Consumer Financial Protection Bureau (CFPB)

55 results about this entity

Period: 12 Sep 2019 - 21 Nov 2024

/regulation

CFPB urged to strengthen open banking data protection safeguards

The Consumer Financial Protection Bureau's planned new open banking rules do not go far enough to protect consumer data, say two industry groups.

/regulation

CFPB proposes oversight of Big Tech digital wallets

The Consumer Financial Protection Bureau (CFPB) wants to regulate tech giants such as Apple and Google that offer digital payment apps and wallets.

/regulation

Remittance app Sendwave hit with CFPB penalty

The Consumer Financial Protection Bureau has slapped the operator of remittance app Sendwave with a $1.5 million penalty for deceiving users about the costs and speed of international transfers.

/payments

CFPB: Credit card companies charged consumers more than $130 billion in interest and fees in 2022

The Consumer Financial Protection Bureau (CFPB) today released its biennial report to Congress on the consumer credit card market.

/startups

Open banking startup Prism Data raises $5m

Prism Data, the US open banking outfit that span out from Petal earlier this year, has raised $5 million in seed funding.

/regulation

CFPB accelerates US open banking with new data rule

The Consumer Financial Protection Bureau (CFPB) has proposed its long-awaited open banking rule in the hopes of improving competition in the US banking and payments sector.

/regulation

CFPB takes aim at bank 'junk fees'

The Consumer Financial Protection Bureau (CFPB) is warning America's large banks about the practice of charging so-called junk fees for basic customer services like the provision of account information.

/regulation

CFPB takes aim at Apple over NFC chip access

The Consumer Financial Protection Bureau (CFPB) has fired a shot across Apple's bows over the tech giant's policy of restricting access to the NFC chip technology that enables iPhone users to make payments.

/regulation

CFPB warns big firms on efforts to control open banking standards

As it prepares to introduce a personal data rights rule, the Consumer Financial Protection Bureau has warned that it will not allow big banks to skew open banking standards in their favour.

/retail

Bank customers ill-served by poorly deployed chatbots - CFPB

The Consumer Financial Protection Bureau (CFPB) is monitoring banks' increasing use of AI-powered chatbots amid a surge of complaints from frustrated customers trying to receive straightforward answers from their financial institutions or raise a concern or dispute .

/security

CFPB warns consumers about non-insured payments apps

The Consumer Financial Protection Bureau (CFPB) has warned users of non-bank payment apps that their accounts are not protected by federal deposit insurance coverage.

/regulation

CFPB warns banks against creation of fake accounts for fee harvesting

The Consumer Financial Protection Bureau (CFPB) has issued a new circular confirming that banks which unilaterally reopen a deposit account to process transactions after a consumer has already closed it, will be in violation of the Consumer Financial Protection Act.