Consumer Financial Protection Bureau (CFPB) and Rules

American Fintech Council (AFC) Responds to Consumer Financial Protection Bureau (CFPB) Interpretive Rule on Buy Now Pay Later

Fintech Finance

JULY 15, 2024

Regulatory clarity and consistent standards are critical for providers offering safe, transparent and responsible financial services and even more important for consumers who expect protections when utilizing financial services including Buy Now Pay Later,” said Phil Goldfeder, Chief Executive Officer of AFC.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules BNPL

Plaid’s $575 Million Round Signals Strength Despite Valuation Drop and Delayed IPO

Finovate

APRIL 3, 2025

Plaid’s delayed IPO likely reflects US open banking uncertainty, as the CFPB finalizes its data access rule. Waiting for regulatory clarity and consumer awareness could position Plaid for a stronger public debut down the road.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Consumer

CFPB Approves FDX as First Standard-Setting Body for Open Banking

The Fintech Times

JANUARY 11, 2025

The Consumer Financial Protection Bureau (CFPB) has approved the Financial Data Exchange (FDX) as the first standard-setting body in an important step towards implementing open banking in the US. These standards can help companies to comply with the CFPB’s new open banking rules.

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Card Issuer Rules

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When Will The US Open Banking Rule Come Into Force?

Open Banking Excellence

OCTOBER 6, 2023

Your guide to the Consumer Financial Protection Bureau's (CFPB) imminent proposals for a new regulatory framework governing “Personal Financial Data Rights” The US will propose a new “Open Banking Rule” this year which will set the foundations for an ecosystem with the potential to become the largest in the world.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Rules CFPB Finance

CFPB expands oversight of Big Tech payment apps

Finextra

NOVEMBER 21, 2024

The Consumer Financial Protection Bureau (CFPB) has finalised a rule that will see it supervise tech giants such as Apple and Google that offer digital payment apps and wallets.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Payments

Get ready for a U.S. open banking rule: protecting personal financial data rights

Axway

NOVEMBER 22, 2022

Consumer Financial Protection Bureau (CFPB) has just announced the coming of a new U.S. open banking rule , accelerating the move toward open banking in North America. The aim is to solidify personal financial data … The director of the?Consumer

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Rules CFPB Consumer

CFPB: Santander Must Pay $4.75 Million For Credit Reporting Violations

PYMNTS

DECEMBER 23, 2020

Santander Consumer USA was ordered to pay $4.7 million to the Consumer Financial Protection Bureau ( CFPB ) for violating the Fair Credit Reporting Act (FCRA), the CFPB said in a press release. During that time frame, Santander reportedly sent incorrect information on millions of accounts to the CRAs.

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Non-Bank Origination

CFPB establishes rules for standard-setting bodies

The Paypers

JUNE 10, 2024

The Consumer Financial Protection Bureau ( CFPB ) has finalised a rule detailing the requirements for becoming a recognised industry standard-setting body.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Consumer

CFPB says startups and consumers must have say in open banking standard setting

Finextra

JUNE 5, 2024

The Consumer Financial Protection Bureau (CFPB) has taken another step designed to promote open banking in the US, finalising a rule for recognising data sharing standards and preventing incumbents from "squelching" startups.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Consumer Rules

CFPB Proposes Interpretive Rule to Ensure Workers Know the Costs and Fees of Paycheck Advance Products

Fintech Finance

JULY 19, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act. Comments will be accepted until August 30, 2024.

CFPB

CFPB Rules Product Consumer Financial Protection Bureau (CFPB)

CFPB Tapped To Help Distribute COVID-19 Payments

PYMNTS

APRIL 13, 2020

The Consumer Financial Protection Bureau (CFPB) has made it easier for people to access stimulus CARES Act funds by removing some of the legal barriers barring banks from issuing the payments through prepaid accounts, according to a press release. Many have been laid off as a result of that turmoil.

Electronic Fund Transfer Act (EFTA)

Electronic Fund Transfer Act (EFTA) CFPB Consumer Financial Protection Bureau (CFPB) Direct Deposit

2025 Industry Outlook and New Regulatory Shifts: How IPA is Shaping the Future of Payments

Innovative Payments Association

JANUARY 14, 2025

The recent Republican sweep of the White House and Congress has sparked debates about deregulation and reshaping financial oversight. While deregulatory measures such as revisiting the Open Banking Rule may gain momentum, their implementation faces procedural and legal challenges.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB FDIC Consumer Protection

American Fintech Council responds to CFPB buy now, pay later rules

Finextra

JULY 15, 2024

The American Fintech Council (AFC), the fastest growing premier industry association representing responsible fintech companies and innovative banks, submitted its response to the Consumer Financial Protection Bureau (CFPB) on the proposed Interpretive Rule and Request for Comment on the Use of Digital User Accounts to Access Buy Now, Pay Later Loans. (..)

