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CFPB Finalizes Rule on Popular Digital Payment Apps to Protect Personal Data, Reduce Fraud, and Stop Illegal “Debanking”
The final rule brings supervision to “Big Tech” and other widely used digital payment apps The Consumer Financial Protection Bureau (CFPB) has finalized a rule to supervise the largest non-bank companies offering digital funds transfer and payment wallet apps.
CFPB finalizes rule to oversee digital payment giants like Apple Pay
The CFPB’s new rule brings major digital payment apps like Apple Pay under federal supervision, addressing issues like fraud, privacy, and debanking to protect consumers.
US CFPB finalises rule to supervise big tech digital payments
Regulatory supervision will involve detailed scrutiny to ensure compliance with federal law, a process banks routinely undergo.
Apple Pay, Other Tech Firms Come Under CFPB Oversight
The top US consumer watchdog will supervise Apple Inc. and other major technology firms that offer digital wallets and payment apps, finalizing a proposal from last year with several changes.
CFPB expands oversight of digital payments services: Here's what you need to know
Rohit Chopra, Director of the Consumer Financial Protection Bureau, joins CNBC's 'Squawk Box' to discuss expanding digital pay oversight, the push to cap credit card interest rates, and more.
4d
The Big Changes Coming To Elizabeth Warren’s CFPB And Fintech Regulation
With a new administration and GOP-controlled Congress, a wild swing in regulatory policy is coming to the Consumer Financial ...
JD Supra
17h
CFPB Voluntarily Extends Effective Date of Advisory Opinion on Medical Debt
Earlier this month, we discussed the lawsuit filed by ACA International, LLC and Collection Bureau Services, Inc. in the U.S. District Court for ...
ConsumerAffairs
1d
Banks have long knives out for consumer watchdog CFPB
The Consumer Financial Protection Bureau (CFPB) was founded after the financial crisis of 2008 to rein in banks and other ...
American Banker
8d
How CFPB is cracking down on banks before Trump takes office
Enforcement actions from the Consumer Financial Protection Bureau still fresh in the mind of financial leaders have renewed ...
JD Supra
18h
CFPB Enters Into $95 Million Consent Order with Credit Union to Resolve Allegations of Improper Overdraft Fee Practices
On November 7, 2024, the CFPB announced that it had entered into a consent order with a major credit union resolving allegations that ...
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20h
CFPB examines carveouts in state data privacy laws for financial institutions
The Consumer Financial Protection Bureau recently released a report examining federal and state-level privacy protections for ...
20h
CFPB expands oversight to PayPal and Block, says New Street
New Street says the Consumer Financial Protection Bureau’s finalized rule that it will soon supervise non-bank firms that offer financial ...
1d
The Problems With The CFPB’s New Open Banking Rule
A new rule from the CFPB aims to empower consumers by granting them control over their financial data. But that assumes we have the ability to do that. Bad assumption.
4d
on MSN
Regulators will oversee cash apps including Apple, PayPal and Zelle
The rule covers payment services from Apple, Google and Amazon, as well as firms including PayPal and Block, and will cover ...
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