Showing results for 'CFPB' in Articles
48 Articles | 10 Magazines | 0 Research | 0 Whitepapers

Court freezes CFPB’s Open Banking rule as industry awaits rewrite

31 Oct 25 @ 12:00

The US District Court for the Eastern District of Kentucky has issued an injunction halting enforcement of the Consumer Financial Protection Bureau’s (CFPB) Open Banking rule. This leaves banks, credit... read more

American Fintech Council urges CFPB to stop Open Banking fees

22 Oct 25 @ 16:05

The American Fintech Council (AFC) has entered the already muddy waters of the US Open Banking market, urging the CFPB to maintain the principles underpinning Open Banking and protect consumers’... read more

CFPB moves to scrap US Open Banking rule

27 May 25 @ 12:15

The US Consumer Financial Protection Bureau (CFPB) is taking steps to dismantle one of the cornerstone policies of the Biden-era financial reform agenda: the 1033 Open Banking rule. In a... read more

US Open Banking rule under threat as CFPB reconsiders options

19 May 25 @ 14:52

The US’ long-awaited Open Banking framework may be headed back to the drawing board, as the Consumer Financial Protection Bureau (CFPB) considers revoking or reworking its newly finalised rule under... read more

CFPB rolls back BNPL oversight as legal pressure mounts

28 Mar 25 @ 10:59

The regulatory future of the Consumer Financial Protection Bureau (CFPB) remains in flux, but recent developments suggest a retreat from its more assertive stance on Buy Now, Pay Later (BNPL)... read more

CFPB abandons litigation in Zelle fraud controversy

05 Mar 25 @ 14:07

The Consumer Financial Protection Bureau (CFPB) has formally withdrawn its lawsuit against JPMorgan Chase, Bank of America, Wells Fargo and Early Warning Services (EWS), the entity responsible for operating the... read more

CFPB sues Capital One for alleged deceptive practices

16 Jan 25 @ 11:00

Baring its now sharp teeth again, the Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Capital One, and its parent company, Capital One Financial Corp., accusing the bank... read more

CFPB takes on big US banks over Zelle fraud allegations

08 Jan 25 @ 16:30

In a move that has shaken the US financial sector, the Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against JPMorgan Chase, Bank of America, Wells Fargo and Zelle’s... read more

Google challenges CFPB’s supervision of Google Pay in Federal Court

09 Dec 24 @ 17:32

In a significant legal move, Google has filed a lawsuit against the Consumer Financial Protection Bureau (CFPB), challenging the agency’s decision to supervise Google Pay. The case, filed in the... read more

Banks file lawsuit against CFPB over data privacy rule

23 Oct 24 @ 18:09

Its been a bad week for the CFPB…on the 21st October The Financial Technology Association (FTA), representing major BNPL (Buy Now, Pay Later) providers, filed a lawsuit against the US Consumer... read more

Fintech Trade Group sues CFPB over BNPL regulation

21 Oct 24 @ 18:02

The Financial Technology Association (FTA), representing major BNPL (Buy Now, Pay Later) providers, has filed a lawsuit against the US Consumer Financial Protection Bureau (CFPB) to block a new rule... read more

CFPB proposes oversight of Big Tech digital wallets and payment apps

08 Nov 23 @ 11:06

The Consumer Financial Protection Bureau (CFPB) is proposing to supervise larger nonbank companies that offer services like digital wallets and payment apps. Driven largely by Big Tech and other large... read more

CFPB proposes rule to jumpstart shift to Open Banking

24 Oct 23 @ 09:00

The Consumer Financial Protection Bureau (CFPB) proposed a rule that would accelerate a shift toward Open Banking, where consumers would have control over data about their financial lives and would... read more

PayPal wins prepaid and digital wallet case against U.S. CFPB

07 Jan 21 @ 18:07

A federal judge has invalidated part of a U.S. Consumer Financial Protection Bureau rule governing prepaid cards and digital wallets, emphatically agreeing with PayPal that the agency overstepped its authority.... read more

JPMorgan data aggregators deal good for Open Banking in the US

17 Nov 25 @ 17:45

JPMorgan Chase has reached a series of landmark agreements with the fintech data aggregators that serve as the connective tissue of the Open Banking ecosystem, securing the right to charge... read more

Banks must tread carefully charging for Open Banking access

07 Oct 25 @ 16:45

The long-running debate over “who should pay” for Open Banking has re-emerged, reignited by a series of developments in the US that could reshape the economics of data access. JPMorgan... read more

Stripe challenges JPMorgan over Open Banking data access fees

03 Sep 25 @ 16:02

Stripe has become one of the first major fintechs to formally oppose JPMorgan Chase’s Open Banking plans to charge fees for access to customer financial data, warning that the move... read more

Visa retreats from US Open Banking as access battle escalates

26 Aug 25 @ 13:01

Visa has quietly shuttered its Open Banking business in the US, marking a significant retreat from a market where the rules of customer data access remain hotly contested. The decision,... read more

New York sues Zelle despite industry push back

18 Aug 25 @ 16:38

The New York Attorney General has filed a high-profile lawsuit against Zelle, alleging that systemic security failings at the peer-to-peer (P2P) payments platform enabled fraudsters to steal more than $1... read more

JP Morgan sparks fintech backlash with charge for API data access

11 Aug 25 @ 14:01

A brewing dispute between Wall Street’s largest bank and the US fintech sector could reshape the economics of Open Banking. JP Morgan Chase has begun informing data aggregators and fintechs... read more

Trending

Major UK Banks unite to develop digital verification service

30 Jun 26 @ 07:05

Barclays, HSBC, Lloyds Banking Group, Nationwide Building Society, NatWest Group and Santander UK are working with UK Finance in the development of a voluntary ... more

Legacy infrastructure leaves Banks unprepared for real-time

06 Jul 26 @ 20:34

European banks risk falling behind in the race towards real-time payments and faster securities settlement unless they accelerate investment in automation and m... more

Visa expands AI and Cybersecurity strategy in Europe

07 Jul 26 @ 19:13

Visa has unveiled a new cybersecurity platform designed to help financial institutions identify threats before they develop into fraud, while simultaneously rev... more