Consumer Financial Protection Bureau (CFPB)

55 results about this entity

Period: 12 Sep 2019 - 21 Nov 2024

/security

CFPB fires employee who sent consumer data to personal email

The Consumer Financial Protection Bureau (CFPB) says it has suffered a data breach which saw an employee forward the personal information of more than quarter of a million Americans to a personal email account.

/regulation

Plaid publishes response to CFPB’s personal data right proposal

Plaid has released a series of recommendations to the Consumer Financial Protection Bureau (CFPB) in response to the Bureau’s call for stakeholder feedback on its strong consumer financial data rights proposal.

/regulation

Wells Fargo to pay $3.7 billion over consumer loan violations

The Consumer Financial Protection Bureau (CFPB) is ordering Wells Fargo Bank to pay more than $2 billion in redress to consumers and a $1.7 billion civil penalty for legal violations across several of its largest product lines.

/regulation

Money20/20 US: CFPB to finalise US open banking rule by 2024

Director of the US Consumer Financial Protection Bureau (CFPB), Rohit Chopra, took to the Money20/20 stage to outline the Bureau’s strategy toward determining regulation of open banking in the US.

/regulation

CFPB ready to regulate BNPL

The Consumer Financial Protection Bureau (CFPB) is planning to tighten up regulation of BNPL firms, bringing in the same baseline consumer protections that already exit for credit cards.

/regulation

Hello Digit fined $2.7m after algo caused customers overdraft fees

The Consumer Financial Protection Bureau has fined Hello Digit and ordered the automated savings app to pay damages to customers after finding that a faulty algorithm wrongfully took money from users' checking accounts leading to overdraft penalties.

/regulation

US consumer watchdog takes 'careful look' at Apple's BNPL plans

Apple's entry into the buy now, pay later market is prompting the Consumer Financial Protection Bureau (CFPB) to take a "very careful look" at the implications of Big Tech moving into the sector.

/crime

Bank of America fined $225 million for unlawfully freezing accounts during Covid-19 pandemic

The Consumer Financial Protection Bureau (CFPB) and Office of the Comptroller of the Currency (OCC) have fined the Bank of America (BofA) for their deficient disbursement of state unemployment benefits during the Covid-19 pandemic.

/regulation

CFPB strengthens data privacy and cybersecurity with new rules

The Consumer Financial Protection Bureau (CFPB) has rolled out new regulations on cyber security and data privacy under the Fair Credit Reporting Act.

/regulation

CFPB invokes old rule to examine fintech risks

The Consumer Financial Protection Bureau (CFPB) is invoking a little-used legal provision to let it examine the fast-growing number of nonbank fintechs that could pose a risk to Americans.

/payments

CFPB sues MoneyGram

MoneyGram is preparing to fight what it calls a "baseless" Consumer Financial Protection Bureau (CFPB) and New York Attorney General lawsuit accusing the money transfer giant of "leaving families high and dry".

/regulation

CFPB hauls in five BNPL firms to kickstart inquiry

The US Consumer Financial Protection Bureau (CFPB) has launched an inquiry into the buy now, pay later market amid concerns about accumulating debt levels and data harvesting by vendors.