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CFPB sets standards for emerging US Open Banking sector

The Consumer Financial Protection Bureau (CFPB) has outlined cross-sector standards for the burgeoning US Open Banking scene, which it is seeking to further develop...

CFPB classes BNPL firms in same bracket as credit providers

Buy now, pay later (BNPL) providers in the US will be subject to new requirements introduced by the Consumer Financial Protection Bureau (CFPB). A review...

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...
BNPL and AI placed in EU/US international regulatory spotlight

BNPL and AI placed in EU/US international regulatory spotlight

EU and US officials have begun informal discussions around consumer financial protection issues. The talks have evaluated key developments in payments and financial services,...

Bank of America ordered to pay $100m over anti-consumer practices

The Bank of America has been ordered by the Consumer Financial Protection Bureau (CFPB) to pay over $100m in penalties over immoral practices.  This follows...

Payment apps less safe than banks, the CFPB warns US customers

In a report addressing American users of non-bank payment apps, the Consumer Financial Protection Bureau (CFPB) warned that they might fall out of federal...

CFPB toughens up on credit report sharing companies

The Consumer Financial Protection Bureau (CFPB) has issued a legal interpretation, which states companies that use and share credit reports have an obligation to...

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