaid’s $575 Million Round Signals Strength Despite Valuation Drop and Delayed IPO

Finovate

APRIL 3, 2025

Plaid’s delayed IPO likely reflects US open banking uncertainty, as the CFPB finalizes its data access rule. Waiting for regulatory clarity and consumer awareness could position Plaid for a stronger public debut down the road.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Consumer

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Dodd-Frank Section 1033: act now on the CFPB final rule for open banking

Axway

OCTOBER 23, 2024

Section 1033 of the Dodd-Frank Act gives consumers the right to access and share their financial data. On October 22, 2024, the Consumer Financial Protection Bureau (CFPB) published its final rule … Now, this law is going to have some teeth.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Laws

CFPB: Santander Must Pay $4.75 Million For Credit Reporting Violations

PYMNTS

DECEMBER 23, 2020

Santander Consumer USA was ordered to pay $4.7 million to the Consumer Financial Protection Bureau ( CFPB ) for violating the Fair Credit Reporting Act (FCRA), the CFPB said in a press release. The order indicated that Santander must submit a detailed compliance plan to the CFPB within 45 days.

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Non-Bank Origination

When Will The US Open Banking Rule Come Into Force?

Open Banking Excellence

OCTOBER 6, 2023

Your guide to the Consumer Financial Protection Bureau's (CFPB) imminent proposals for a new regulatory framework governing “Personal Financial Data Rights” The US will propose a new “Open Banking Rule” this year which will set the foundations for an ecosystem with the potential to become the largest in the world.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Rules CFPB Finance

Turning open banking regulations into a competitive edge

Axway

JANUARY 3, 2025

In October 2024, the Consumer Financial Protection Bureau (CFPB) issued its final ruling on section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The verdict has been a significant catalyst for open banking, requiring financial institutions …

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Regulations Consumer Protection

Why banks need an open banking quarterback: compliance, coordination, and competitive edge

Axway

MAY 14, 2025

The financial services landscape is undergoing a seismic shift. The Consumer Financial Protection Bureau (CFPB) is leading the charge with new rules aimed at enhancing consumer data rights and accelerating the move toward open banking. Section 1033 of the Dodd-Frank …

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Compliance Rules

CFPB expands oversight of Big Tech payment apps

Finextra

NOVEMBER 21, 2024

The Consumer Financial Protection Bureau (CFPB) has finalised a rule that will see it supervise tech giants such as Apple and Google that offer digital payment apps and wallets.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Payments

CFPB Tapped To Help Distribute COVID-19 Payments

PYMNTS

APRIL 13, 2020

The Consumer Financial Protection Bureau (CFPB) has made it easier for people to access stimulus CARES Act funds by removing some of the legal barriers barring banks from issuing the payments through prepaid accounts, according to a press release. CFPB Director Kathleen L.

Electronic Fund Transfer Act (EFTA)

Electronic Fund Transfer Act (EFTA) CFPB Consumer Financial Protection Bureau (CFPB) Direct Deposit

CFPB Proposes Interpretive Rule to Ensure Workers Know the Costs and Fees of Paycheck Advance Products

Fintech Finance

JULY 19, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act.

CFPB

CFPB Rules Product Consumer Financial Protection Bureau (CFPB)

Axway helps shape open banking standards for greater financial data interoperability in North America

Axway

JANUARY 12, 2025

On January 8th, 2025, the Financial Data Exchange, Inc. FDX) became the first to be recognized as a standard setting body under the Consumer Financial Protection Bureau (CFPB)’s Personal Financial Data Rights rule. This represents a key step toward …

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Interoperability CFPB Rules

FTA to safeguard CFPB's Open Banking rule in court

The Paypers

MAY 19, 2025

The Financial Technology Association (FTA) has announced its plans to defend a Consumer Financial Protection Bureau (CFPB) Open Banking rule.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Consumer

CFPB says startups and consumers must have say in open banking standard setting

Finextra

JUNE 5, 2024

The Consumer Financial Protection Bureau (CFPB) has taken another step designed to promote open banking in the US, finalising a rule for recognising data sharing standards and preventing incumbents from "squelching" startups.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Consumer Rules