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Request for Comment

US Chamber of Commerce files suit against CFPB over late card fees

Finextra

MARCH 12, 2024

The US Chamber of Commerce has filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) to stop it from implementing a rule to limit late credit card fees.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Credit Cards Rules

CFPB to reportedly revisit Open Banking rule

The Paypers

MAY 6, 2025

The Consumer Financial Protection Bureau (CFPB) has reportedly planned to revisit its Open Banking rule, according to Bloomberg.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Consumer

CFPB takes on non-sufficient fund fees

Finextra

JANUARY 24, 2024

America's Consumer Financial Protection Bureau (CFPB) has proposed a rule that would stop banks charging non-sufficient fund fees for transactions that are declined in real time.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Non-Bank Rules

CFPB suggests interpretive rule for paycheck advance products

The Paypers

JULY 22, 2024

The Consumer Financial Protection Bureau (CFPB) has suggested an interpretive rule to ensure that lenders’ legal obligations to disclose the costs of paycheck advance products are met.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Product

CFPB proposes Open Banking rule in the US

The Paypers

OCTOBER 20, 2023

The Consumer Financial Protection Bureau (CFPB) has proposed a Personal Financial Data Rights rule set to expedite the shift to Open Banking in the US and jumpstart competition.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Consumer

Navigating BNPL’s Future: The Jifiti Group CEO Yaacov Martin on the CFPB’s New Ruling

Finovate

JUNE 6, 2024

Late last month, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule stating that Buy Now, Pay Later (BNPL) lenders are credit card providers. This ruling is slated to have some significant impact on BNPL, which was once one of the hottest subsectors in fintech. territories.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Rules BNPL CFPB

Bringing open banking to North America in 2023

Axway

JANUARY 26, 2023

A recent announcement from Director Chopra of the Consumer Financial Protection Bureau (CFPB) openly declares the coming of a U.S. open banking rule, representing a significant shift in the financial services landscape. The announcement recognizes the importance of common standards …

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Consumer

CFPB proposes rule to end bank overdraft loophole for large banks

The Paypers

JANUARY 18, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed a rule to curb excessive overdraft fees charged by large financial institutions.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Consumer

CFPB Issues RFI For Remittance Rule At Urging Of CUNA

PYMNTS

APRIL 25, 2019

The Consumer Financial Protection Bureau (CFPB) announced Thursday (April 25) that it has issued a request for information on its remittance rule, which had faced calls by the Credit Union National Association for revision. The rules excluded a provider that does less than 100 transfers.

CFPB

CFPB Rules Consumer Financial Protection Bureau (CFPB) Request for Information

Today In Data: CFPB Prepaid Card Rules

PYMNTS

JUNE 20, 2017

Prepaid card rules have been under fire ever since the Consumer Financial Protection Bureau (CFPB) put out its new regulations back in October 2016. As such, the CFPB has put out new regulations and is welcoming comments.

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Rules Debit Card

No Open And Shut Path For Open Banking As CFPB Mulls Rules

PYMNTS

NOVEMBER 3, 2020

If data is the oil that brings change to financial services, the pipelines are increasingly under scrutiny. Late last week, the Consumer Financial Protection Bureau (CFPB) said it will look to issue advance notice of proposed rulemaking on “open banking” by the end of this year.

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Rules Authorization

CFPB Pushes Prepaid Card Rule Implementation Back A Year

PYMNTS

JANUARY 25, 2018

The Consumer Financial Protection Bureau (CFPB) has extended the effective date on its 2016 prepaid card rule, among other modifications announced today (Jan. The rule change has drawn some early praise from industry sources.

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Rules Error Resolution

CFPB To Review Fed’s 2009 Overdraft Rule

PYMNTS

MAY 13, 2019

The Consumer Financial Protection Bureau (CFPB) announced that is reviewing the Federal Reserve ‘s overdraft protection rule to find out if it “should be amended or rescinded” to minimize “any significant economic impact” to small businesses (SMBs) and credit unions.

