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[ad_1] The Consumer Financial Protection Bureau today fined Navy Federal Credit Union for illegally charging customers overdraft fees, calling it the largest penalty the agency has...
[ad_1] The Consumer Financial Protection Bureau fined VyStar Credit Union $1.5 million today for the botched rollout of a new online banking system, which left clients...
[ad_1] LAS VEGAS — The Consumer Financial Protection Bureau Director Rohit Chopra hopes the financial services industry moves away from screen scraping although its Oct. 22...
[ad_1] Banks should look to their core providers to ensure they have the API frameworks to be compliant with this week’s Consumer Financial Protection Bureau ruling...
[ad_1] Experts are assessing the effects of the Personal Data Right rule on consumers, competition and innovation following the Consumer Financial Protection Bureau’s announcement of the...
[ad_1] Goldman Sachs Group Inc. and Apple Inc. will pay more than $89 million to resolve a long-running investigation into their credit-card joint venture after the...
[ad_1] US banks will now have to give customers access to their financial data after the top consumer watchdog finalized a long-awaited rule aimed at fueling...
[ad_1] TD Bank was ordered to pay $28 million in fines by the Consumer Financial Protection Bureau, which ruled the bank had shared inaccurate information about...
[ad_1] The Consumer Financial Protection Bureau is expected to finalize its Section 1033 regulation on open banking this fall, and financial institutions are weighing in on...
[ad_1] The Consumer Financial Protection Bureau is facing additional challenges that call into question the legality of the bureau’s funding. The Supreme Court upheld the CFPB’s funding mechanism in May. In several recent lawsuits, companies...
[ad_1] The Consumer Financial Protection Bureau has once again made it clear that new AI- and machine learning-based technologies are held to the same consumer protection regulations as...
[ad_1] Open banking regulation is quickly approaching but financial institutions are asking the Consumer Financial Protection Bureau to extend the timeline for implementation. FIs are expected...
[ad_1] Fifth Third Bank applied legacy practices to its digital account opening process, which has led to regulatory scrutiny. The Consumer Financial Protection Bureau alleged that...
[ad_1] The Consumer Financial Protection Bureau proposed an interpretive rule affecting earned wage products, or paycheck advance products, ensuring that employees are aware of costs and...
[ad_1] Fifth Third Bank was fined $15 million by the Consumer Financial Protection Bureau today for allegedly opening fake accounts in their customers’ names from an...
[ad_1] The Consumer Financial Protection Bureau is soliciting financial services stakeholders to help form a framework for sharing data ahead of open banking in the United...
[ad_1] The new Consumer Financial Protection Bureau rule putting buy now, pay later providers in the same category as credit card issuers can fuel the industry’s...
[ad_1] In a largely anticipated move following weeks of criticism from its director, the Consumer Financial Protection Bureau issued an inquiry to examine the impact mortgage...
[ad_1] Most financial institutions are not ready for open banking, but the tedious task of prepping bank platforms can be streamlined with AI. Three-quarters of...
[ad_1] A former President Trump-appointed judge in Texas halted President Biden’s administration’s plan to decrease late fees on credit cards to $8. The new rule, which...