CFPB establishes rules for standard-setting bodies

The Paypers

JUNE 10, 2024

The Consumer Financial Protection Bureau ( CFPB ) has finalised a rule detailing the requirements for becoming a recognised industry standard-setting body.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Consumer

Get ready for a U.S. open banking rule: protecting personal financial data rights

Axway

NOVEMBER 22, 2022

Consumer Financial Protection Bureau (CFPB) has just announced the coming of a new U.S. open banking rule , accelerating the move toward open banking in North America. The aim is to solidify personal financial data … The director of the?Consumer

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Rules CFPB Consumer

CFPB's Open Banking rule decision prompts FTA's criticism

The Paypers

MAY 28, 2025

The Consumer Financial Protection Bureau (CFPB) has decided to drop its proposed Open Banking rule, leading to increased criticism from the Financial Technology Association (FTA).

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Consumer

2025 Industry Outlook and New Regulatory Shifts: How IPA is Shaping the Future of Payments

Innovative Payments Association

JANUARY 14, 2025

The recent Republican sweep of the White House and Congress has sparked debates about deregulation and reshaping financial oversight. While deregulatory measures such as revisiting the Open Banking Rule may gain momentum, their implementation faces procedural and legal challenges.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB FDIC Consumer Protection

American Fintech Council responds to CFPB buy now, pay later rules

Finextra

JULY 15, 2024

The American Fintech Council (AFC), the fastest growing premier industry association representing responsible fintech companies and innovative banks, submitted its response to the Consumer Financial Protection Bureau (CFPB) on the proposed Interpretive Rule and Request for Comment on the Use of Digital User Accounts to Access Buy Now, Pay Later Loans. (..)

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Request for Comment

No Open And Shut Path For Open Banking As CFPB Mulls Rules

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. Beyond the Comment Period.

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Rules Authorization

CFPB Takes Action to Ensure Consumers Can Dispute Charges and Obtain Refunds on Buy Now, Pay Later Loans

Fintech Finance

MAY 24, 2024

The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. Accordingly, Buy Now, Pay Later lenders must provide consumers some key legal protections and rights that apply to conventional credit cards.

Disputes

Disputes CFPB Consumer Financial Protection Bureau (CFPB) Consumer

CFPB takes on non-sufficient fund fees

Finextra

JANUARY 24, 2024

America's Consumer Financial Protection Bureau (CFPB) has proposed a rule that would stop banks charging non-sufficient fund fees for transactions that are declined in real time.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Non-Bank Rules

CFPB Issues RFI For Remittance Rule At Urging Of CUNA

PYMNTS

APRIL 25, 2019

The Consumer Financial Protection Bureau (CFPB) announced Thursday (April 25) that it has issued a request for information on its remittance rule, which had faced calls by the Credit Union National Association for revision. The rules excluded a provider that does less than 100 transfers.

CFPB

CFPB Rules Consumer Financial Protection Bureau (CFPB) Request for Information

US Chamber of Commerce files suit against CFPB over late card fees

Finextra

MARCH 12, 2024

The US Chamber of Commerce has filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) to stop it from implementing a rule to limit late credit card fees.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Credit Cards Rules

US Inches Toward Open Banking With CFPB Notice

PYMNTS

OCTOBER 29, 2020

While FinTechs are increasingly competing directly with traditional financial institutions (FIs), they're also continuing to play the important role of collaborator. moves closer to its own open banking rules that could further catalyze the bank-FinTech collaboration landscape. CFPB Seeks Open Banking Guidance. Plus, the U.S.

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Payment APIs and Integration Financial Crimes

Today In Data: CFPB Prepaid Card Rules

PYMNTS

JUNE 20, 2017

Prepaid card rules have been under fire ever since the Consumer Financial Protection Bureau (CFPB) put out its new regulations back in October 2016. As such, the CFPB has put out new regulations and is welcoming comments.

