Consumer Financial Protection Bureau (CFPB) and FTC

FTC Looking For Comments On Customer Privacy, Security Amendments

PYMNTS

MARCH 6, 2019

The Federal Trade Commission (FTC) has requested comment on the proposed amendments of two rules that protect the privacy and security of customer data held by financial institutions (FIs). The proposed changes are related to the Safeguards Rule and the Privacy Rule under the Gramm-Leach-Bliley Act.

FTC

FTC Privacy Consumer Financial Protection Bureau (CFPB) Security

CFPB Consumer Complaints Up 50 Pct During Pandemic

PYMNTS

JULY 20, 2020

The Consumer Financial Protection Bureau (CFPB) has recorded record-high numbers of complaints every month since the pandemic hit in mid-March, according to a press release from the U.S. In related news, the Federal Trade Commission (FTC) reported that its top complaint has been fraud, according to a PYMNTS report.

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Consumer Identity Theft

Some Large Retailers Not Sold On One-Click Ordering

PYMNTS

MAY 25, 2018

Sources familiar with the matter said that the Retail Industry Leaders Association (RILA) met with the Federal Trade Commission (FTC) and the Federal Reserve this week to talk about those concerns, with representatives from Walmart, Home Depot, Walgreens Boots Alliance Inc. and Target , among others, in attendance.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Federal Trade Commission FTC Debit Card

Webinars

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US High Court Considers CFPB’s Fate

PYMNTS

MARCH 3, 2020

president has the authority to fire the leader of the Consumer Financial Protection Bureau (CFPB), which was formed after the financial crisis, according to the Financial Times. The CFPB was founded in 2010. The Supreme Court heard arguments about whether a sitting U.S.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Federal Trade Commission Federal Reserve

Changing The Direction Of Debt Collection

PYMNTS

MARCH 27, 2018

Debt collectors have been the second-leading major generator of consumer complaints since the Consumer Financial Protection Bureau (CFPB) added them as an area that consumers could log complaints against in June 2013. But the ill-will toward debt collection in the U.S.

CFPB

CFPB FTC Consumer Financial Protection Bureau (CFPB) Push-to-Card

In Europe, Single Data Market Looms?

PYMNTS

FEBRUARY 3, 2020

As noted by the news outlet, the government will leverage existing antitrust law, and any fines or regulatory actions tied to the new mandates would be the purview of the Fair Trade Commission (FTC). CFPB Files Suit Against Citizens Bank. Digital Currencies, Too.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Digital Currency Central Bank

OCC Issues Policy Guidance on Buy Now, Pay Later Lending

Global Fintech & Digital Assets

DECEMBER 21, 2023

BNPL in US, UK, and EU Regulators’ Sights The Consumer Financial Protection Bureau (CFPB) has been actively monitoring BNPL activity in the consumer finance marketplace for some time now.

OCC

OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission

On-Demand Payroll Without The Cash Flow Disruption

PYMNTS

NOVEMBER 14, 2018

both the Consumer Financial Protection Bureau ( CFPB ) and the Federal Trade Commission ( FTC ) have highlighted issues surrounding payday loans, an industry now worth an estimated $46 billion — with payday lenders making $7 billion a year in fees alone, according to the Pew Charitable Trusts. In the U.S.,

On-Demand

On-Demand Payroll Consumer Financial Protection Bureau (CFPB) Real Time Payments

Why Regulation Won’t Fix Credit Reporting Agencies

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. Bad data can make getting credit impossible or extremely costly for consumers. Senator Elizabeth Warren (D – Mass.)

Regulations

Regulations CFPB Database Consumer Financial Protection Bureau (CFPB)

What is the Truth in Lending Act (TILA)?

