After the CFPB proposed slashing credit card late fees to just $8 a month in February, the reaction has been swift and predictable — rage.
BNPL providers should consider the FTC's suggestion to "conduct a compliance check," including reviewing their policies and procedures.
With the fintech world gathering in Las Vegas this week for Money20/20 there was quite a lot of fintech news.
The rule opens a large swath of finance companies, loan platforms, and financial product comparison sites to CFPB oversight and enforcement.
CFPB Director Rohit Chopra made it clear that repeat offenders of consumer protection laws will face harsher penalties than ever before.
After avoiding section 1033 of Dodd-Frank for 12 years, in October the CFPB announced proposals for action. Plaid now offers their advice.
The economic, reputational, and strategic implications of enforcement action can long outlive the action itself.
CFPB director Rohit Chopra lobbed a surprise grenade onto the expo floor Tuesday morning by announcing plans for an open banking rule.
Making news this week was the CFPB director testifying before both the Senate and House, Fidelity will allow bitcoin in 401(k) plans, Robinhood had a bad week, the OCC is talking stablecoins, Goldman created a lending facility backed by bitcoin and more.
CFPB Director Rohit Chopra has made it clear that he embraces an expansive view of the Bureau's authority to remedy inequities.