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Rules Debit Card

CFPB suggests interpretive rule for paycheck advance products

The Paypers

JULY 22, 2024

The Consumer Financial Protection Bureau (CFPB) has suggested an interpretive rule to ensure that lenders’ legal obligations to disclose the costs of paycheck advance products are met.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Product

CFPB proposes Open Banking rule in the US

The Paypers

OCTOBER 20, 2023

The Consumer Financial Protection Bureau (CFPB) has proposed a Personal Financial Data Rights rule set to expedite the shift to Open Banking in the US and jumpstart competition.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Consumer

CFPB Rolls Out Innovation Regulator Network

PYMNTS

SEPTEMBER 11, 2019

A network to better coordinate financial innovation among federal and state regulators is being launched by the Consumer Financial Protection Bureau (CFPB) in partnership with several states, the agency said in a press release. State regulators in every state were invited to join. .

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Regulations Innovation

CFPB proposes rule to end bank overdraft loophole for large banks

The Paypers

JANUARY 18, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed a rule to curb excessive overdraft fees charged by large financial institutions.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Consumer

CFPB To Review Fed’s 2009 Overdraft Rule

PYMNTS

MAY 13, 2019

The Consumer Financial Protection Bureau (CFPB) announced that is reviewing the Federal Reserve ‘s overdraft protection rule to find out if it “should be amended or rescinded” to minimize “any significant economic impact” to small businesses (SMBs) and credit unions.

CFPB

CFPB Rules Consumer Financial Protection Bureau (CFPB) Federal Reserve

CFPB Pushes Prepaid Card Rule Implementation Back A Year

PYMNTS

JANUARY 25, 2018

The Consumer Financial Protection Bureau (CFPB) has extended the effective date on its 2016 prepaid card rule, among other modifications announced today (Jan. The rule change has drawn some early praise from industry sources.

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Rules Error Resolution

American Fintech Council Identifies Hurdles in CFPB Open Banking Proposal

The Fintech Times

JANUARY 3, 2024

The American Fintech Council (AFC) has submitted its response to the Consumer Financial Protection Bureau (CFPB) on its open banking proposal. The CFPB proposed a change on personal financial data rights implementing Section 1033 of the Dodd-Frank Act. wrote Ian P.

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) FinTech Underserved

PayPal Sues CFPB Over ‘Misleading’ Digital Wallet Disclosure Rules

PYMNTS

DECEMBER 12, 2019

In the lawsuit, filed in in the United States District Court for the District of Columbia, PayPal said the CFPB rule that requires disclosure for digital wallets and prepaid debit cards places “unreasonable restrictions” on consumers’ abilities to link certain credit products to PayPal accounts.

CFPB

CFPB PayPal Rules Consumer Financial Protection Bureau (CFPB)

CFPB to reportedly revisit Open Banking rule

The Paypers

MAY 6, 2025

The Consumer Financial Protection Bureau (CFPB) has reportedly planned to revisit its Open Banking rule, according to Bloomberg.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Consumer

Waters Tells CFPB Head To Do Better

PYMNTS

FEBRUARY 6, 2020

House Committee on Financial Services, Maxine Waters , told the head of the Consumer Financial Protection Bureau (CFPB), Kathy Kraninger , that the organization needs to do better. The rebuke came from prepared remarks delivered at a committee hearing called “Protecting Consumers or Allowing Consumer Abuse?

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Rules Consumer

Stay On CFPB Payday Lending Rule Upheld

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). The ruling, per U.S. The CFPB had asked the court to wait until a separate case had been decided.

CFPB

CFPB Rules Consumer Financial Protection Bureau (CFPB) Underwriting

CFPB caps credit card late fees

Finextra

MARCH 5, 2024

The Consumer Financial Protection Bureau (CFPB) finalized a rule today to cut excessive credit card late fees by closing a loophole exploited by large card issuers.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Credit Cards CFPB Caps

CFPB Proposes to Regulate Large Digital Wallet and Payment App Providers

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.

