article thumbnail

CFPB Action Against Equifax Imminent

PYMNTS

Because Equifax is not strictly a financial company, there was uncertainty over whether the CFPB has the power to penalize the firm for the breach. The CFPB and legal experts said the regulator could pursue Equifax under an aspect of the Dodd-Frank Act that bans unfair, deceptive and abusive acts and practices (UDAAP). Last week, U.S.

CFPB 46
article thumbnail

Misguided data freeze keeps CFPB from doing its job: Elizabeth Warren

Payments Source

Acting Director Mick Mulvaney’s decision to halt the collection of consumer data renders bank exams less effective and ignores existing cybersecurity protections, the Massachusetts senator argues.

CFPB 61
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Zimpler becomes a Certified Payment Institution in Brazil

The Paypers

Subscribe now Keywords: Open Banking , Open Finance , banking , financial services Categories: Banking & Fintech Companies: Zimpler Countries: Brazil ::: add a comment This article is part of category Banking & Fintech ::: more Zimpler | Discover all the Company news on Zimpler and other articles related to Zimpler in The Paypers News, Reports, and (..)

article thumbnail

US Department of the Treasury and FSSCC Lay Groundwork for Greater Cloud Adoption

The Fintech Times

“The CESG is now a proven model and a new way for the financial services sector to effectively address our most significant cybersecurity challenges.” is an extension of the Cybersecurity Profile created by CRI. This is a tool based on the National Institute of Standards and Technology (NIST) Cybersecurity Framework.

article thumbnail

Trust Payments partners with Trulioo

The Paypers

Subscribe now Keywords: partnership , identity verification , digital onboarding , fraud management Categories: Fraud & Financial Crime Companies: Trulioo , Trust Payments Countries: World ::: add a comment This article is part of category Fraud & Financial Crime ::: more Trulioo | Trust Payments | Discover all the Company news on Trulioo and other (..)

article thumbnail

Four 2023 U.S. Policy Predictions for Financial Services Companies

FICO

Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. The CFPB's New Open Banking Proposal Will Accelerate Exciting Product Innovations. For Public Companies, Cybersecurity Compliance with New SEC Rules will be a Top Priority.

BNPL 52
article thumbnail

Post Office partners with Western Union

The Paypers

Subscribe now Keywords: partnership , cross-border payments , cross-border ecommerce , financial services Categories: Payments & Commerce Companies: Post Office , Western Union Countries: United Kingdom ::: add a comment This article is part of category Payments & Commerce ::: more Post Office | Western Union | Discover all the Company news on Post (..)

Posting 36