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. She said the CFPB was created by Congress to protect consumers and act as a watchdog from harmful practices that led the country into the 2008 financial crisis.

CFPB 60

CFPB Consumer Financial Protection Bureau (CFPB) Rules Consumer 60

PYMNTS

APRIL 28, 2016

The CFPB has its eye on the biggest marketplace lenders in the U.S., The new idea being floated involves classifying marketplace lenders, who operate online and also offer smaller loans with set payments, as installment lenders that are under the CFPB’s jurisdiction and regulations.

CFPB 40

CFPB Consumer Protection Regulatory Compliance FTC 40

FICO

OCTOBER 7, 2022

Consumer Financial Protection Bureau (CFPB) announced that it would investigate the BNPL industry. On September 15 the CFPB issued a report suggesting that BNPL companies must be subjected to stricter oversight, a step toward regulation. The CFPB found that 10.5% So is regulation. Regulation Is Coming for US BNPL firms.

BNPL 52

BNPL Account Takeovers CFPB Consumer Financial Protection Bureau (CFPB) 52

FICO

JANUARY 5, 2023

The CFPB's New Open Banking Proposal Will Accelerate Exciting Product Innovations. The Consumer Financial Protection Bureau (CFPB) has indicated it will publish rules , not guidelines, aimed at strengthening consumers’ control over and providing portability of their financial account data, sometime in 2023.

BNPL 52

BNPL CFPB Consumer Financial Protection Bureau (CFPB) Cybersecurity 52

Finovate

MARCH 31, 2025

However, we expect to see increased scrutiny from agencies like the SEC, OCC, and CFPB on third-party risk, particularly in areas like cyber resilience and AI disclosures.

Risk 94

Risk Risk Management Assessments Compliance 94

FICO

DECEMBER 15, 2020

In late October, the CFPB released Part 1 of its long-awaited update to the Fair Debt Collections Practices Act governing third-party collectors. On December 18, the Bureau issued a Part 2 final rule detailing disclosures for the collection of time-barred debt, changes to the validation notice, and furnisher credit reporting requirements.

BSA 52

BSA Suspicious Activity Report (SAR) Financial Inclusion AML 52