CFPB

CFPB Rules Consumer Financial Protection Bureau (CFPB) Federal Reserve

CFPB to move forward with Open Banking rule

The Paypers

OCTOBER 27, 2022

The US Consumer Financial Protection Bureau (CFPB) has announced it will move forward with an Open Banking rule.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Consumer

PayPal Sues CFPB Over ‘Misleading’ Digital Wallet Disclosure Rules

PYMNTS

DECEMBER 12, 2019

In the lawsuit, filed in in the United States District Court for the District of Columbia, PayPal said the CFPB rule that requires disclosure for digital wallets and prepaid debit cards places “unreasonable restrictions” on consumers’ abilities to link certain credit products to PayPal accounts.

CFPB

CFPB PayPal Rules Consumer Financial Protection Bureau (CFPB)

How the CFPB’s 1033 Final Rule Differs from the Initial Proposal

Finovate

OCTOBER 22, 2024

financial services community has been waiting for for at least a year– the Consumer Financial Protection Bureau (CFPB) issued its final 1033 rule making. The CFPB states that the rule promotes competition and consumer choice, and will ultimately help improve customer service.

Rules

Rules Consumer Financial Protection Bureau (CFPB) CFPB GLBA

The CFPB and Congress Push to Correct Gaps in Reg E

BioCatch

MAY 31, 2024

As of the October term of 2023, the United States Supreme Court had taken on an appeal of a decision to review a possible constitutional conflict in the interpretation of the funding mechanism for the Consumer Financial Protection Bureau (CFPB).

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Reg E CFPB Regs

CFPB caps credit card late fees

Finextra

MARCH 5, 2024

The Consumer Financial Protection Bureau (CFPB) finalized a rule today to cut excessive credit card late fees by closing a loophole exploited by large card issuers.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Credit Cards CFPB Caps

Stay On CFPB Payday Lending Rule Upheld

PYMNTS

MARCH 25, 2019

A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “ payday lending rule ” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB). The ruling, per U.S.

CFPB

CFPB Rules Consumer Financial Protection Bureau (CFPB) Underwriting

Today In Payments: Scammers Target Used Car Buyers; California Voters Uphold Gig Worker Status

PYMNTS

NOVEMBER 4, 2020

No Open And Shut Path For Open Banking As CFPB Mulls Rules. The Consumer Financial Protection Bureau (CFPB) has said it will look to issue advance notice of proposed rulemaking on “open banking” by the end of this year. NEW DATA: Five Payments Innovations For Winning The Digital-First Shopper.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Cross-Border Blockchain

CFPB Takes Action to Ensure Consumers Can Dispute Charges and Obtain Refunds on Buy Now, Pay Later Loans

Fintech Finance

MAY 24, 2024

The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. Accordingly, Buy Now, Pay Later lenders must provide consumers some key legal protections and rights that apply to conventional credit cards.

Disputes

Disputes CFPB Consumer Financial Protection Bureau (CFPB) Consumer

CFPB Rolls Out Innovation Regulator Network

PYMNTS

SEPTEMBER 11, 2019

A network to better coordinate financial innovation among federal and state regulators is being launched by the Consumer Financial Protection Bureau (CFPB) in partnership with several states, the agency said in a press release. State regulators in every state were invited to join. .

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Regulations Innovation

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

Federal control to be applied on BNPL returns and disputes

The Paypers

MAY 22, 2024

The Consumer Financial Protection Bureau ( CFPB ) has issued an interpretive rule to ensure federal control over Buy Now, Pay Later (BNPL) returns and disputes in the US.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Disputes BNPL Returns

US Inches Toward Open Banking With CFPB Notice

PYMNTS

OCTOBER 29, 2020

While FinTechs are increasingly competing directly with traditional financial institutions (FIs), they're also continuing to play the important role of collaborator. moves closer to its own open banking rules that could further catalyze the bank-FinTech collaboration landscape. CFPB Seeks Open Banking Guidance. Plus, the U.S.

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Payment APIs and Integration Financial Crimes

AFC Praises New BNPL Recommendations, But Warns That Providers Need ‘Additional Time’ to Comply

The Fintech Times

JULY 15, 2024

The new proposed interpretive rule would ensure that nonbank financial companies adhere to the same credit card lending rules as large banks, credit unions, and other financial institutions already supervised by the CFPB.