Fi911

AUGUST 31, 2023

TILA is enforced by the Consumer Financial Protection Bureau (CFPB). The Truth in Lending Act was intended to address the lack of transparency and standardization in disclosing consumer credit terms and costs. Some states also provide additional protections through their own regulations.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Online and Mobile Banking Non-Bank Risk Mitigation

Fighting Scams and Authorized Push Payment Fraud in the US

FICO

NOVEMBER 7, 2022

It was even more surprising to me that the CEOs didn’t have the data right in front of them, given the signals coming from regulatory bodies like the Consumer Financial Protection Bureau (CFPB) about the need for more oversight for real-time P2P payments networks. million from debit card payments, and $82.2

Scams

Scams Authorization P2P Zelle

An Overview of Payment Regulation In The USA

Clearly Payments

FEBRUARY 8, 2024

Consumer Financial Protection Bureau (CFPB): Established in response to the 2008 financial crisis, the CFPB is tasked with protecting consumers in the financial marketplace. It oversees compliance with federal banking laws, including those governing payments.

Regulations

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT)

Today In Payments: Biden Taps FTC’s Chopra To Head CFPB; Marc Lore Retiring From Walmart

PYMNTS

JANUARY 18, 2021

Biden Taps FTC’s Rohit Chopra to Head CFPB. Rohit Chopra, a commissioner at the Federal Trade Commission (FTC), has been tapped by President-elect Joe Biden to head the Consumer Financial Protection Bureau (CFPB). Chopra previously served as the CFPB’s student-loan watchdog under Obama.

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Federal Trade Commission Payment APIs and Integration

Biden Asks Consumer Protection Chief Kraninger To Step Down

PYMNTS

JANUARY 20, 2021

Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger handed in her resignation Wednesday (Jan. During her two-year term, the CFPB collected roughly $1.5 billion in consumer relief. Cordray’s CFPB secured more than $12 billion in consumer relief over more than five years.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Consumer Protection CFPB Consumer

Biden Could Tap FTC’s Rohit Chopra To Head CFPB

PYMNTS

JANUARY 18, 2021

Rohit Chopra , a commissioner at the Federal Trade Commission (FTC), is expected to be tapped by President-elect Joe Biden to head the Consumer Financial Protection Bureau (CFPB), according to the Wall Street Journal (WSJ) on Monday (Jan. At the FTC since 2018, Chopra was an aggressive enforcer.

CFPB

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

CFPB Changes Expected As Biden Administration Settles In

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

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

Analysis Claims $88.6M Laundered Via Crypto Exchanges

PYMNTS

SEPTEMBER 28, 2018

According to an executive order signed by President Donald Trump, the new task force is led by the Justice Department and consists of agencies including the Securities and Exchange Commission (SEC), the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB).

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Money Laundering Law Enforcement Federal Trade Commission

Trump Task Force Eyes Crypto Crime

PYMNTS

JULY 12, 2018

According to an executive order signed by President Donald Trump, the new task force is led by the Justice Department and consists of agencies including the Securities and Exchange Commission (SEC), the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB).

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Crime Federal Trade Commission CFPB

Payments Space

FTC Looking For Comments On Customer Privacy, Security Amendments

CFPB Consumer Complaints Up 50 Pct During Pandemic

Some Large Retailers Not Sold On One-Click Ordering

Webinars

US High Court Considers CFPB’s Fate

Changing The Direction Of Debt Collection

In Europe, Single Data Market Looms?

OCC Issues Policy Guidance on Buy Now, Pay Later Lending

On-Demand Payroll Without The Cash Flow Disruption

Why Regulation Won’t Fix Credit Reporting Agencies

What is the Truth in Lending Act (TILA)?

Fighting Scams and Authorized Push Payment Fraud in the US

An Overview of Payment Regulation In The USA

Today In Payments: Biden Taps FTC’s Chopra To Head CFPB; Marc Lore Retiring From Walmart

Biden Asks Consumer Protection Chief Kraninger To Step Down

Biden Could Tap FTC’s Rohit Chopra To Head CFPB

CFPB Changes Expected As Biden Administration Settles In

Analysis Claims $88.6M Laundered Via Crypto Exchanges

Trump Task Force Eyes Crypto Crime

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