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CFPB

Asia/PacEuropeFintechNews RoundupUSA
·Apr. 24, 2019

Announcements & Releases for April 24, 2019

CFPB to give more information to firms under investigation The head of Credit Suisse’s blockchain efforts said culture is the...
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EuropeFintechNews RoundupUSA
·Apr. 22, 2019

Announcements & Releases for April 22, 2019

Big Banks vs. Silicon Valley Startups – Whose Customer Financial Data Is It Anyway? Mixed Bank Earnings; PeerIQ’s Modeling Archive...
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FintechNews RoundupUSA
·Mar. 1, 2019

CFPB Expands Sandbox Concept Beyond Fintechs

When the Consumer Financial Protection Bureau (CFPB) first proposed the concept of a regulatory sandbox back in September last year...
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FintechNews RoundupUSA
·Jan. 11, 2019

The Government Shutdown is Hurting Fintech

While the government shutdown continues, the impact on federal workers is painfully evident; it is also starting to create serious...
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FintechNews RoundupUSA
·Apr. 24, 2018

CFPB Not Clear on Data Collection and Security

Acting Consumer Financial Protection Bureau (CFPB) Director Mick Mulvaney has testified on numerous occasions about the risk of data breaches; in December he helped put a freeze on data collection, though collection resumed a few weeks later without much talk or solutions; Mr. Mulvaney has not been clear on the types of breaches that have occurred and what has been done to plug the holes; experts believe this could be more about politics so the bureau is cast in a bad light. Source.

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FintechNews RoundupUSA
·Apr. 22, 2019

CFPB Loses Sight of Original Mission After Overhaul

When the CFPB was first formed the mission was to better protect consumers from financial products that did not suit...
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FinanceNews RoundupUSA
·Mar. 8, 2019

CFPB Director Wants a Collaborative Approach to Policing Financial Firms

The new Consumer Financial Protection Bureau Director, Kathy Kraninger, spoke in Washington on Thursday at a hearing held by the...
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FintechNews RoundupUSA
·Jan. 15, 2019

CFPB to Eliminate Underwriting Requirements Effecting Payday Lending

We learned in October that the CFPB was revisiting their ability to repay provisions in the small dollar lending rule;...
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EuropeFintechNews RoundupUSA
·Jan. 4, 2019

Announcements & Releases for January 4, 2019

New CFPB chief’s memo to staff: Enforce law, but don’t presume guilt 2019 could be the year CRA deadlock ends...
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FintechNews RoundupUSA
·Mar. 22, 2018

CFPB Saw More than 84K Collection Complaints in 2017

The CFPB handles more than 84 thousand debt collection complaints in 2017; consumers also downloaded advice on settlement negotiations more than 800 thousand times; "From now on we will be working closely with the FTC to enforce the FDCPA while protecting the legal rights of all in a manner that is efficient, effective, and accountable,” acting Director Mulvaney said in a press release reported by American Banker; the CFPB and FTC filed more than 14 enforcement cases as a result of collections last year. Source.

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