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CFPB, Cash App

Tech groups sue US CFPB to block rule on payment apps, digital wallets

Two technology trade groups sued the U.S. Consumer Financial Protection Bureau on Thursday to block a new rule giving the regulator supervisory authority over payment apps and digital wallets from large non-banks.

MarketWatch · 1h

CFPB Orders Cash App Operator to Compensate Consumers Over Fraudulent Payments

CFPB said Block employed weak security protocols for payments platform Cash App and put its users at risk. It added that Block is required by law to investigate and resolve disputes about unauthorized transactions but that its investigations were incomplete.

Investing.com on MSN · 1h

Cash App operator Block to pay $175 million for fraud failures

Today, the Consumer Financial Protection Bureau (CFPB) imposed a penalty on Block, the operator of the Cash App, for its failure to effectively address fraud on its platform. The company has been ordered to pay a total of $175 million,

CFPB, Capital One

FOX News on MSN · 18h

Capital One sued by CFPB for allegedly cheating customers out of $2 billion

The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion by misleading them.

Fortune on MSN · 7h

You could save $200 per year thanks to the CFPB’s new cap on overdraft fees

As part of an ongoing effort to combat “junk fees” charged by banking institutions, the Consumer Financial Protection Bureau (CFPB) has issued a ruling that could save American consumers up to $5 billion per year—that’s approximately $200 per household.

Hosted on MSN · 1d

Capital One Is Sued by CFPB. Why It Won’t Affect Discover Acquisition.

The Consumer Financial Protection Bureau is accusing the bank of illegally misleading millions of customers about its savings accounts.

CFPB re-establishes regulatory sandbox, no-action letter programs

In an effort to foster innovation in financial services, the CFPB is reinstituting its programs that allow companies to obtain regulatory safe ...

2h

Tech Trade Groups Sue to Block CFPB Rule Targeting Apple, Google

A pair of trade groups representing Meta Platforms Inc., Apple Inc., and Google parent Alphabet Inc. sued to block a Consumer ...

American Banker1d

CFPB releases guidance documents as blueprint for states

The Consumer Financial Protection Bureau released recommendations on how states can beef up enforcement after the Trump ...

CFPB Issues a Roadmap for States Days Before Trump Takes Office

As the Consumer Financial Protection Bureau (CFPB or Bureau) anticipates a shift in its leadership with the incoming administration of ...

19h

CFPB Proposal on Worker Pay Advance Disclosures Left Undone (1)

The Consumer Financial Protection Bureau withdrew guidance from President-elect Donald Trump’s first term limiting fee ...

American Banker16h

Trump team eyes hiring freeze, regulatory rollbacks for CFPB

The incoming Trump administration's 'agency review team' has landed and is expected to name an acting director of the ...

CFPB Takes Aim at Crypto Wallets and Gaming Platforms with Proposed "Interpretive Guidance" to Expand EFTA's Scope

The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule on how the Electronic Fund Transfer Act (EFTA) and its ...

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