CFPB

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

Bringing open banking to North America in 2023

Axway

JANUARY 26, 2023

A recent announcement from Director Chopra of the Consumer Financial Protection Bureau (CFPB) openly declares the coming of a U.S. open banking rule, representing a significant shift in the financial services landscape. The announcement recognizes the importance of common standards …

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Consumer

CFPB to move forward with Open Banking rule

The Paypers

OCTOBER 27, 2022

The US Consumer Financial Protection Bureau (CFPB) has announced it will move forward with an Open Banking rule.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Consumer

The CFPB and Congress Push to Correct Gaps in Reg E

BioCatch

MAY 31, 2024

As of the October term of 2023, the United States Supreme Court had taken on an appeal of a decision to review a possible constitutional conflict in the interpretation of the funding mechanism for the Consumer Financial Protection Bureau (CFPB).

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Reg E CFPB Regs

Navigating BNPL’s Future: The Jifiti Group CEO Yaacov Martin on the CFPB’s New Ruling

Finovate

JUNE 6, 2024

Late last month, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule stating that Buy Now, Pay Later (BNPL) lenders are credit card providers. This ruling is slated to have some significant impact on BNPL, which was once one of the hottest subsectors in fintech. territories.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Rules BNPL CFPB

How the CFPB’s 1033 Final Rule Differs from the Initial Proposal

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. The CFPB states that the rule promotes competition and consumer choice, and will ultimately help improve customer service.

Rules

Rules Consumer Financial Protection Bureau (CFPB) CFPB GLBA

CFPB Approves FDX as First Standard-Setting Body for Open Banking

American Fintech Council (AFC) Responds to Consumer Financial Protection Bureau (CFPB) Interpretive Rule on Buy Now Pay Later

Plaid’s $575 Million Round Signals Strength Despite Valuation Drop and Delayed IPO

Webinars

Dodd-Frank Section 1033: act now on the CFPB final rule for open banking

CFPB: Santander Must Pay $4.75 Million For Credit Reporting Violations

When Will The US Open Banking Rule Come Into Force?

Turning open banking regulations into a competitive edge

Why banks need an open banking quarterback: compliance, coordination, and competitive edge

CFPB expands oversight of Big Tech payment apps

CFPB Tapped To Help Distribute COVID-19 Payments

CFPB Proposes Interpretive Rule to Ensure Workers Know the Costs and Fees of Paycheck Advance Products

Axway helps shape open banking standards for greater financial data interoperability in North America

FTA to safeguard CFPB's Open Banking rule in court

CFPB says startups and consumers must have say in open banking standard setting

CFPB establishes rules for standard-setting bodies

Get ready for a U.S. open banking rule: protecting personal financial data rights

CFPB's Open Banking rule decision prompts FTA's criticism

2025 Industry Outlook and New Regulatory Shifts: How IPA is Shaping the Future of Payments

American Fintech Council responds to CFPB buy now, pay later rules

No Open And Shut Path For Open Banking As CFPB Mulls Rules

CFPB Takes Action to Ensure Consumers Can Dispute Charges and Obtain Refunds on Buy Now, Pay Later Loans

CFPB takes on non-sufficient fund fees

CFPB Issues RFI For Remittance Rule At Urging Of CUNA

US Chamber of Commerce files suit against CFPB over late card fees

US Inches Toward Open Banking With CFPB Notice

Today In Data: CFPB Prepaid Card Rules

CFPB suggests interpretive rule for paycheck advance products

CFPB proposes Open Banking rule in the US

CFPB Rolls Out Innovation Regulator Network

CFPB proposes rule to end bank overdraft loophole for large banks

CFPB To Review Fed’s 2009 Overdraft Rule

CFPB Pushes Prepaid Card Rule Implementation Back A Year

American Fintech Council Identifies Hurdles in CFPB Open Banking Proposal

PayPal Sues CFPB Over ‘Misleading’ Digital Wallet Disclosure Rules

CFPB to reportedly revisit Open Banking rule

Waters Tells CFPB Head To Do Better

Stay On CFPB Payday Lending Rule Upheld

CFPB caps credit card late fees

CFPB Proposes to Regulate Large Digital Wallet and Payment App Providers

Bringing open banking to North America in 2023

CFPB to move forward with Open Banking rule

The CFPB and Congress Push to Correct Gaps in Reg E

Navigating BNPL’s Future: The Jifiti Group CEO Yaacov Martin on the CFPB’s New Ruling

How the CFPB’s 1033 Final Rule Differs from the Initial Proposal

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