Tags: CFPB
CFPB Plans to Abandon BNPL Regulations: What It Means for Consumers and the Future of Buy Now, Pay Later
In October, the Financial Technology Association (FTA) filed a lawsuit against the new Buy Now, Pay Later (BNPL) rule to safeguard consumers and BNPL providers.…
Senate Approves Measure to Eliminate CFPB Oversight on Big Tech Payment Apps
Recent Senate developments regarding the CFPB rule have ignited debate over regulatory oversight in fintech. Republicans, led by Senators Pete Ricketts and Mike Flood, support…
CFPB Dismisses Lawsuit Against JPMorgan, Bank of America, and Wells Fargo Over Zelle Fraud Allegations
The Consumer Financial Protection Bureau (CFPB) has dropped its lawsuit against major banks like JPMorgan Chase, Bank of America, and Wells Fargo over alleged fraud…
CFPB Halts Enforcement Actions: Consumers Risk Losing $2 Billion – What You Need to Know
The Consumer Financial Protection Bureau (CFPB) has withdrawn its lawsuit against Capital One, which accused the bank of misleading customers about interest rates on its…
CFPB Dismisses Lawsuit Over Capital One Savings Account Rates: What It Means for Consumers
The Consumer Financial Protection Bureau (CFPB) has dismissed its lawsuit against Capital One, initially filed just before President Trump took office, which accused the bank…
Union Takes Action: Lawsuit Filed Against CFPB Shutdown
The Consumer Financial Protection Bureau (CFPB) is halting operations following new director Vought’s directives, which order a stop to supervision, investigations, and stakeholder engagement. The…
Trump Ousts CFPB Director Chopra: What This Means for Consumer Protection
Former President Donald Trump has unexpectedly fired Rohit Chopra, the director of the Consumer Financial Protection Bureau (CFPB), raising concerns about consumer protection and financial…
CFPB Hits Fintech Giant Wise with Fines Over Deceptive Fee Practices
The Consumer Financial Protection Bureau (CFPB) has fined U.K.-based remittance service Wise nearly $2 million for misleading advertising and inadequate customer transparency regarding fees and…
CFPB Demands Wise to Pay Over $2 Million: Key Insights on the Enforcement Action
Wise, a London-based financial technology company, faces scrutiny from the Consumer Financial Protection Bureau (CFPB) for allegedly misleading customers about fees and failing to disclose…
CFPB Imposes $2.5 Million Fine on Wise: What You Need to Know
Wise, a London-based financial technology company, faces scrutiny from the Consumer Financial Protection Bureau (CFPB) for misleading advertising practices related to fees and exchange rates…
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