Payments Dive

FEBRUARY 21, 2023

The Consumer Financial Protection Bureau has threatened action over card issuers not reporting full consumer payment data for tracking credit histories.

Card Issuer

PYMNTS

FEBRUARY 27, 2019

He cited research conducted by the Consumer Financial Protection Bureau (CFPB), and supported by Equifax, that approximately 26 million American consumers are credit invisible, and an additional 19 million consumers are not able to be scored because of “a lack of data or lack of recently reported information.”.

Consumer Financial Protection Bureau (CFPB)

PYMNTS

NOVEMBER 30, 2018

400,500: The number of debt collection relation complaints the CFPB received between 2011 and 2018. trillion: The estimated collective annual income of gig workers in 2018. billion: The number of IoT cellular device shipments expected worldwide by 2023. 71 million: The number of smartwatches shipped in 2018 (so far).

On-Demand

PYMNTS

APRIL 17, 2018

The Data: . quintillion : The number of bytes of data produced per minute on Earth. 10 million: The fine Wells Fargo is potentially facing from the CFPB and OCC over mortgages and car insurance. 30 million: Citigroup’s mobile banking customer count — up 25 percent from last year.

OCC

PYMNTS

MAY 2, 2016

The CFPB announced that it was officially investigating the possibility of placing the biggest marketplace lenders in the U.S. Though marketplace lenders are bound by CFPB (and FTC and SEC) rules, they do not have a dedicated federal regulator. under its direct supervision within the next year or so.

Legal

FICO

JANUARY 26, 2022

FICO Fact: Do FICO Scores Consider Telco And Utility Data? FICO® Scores have always considered telco and utility payment data that is furnished to the three nationwide U.S. The inclusion of telco and utility payment information dates back to the release of the very first FICO Scores in 1989.

Demand Deposit Account (DDA)