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CFPB finalizes rule on defining larger market fintech participants
On November 21, the CFPB issued its final rule defining larger participants in the digital consumer payment applications market. The rule does
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.
CFPB expands oversight of digital payments services including Apple Pay, Cash App and PayPal
The most popular apps covered by the rule collectively process more than 13 billion consumer payments a year, the CFPB said.
JD Supra
1h
CFPB urges the U.S. Supreme Court to not review a trust debt collection case
Recently, in a case between the CFPB and a student loan trust, the CFPB submitted a brief challenging the appellant’s efforts to reverse a U.S.
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 ...
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 ...
4d
on MSN
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 ...
Banking Exchange
1d
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 ...
Digital Transactions
5d
As the Trump Administration Looms, the CFPB Issues a Rule for Payments Apps
Federal regulation is coming to payments apps offered by the country’s biggest tech companies. The Consumer Financial ...
2d
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.
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1d
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 ...
5d
on MSN
Top federal watchdog announces new oversight of tech giants
The Consumer Financial Protection Bureau could soon closely monitor payment systems run by Google, Apple and Venmo.
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