Consumer Financial Protection Bureau (CFPB)

57 results about this entity

Period: 12 Sep 2019 - 20 Dec 2024

/payments

CFPB sues JPMorgan, BofA and Wells Fargo over Zelle fraud

The Consumer Financial Protection Bureau has filed a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo, accusing them of allowing fraud to "fester" on P2P payments platform Zelle.

/payments

Google files lawsuit over CFPB supervisory order

Google is prepared to take the US Consumer Financial Protection Bureau to court over plans to establish supervisory authority over Google Payment Corp.

/regulation

CFPB expands oversight of Big Tech payment apps

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.

/regulation

States should fill in gaps in federal law to protect customer financial data - CFPB

US states should assess gaps in their data privacy laws to ensure Americans are protected in an era when financial institutions are increasingly bidding to monetise their customers' data, according to the CFPB.

/crime

CFPB charges Navy Federal Credit Union $95 million for overdraft and junk fees

The Consumer Financial Protection Bureau (CFPB) has charged the US’s largest credit union for illegally charging users overdraft fees.

/regulation

VyStar Credit Union fined $1.5m over bungled online banking migration

Florida-based VyStar Credit Union has been hit with a $1.5 million penalty over the botched rollout of a new online banking system that saw members unable to access their accounts and money.

/regulation

CFPB faces lawsuit over new open banking rules in bank pushback

The Bank Policy Institute and Kentucky Bankers Association have filed a lawsuit against the Consumer Financial Protection Bureau, alleging that the regulatory agency overstepped its authority on the release of new open banking rules

/regulation

US moves to 'open banking' with Personal Financial Data Rights final rule

Consumers in the US will be given the right to instruct their banks to transfer their financial data to other institutions, under new open banking rules devised by the Consumer Financial Protection Bureau.

/regulation

Fintech association sues CFPB over BNPL rule

The Financial Technology Association (FTA) has filed a lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB) new buy now, pay later rules.

/regulation

Climb Credit sued by CFPB for “false promises and outright lies”

The Consumer Financial Protection Bureau (CFPB) has announced its suit against Climb Credit and its largest shareholder 1/0 for misrepresenting the quality of its training programmes at partner schools.

/ai

CFPB and American Fintech Council stake out AI positions to Treasury

Responding to a call from the US Treasury, the Consumer Financial Protection Bureau (CFPB) and the American Fintech Council (AFC) have both weighed in on the use of AI in financial services.

/security

JPMorgan ponders legal action over Zelle probe

JPMorgan Chase is considering taking legal action against the Consumer Financial Protection Bureau (CFPB) over an ongoing probe into the abuse of Zelle payments by scammers.