BNPL

BNPL Consumer Financial Protection Bureau (CFPB) CFPB Request for Comment

US Consumer Financial Protection Bureau proposes new rule to oversee Big Tech digital wallet and payment app providers

NFCW

NOVEMBER 27, 2023

The US Consumer Financial Protection Bureau (CFPB) is proposing to subject large non-bank companies that offer consumer finance services including digital wallets and payment apps – such as Apple and Google – to the same regulatory scrutiny and oversight as banks, credit unions and other financial institutions.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Rules CFPB Consumer

Consumer Financial Protection Bureau Seeks Advice On Financial Data Access

PYMNTS

JULY 26, 2020

The nation’s consumer protection agency is seeking input on rule changes to third-party access to individual financial records.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Consumer Privacy

NetChoice and TechNet sue the US CFPB to block regulation

The Paypers

JANUARY 17, 2025

Technology trade groups NetChoice and TechNet have announced their decision to sue the US Consumer Financial Protection Bureau (CFPB) to oppose a new rule providing the regulator with supervisory authority over payment apps and digital wallets.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Regulations Blocks

Waters Tells CFPB Head To Do Better

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. The rebuke came from prepared remarks delivered at a committee hearing called “Protecting Consumers or Allowing Consumer Abuse?

CFPB

CFPB Consumer Financial Protection Bureau (CFPB) Rules Consumer

US Credit Bureau Sues Credit Repair Cos For Upfront Fees

PYMNTS

MAY 2, 2019

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against a credit repair firm, its subsidiaries and associates for asking customers to pay upfront fees, it announced Thursday (May 2). The CFPB filed a complaint against PGX Holdings Inc. Northway Financial Corp., and against John C.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Laws

American Fintech Council (AFC) Responds to Consumer Financial Protection Bureau (CFPB) Interpretive Rule on Buy Now Pay Later

Plaid’s $575 Million Round Signals Strength Despite Valuation Drop and Delayed IPO

CFPB Approves FDX as First Standard-Setting Body for Open Banking

Webinars

When Will The US Open Banking Rule Come Into Force?

CFPB expands oversight of Big Tech payment apps

Get ready for a U.S. open banking rule: protecting personal financial data rights

CFPB: Santander Must Pay $4.75 Million For Credit Reporting Violations

CFPB establishes rules for standard-setting bodies

CFPB says startups and consumers must have say in open banking standard setting

CFPB Proposes Interpretive Rule to Ensure Workers Know the Costs and Fees of Paycheck Advance Products

CFPB Tapped To Help Distribute COVID-19 Payments

2025 Industry Outlook and New Regulatory Shifts: How IPA is Shaping the Future of Payments

American Fintech Council responds to CFPB buy now, pay later rules

US Chamber of Commerce files suit against CFPB over late card fees

CFPB to reportedly revisit Open Banking rule

CFPB takes on non-sufficient fund fees

CFPB suggests interpretive rule for paycheck advance products

CFPB proposes Open Banking rule in the US

Navigating BNPL’s Future: The Jifiti Group CEO Yaacov Martin on the CFPB’s New Ruling

Bringing open banking to North America in 2023

CFPB proposes rule to end bank overdraft loophole for large banks

CFPB Issues RFI For Remittance Rule At Urging Of CUNA

Today In Data: CFPB Prepaid Card Rules

No Open And Shut Path For Open Banking As CFPB Mulls Rules

CFPB Pushes Prepaid Card Rule Implementation Back A Year

CFPB To Review Fed’s 2009 Overdraft Rule

CFPB to move forward with Open Banking rule

PayPal Sues CFPB Over ‘Misleading’ Digital Wallet Disclosure Rules

How the CFPB’s 1033 Final Rule Differs from the Initial Proposal

The CFPB and Congress Push to Correct Gaps in Reg E

CFPB caps credit card late fees

Stay On CFPB Payday Lending Rule Upheld

Today In Payments: Scammers Target Used Car Buyers; California Voters Uphold Gig Worker Status

CFPB Takes Action to Ensure Consumers Can Dispute Charges and Obtain Refunds on Buy Now, Pay Later Loans

CFPB Rolls Out Innovation Regulator Network

FTC Looking For Comments On Customer Privacy, Security Amendments

Federal control to be applied on BNPL returns and disputes

US Inches Toward Open Banking With CFPB Notice

AFC Praises New BNPL Recommendations, But Warns That Providers Need ‘Additional Time’ to Comply

US Consumer Financial Protection Bureau proposes new rule to oversee Big Tech digital wallet and payment app providers

Consumer Financial Protection Bureau Seeks Advice On Financial Data Access

NetChoice and TechNet sue the US CFPB to block regulation

Waters Tells CFPB Head To Do Better

US Credit Bureau Sues Credit Repair Cos For Upfront Fees

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