PYMNTS

DECEMBER 28, 2016

“Today’s report shows that consumers continue to report being harassed about debts they already repaid or debts they do not owe,” said CFPB Director Richard Cordray in a press release announcing the results. The CFPB said, for November, debt collection was the most complained about financial product or service.

CFPB 53

CFPB Consumer Verification Accounts 53

PYMNTS

SEPTEMBER 18, 2017

has strongly hinted that the agency she birthed in 2008 and opened for business in 2011 — the Consumer Financial Protection Bureau (CFPB) — should be given the authority to do even more. The CFPB reported that the average number of monthly complaints received about credit reporting issues was 3,523. The Credit Score.

Regulations 81

Regulations CFPB Database Consumer Financial Protection Bureau (CFPB) 81

PYMNTS

NOVEMBER 23, 2020

Consumer Finance Protection Bureau (CFPB) will eventually look at as well. He pointed to bill payments and identity verification as examples. “We “It's important for the industry and for the full breadth of stakeholders to collectively work towards an approach that is responsible and can be executed well,” Vosburg said.

Consumer 117

Consumer Visa Use Case CFPB 117

Segpay

MARCH 24, 2025

USA: More prescriptive Customer Identification Program (CIP) rules, requiring standardized ID verification and risk-based CDD measures. Varies by state, but generally strong KYC, fraud prevention, and age verification laws.v Strict ID verification under state gaming laws and FinCEN rules.

Compliance 71

Compliance Suspicious Activity Report (SAR) Fincen AML 71

PYMNTS

FEBRUARY 5, 2018

Here in the States, and amid legal battling, the Consumer Financial Protection Bureau (CFPB) got one for the win column this past week. The court ruled Congress created the CFPB – and its current structure – to protect against changes in the political climate. Closer to Home. Those causes might span dereliction of duty, for example.

Regulations 41

Regulations Consumer Financial Protection Bureau (CFPB) CFPB Card Issuer 41

PYMNTS

NOVEMBER 20, 2017

Simply counting the number of complaints that rack up on sites such as the Better Business Bureau, the CFPB or the Ripoff Report is not enough. New Treasury rules governing beneficial ownership come into play in May of 2018, requiring the identification and verification of individuals who own at least 25 percent of a company.

Risk 49

Risk Processors Legal Verification 49

Fintech Labs Insights

JANUARY 4, 2017

” On the Finovate stage, the Sindeo team launched QuickStart , a CFPB compliant mortgage pre-qualification tool that helps borrowers find a home loan, complete the application and underwriting process, and generate a pre-qualification letter, all in less than 10 minutes. We have technology integrated all the way from quotes to close.”

Process 23

Process Advisors CFPB Underwriting 23

Fintech Labs Insights

AUGUST 1, 2016

Sindeo’s self-directed consumer rate quote and pre-qualification tool simplifies home financing and refinancing using an integrated platform that offers consumer, real estate partner, and advisor tools conforming to CFPB regulation ensuring a simple and easy consumer experience.

Online and Mobile Banking 20

Online and Mobile Banking Payment APIs and Integration Advisors API 20

PYMNTS

AUGUST 19, 2019

The regulator may be granted the ability to penalize those companies for not complying with age verification checks and parental controls that would shield children from violent or harmful content. CFPB and Payday Lending. August 19 is here, and a deadline comes and goes.

CFPB 51

CFPB Federal Trade Commission FTC Regulations 51

PYMNTS

JANUARY 22, 2021

PYMNTS explores with Westlake Financial how in-depth contingency planning, strong customer onboarding and verification methods and other procedures can assist auto lenders in securely providing real-time payments. CFPB Changes Expected as Biden Administration Settles In . Fun, Cool and Otherwise Interesting.

Online and Mobile Banking 91

Online and Mobile Banking RTP CFPB Debit Card 91

PYMNTS

JUNE 5, 2017

The malware that was the culprit lifted customer account numbers and internal verification codes from magnetic stripes on payment cards. The hacking reveal had a less profound effect on investor confidence — shares ended only marginally lower after the announcement was made on Friday than where they began the day.

Blockchain 43

Blockchain CFPB Breach Accounts 43

PYMNTS

JANUARY 19, 2021

As reported, President-elect Joe Biden nominated Rohit Chopra , a commissioner at the Federal Trade Commission (FTC), to lead the Consumer Financial Protection Bureau (CFPB), replacing Kathy Kraninger as director (who remains in her post in a term that technically runs through 2023, but is likely to be replaced by Biden).

CFPB 57

CFPB Consumer Financial Protection Bureau (CFPB) Federal Trade Commission FTC 57

PYMNTS

FEBRUARY 18, 2019

The Consumer Financial Protection Bureau ( CFPB ) said earlier in the month that it will look to overhaul a number of payday loan regulations that were put in place in 2017 and were slated to go into effect in August of this year. That would entail verification of a borrower’s income, debt and spending habits.

Consumer Financial Protection Bureau (CFPB) 49

Consumer Financial Protection Bureau (CFPB) CFPB Verification Legal Support 49

PYMNTS

MARCH 13, 2020

Fifth Third Bank Sued By CFPB Over Fake Accounts. Fifth Third Bancorp is facing a suit from the Consumer Financial Protection Bureau (CFPB), which alleges that staff opened accounts for clients without their permission to meet sales goals. The bank called the claims “unnecessary and unwarranted” per a report.

B2B 92

B2B Consumer Financial Protection Bureau (CFPB) B2C CFPB 92

PYMNTS

SEPTEMBER 2, 2016

Kimpton POS systems have been hacked and customer data, including card and verification information, was stolen. What hasn’t helped is its recent run-in with the CFPB. And who needs any more reason to invite the CFPB into your house when your intention was only to extend a perk to Prime members? million fine. The charge?

CFPB 40

CFPB SWIFT Push-to-Card Security 40