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CFPB sued for trying to regulate digital payment apps more like banks
Two major tech trade groups are challenging the Consumer Financial Protection Bureau’s (CFPB) effort to treat payment apps and digital wallets like banks. In a lawsuit filed in federal court in Washington,
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.
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 Financial Protection Bureau rule that would bring those companies’ payment operations under the agency’s supervision.
CFPB Sues Capital One Over Interest Payments. Why You Should Track Your Savings Account APY
The Consumer Financial Protection Bureau is suing Capital One for allegedly misleading customers about its high-yield savings account options and cheating them out of close to $2 billion in interest.
Capital One Sued By CFPB For Allegedly Cheating Customers Out Of Billions In Interest Payments
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Capital One, N.A., and its parent holding company,
3h
on MSN
US CFPB fines Cash App-parent Block over insufficient fraud protection
The Consumer Financial Protection Bureau on Thursday ordered payments firm Block to pay a penalty, citing fraud and weak ...
21h
on MSN
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 ...
JD Supra
3h
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 ...
American Banker
19h
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 ...
ConsumerAffairs
2h
Cash App to pay $120 million to fraud victims, CFPB says
The owner of Cash App has been ordered to pay up to $120 million to victims of fraud on its payments platform on top of a $55 ...
JD Supra
4h
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 ...
5h
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 ...
1d
on MSN
CFPB sues Capital One alleging it cheated customers out of over $2 billion in interest
Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings ...
21h
on MSN
Capital One allegedly cheated customers out of $2 billion, CFPB says
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
10h
on MSN
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 ...
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Consumer Financial Protection Bureau
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