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CFPB requests public comment on consumer privacy protections

Bank Automation

The Consumer Financial Protection Bureau published a request for information today asking the public to comment on data privacy protections on digital payments. When people pay […] The post CFPB requests public comment on consumer privacy protections appeared first on Bank Automation News.

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CFPB Proposes to Regulate Large Digital Wallet and Payment App Providers

Global Fintech & Digital Assets

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 Uses “Mystery Shoppers” To Target Bank Lending Practices

PYMNTS

Not steep enough to deter all bad actors, it seems – as the CFPB has recently spent time using some unusual tactics to expose redlining where it still exists. The CFPB interprets that as meaning they can’t seek personal information from government officials by the use of employees working undercover.

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Attention Small Business Lenders!  The CFPB is Calling on You.

FICO

On May 10, the Consumer Financial Protection Bureau (CFPB) issued a Request for Information (RFI) seeking to learn more about the small business lending market. If you are scratching your head as to why the CFPB is delving into small business lending, you are not alone. What is in the CFPB RFI?