World News
California, other states file suit to prevent shutdown of federal consumer agency
[ad_1] California joined 20 other states and the District of Columbia on Monday in a lawsuit that seeks to prevent the federal Consumer Financial…
Tag: cfpb
Banking
How AI could deliver a 21st-century regulator and a more efficient financial system
[ad_1] When I first joined the Consumer Financial Protection Bureau, we were still building the agency from the ground up: its mission, its systems,…
Banking
DOJ directs CFPB to ask Congress for money
[ad_1] The Consumer Financial Protection Bureau may run out of money to operate in early 2026 after the Department of Justice’s Office of Legal…
Banking
CFPB seeks comments on bank fees as consumer-data rule reworked
[ad_1] The US Consumer Financial Protection Bureau is seeking answers to questions around bank fees and customer authorization as it reshapes a rule governing…
Banking
Embedded finance changing along with CFPB
[ad_1] Embedded finance and automated lending services are under threat as policy and regulatory changes continue under the Donald Trump administration. After nearly seven…
Banking
Navy Fed to pay $95M for charging illegal overdraft fees
[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…
Banking
CFPB fines VyStar Credit Union $1.5M for ‘bungled’ platform rollout
[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…
Banking
CFPB director favors ‘the end of screen scraping’
[ad_1] LAS VEGAS — The Consumer Financial Protection Bureau Director Rohit Chopra hopes the financial services industry moves away from screen scraping although its…
Banking
Core providers can help FIs prepare for open banking
[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…
Banking
Final CFPB open banking rule to force innovation
[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…
Banking
Goldman, Apple to pay $89M after CFPB card probe
[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…
Banking
US banks prepare for new era of consumer financial data sharing
[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…
Banking
CFPB fines TD Bank $28M
[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…
Banking
FIs weigh in on US open banking regulation
[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…
Banking
CFPB funding under new scrutiny | Bank Automation News
[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…
Banking
CFPB probes emerging AI-based tech | Bank Automation News
[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…
Banking
Larger FIs may need more time to implement open banking | Bank Automation News
[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…
Banking
Fifth third must invest in tech to manage regulatory risk | Bank Automation News
[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…
Banking
CFPB proposes earned wage access rule | Bank Automation News
[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…
Banking
Fifth Third, CFPB settlement a positive for bank, analyst says | Bank Automation News
[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…