Tag: Consumer Financial Protection Bureau
PayPal and other apps to face tighter CFPB regulations
The Consumer Financial Protection Bureau (CFPB) has expanded its oversight to include major nonbank digital transfer and payment app companies.This move marks the CFPB's...
CFPB fines VyStar Credit Union $1.5m for service failures
The Consumer Financial Protection Bureau (CFPB) has fined VyStar Credit Union $1.5m for preventing consumers from accessing their funds and accounts.The CFPB took action...
Apple and Goldman Sachs fined $89m for misleading consumers
The Consumer Financial Protection Bureau (CFPB) has fined Apple and Goldman Sachs $89m for misleading customers and customer service breakdowns.Following an investigation, the CFPB...
US BNPL regulation debate intensifies with trade body lawsuit
The Financial Technology Association (FTA) is pushing back against new US regulations on "pay-in-four" buy now, pay later (BNPL) products.In its lawsuit, the fintech...
Vixio: How Open Banking is reshaping the financial industry
Vixio, a regulatory intelligence provider, has published a report on Open Banking to offer insights into current trends and future opportunities.The report, titled 2024...
Klarna partners continues to grow with Sainsbury’s PLC deal
Global payments platform Klarna has partnered with Sainsbury’s PLC to expand the latter's payment options to the online checkouts of its brands.Following the deal,...
CFPB acts against Chime Financial over delayed refunds
The Consumer Financial Protection Bureau (CFPB) has taken action against Chime Financial for failing to alert consumers of timely refunds when their accounts were...
