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Phil Goldfeder, CEO of American Fintech Council, right, interviews Rohit Chopra, Director, Consumer Financial Protection Bureau, on the keynote stage at Fintech Nexus USA 2023 at the Javits Center in New York City. | John K. White, Fintech Nexus
News Roundup
·May. 25, 2023

Global newsletter: Breaking the bank fee habit

After the CFPB proposed slashing credit card late fees to just $8 a month in February, the reaction has been swift and predictable — rage.
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BNPL-Buy Now Pay Later shopping online icon concept. Businessman using a computer to BNPL. Online shopping. Paying after delivery.
Opinion
·Dec. 27, 2022

BNPL providers should consider FTC’s ‘compliance checks’

BNPL providers should consider the FTC's suggestion to "conduct a compliance check," including reviewing their policies and procedures.
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Fintech Weekly News
News Roundup
·Oct. 29, 2022

Top 10 Fintech News Stories for the Week Ending October 29, 2022

With the fintech world gathering in Las Vegas this week for Money20/20 there was quite a lot of fintech news.
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People working at laptop
Opinion
·Aug. 29, 2022

CFPB sets its sights on digital Marketers

The rule opens a large swath of finance companies, loan platforms, and financial product comparison sites to CFPB oversight and enforcement.

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cfpb
Opinion
·Apr. 14, 2022

Invocation of personal liability signals CFPB bite matches its bark

CFPB Director Rohit Chopra made it clear that repeat offenders of consumer protection laws will face harsher penalties than ever before.

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CFPB plaid
Fintech
·Jan. 31, 2023

Plaid responds after CFPB finally addresses Section 1033

After avoiding section 1033 of Dodd-Frank for 12 years, in October the CFPB announced proposals for action. Plaid now offers their advice.
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Scales of justice and blurred lawyer on background. Banner design
Opinion
·Nov. 29, 2022

Tsunami alert: Enforcement actions are coming

The economic, reputational, and strategic implications of enforcement action can long outlive the action itself.
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Rohit Chopra Director of the Consumer Financial Protection Bureau of the United States
Regulation
·Oct. 25, 2022

CFPB announces open banking rule

CFPB director Rohit Chopra lobbed a surprise grenade onto the expo floor Tuesday morning by announcing plans for an open banking rule.
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Fintech Weekly News
News Roundup
·Apr. 30, 2022

Top 10 Fintech News Stories for the Week Ending April 30, 2022

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.
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Certification for quality control, which ensures that the company product meets its standards. On the virtual screen, there is a concept.
Opinion
·Mar. 22, 2022

Understanding the CFPB’s new UDAAP guidance: Is consumer harm lurking in your institution? 

CFPB Director Rohit Chopra has made it clear that he embraces an expansive view of the Bureau's authority to remedy inequities.
Read Full Story
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