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Expect Major Moves from the CFPB in 2023
Banking Guest Posts

Expect Major Moves from the CFPB in 2023

Paul Davis
by Paul Davis0
Given the sharp rise of digital banking and fintech partnerships, high inflation, and rising interest rates, there is no doubt that the Consumer Financial Protection Bureau (CFPB) is stepping up oversight and discipline of traditional financial institutions.  Wells Fargo and Regions Bank are just two examples of what to expect......
American Express Launches New Cash Flow Management Hub, Expanding Its Powerful Backing for Small Businesses
Analytics Banking Business Finance News

The CFPB Finds Illegal Junk Fees On Bank Accounts, Mortgages, Student Loans, And Auto Loans.

Fintech Staff Writer
by Fintech Staff Writer0
A special edition of Supervisory Highlights, published by the Consumer Financial Protection Bureau (CFPB) today, details illegal trash fees discovered in deposit accounts and across a variety of loan servicing sectors, including mortgage, student loan, and payday lending. Even for consumers who are financially knowledgeable, it can be difficult to......
B2B Insights News Technology

CFPB And NLRB Launch Information Sharing Agreement To Safeguard American Consumers And Workers From Unlawful Practices

Fintech Staff Writer
by Fintech Staff Writer0
In order to better protect American families and address practises that hurt workers in the “gig economy” and other labour markets, the Consumer Financial Protection Bureau (CFPB) and the National Labor Relations Board (NLRB) signed an information sharing agreement today. This formalised their partnership. Employer monitoring and debt created by......
B2B Lending News

CFPB Floats Guidance To Protect Mortgage Borrowers

Fintech Staff Writer
by Fintech Staff Writer0
The Consumer Financial Protection Bureau (CFPB) has issued an advisory opinion to protect Americans from double dealing on digital mortgage comparison-shopping platforms. Companies operating these digital platforms appear to shoppers as if they provide objective lender comparisons, but may illegally refer people to only those lenders paying referral fees. When......
B2B Fintech Funding News

Finery Markets Raises $5.5 Million Seed Round To Accelerate Institutional Crypto Adoption

Fintech News Desk
by Fintech News Desk0
Finery Markets, a leading multi-dealer electronic marketplace for institutional participants and a trading solutions provider for crypto markets, announced a $5.5 million seed funding round today. The funding round was the first time the company received outside funding. The round was co-led by G1 Ventures, gumi Cryptos and Shima Capital. Investors including Communitas Capital,......
B2C2 Launches First Electronic OTC Options Trading Product for Crypto Markets
Digital Asset Management News

B2C2 Launches First Electronic OTC Options Trading Product for Crypto Markets

Fintech News Desk
by Fintech News Desk0
Proprietary new Options Chain also brings enhanced data and price visualisation to OTC crypto derivatives B2C2, the world’s largest crypto liquidity provider and institutional digital asset pioneer, announces that it is now live with electronic options trading for the over-the-counter (OTC) crypto market. B2C2 has offered ‘voice via chat’ OTC options trading......
CFPB Issues Policy on Contractual ‘Gag’ Clauses and Fake Review Fraud
Consumer protection laws News

CFPB Issues Policy on Contractual ‘Gag’ Clauses and Fake Review Fraud

Fintech News Desk
by Fintech News Desk0
Financial companies will face consequences for illegally manipulating or suppressing consumer reviews Today, the Consumer Financial Protection Bureau (CFPB) issued policy guidance regarding potentially illegal practices related to consumer reviews. The CFPB seeks to ensure that customers can write reviews, particularly ones posted online, about financial products and services that......
Lincoln Financial Network Strengthens Commitment to Diversity and Inclusion with New Head of Multicultural Markets
Finance News

Lincoln Financial Network Strengthens Commitment to DEI with New Head of Multicultural Markets

Fintech News Desk
by Fintech News Desk0
Samantha Hunter brings more than 15 years of experience in development initiatives to support financial professionals and their practice needs Lincoln Financial Network (LFN), the retail wealth management affiliate of Lincoln Financial Group, announced the appointment of Samantha Hunter as Head of Multicultural Markets. In this role, Hunter will focus......
Arya.ag and MAS Financial Services Tie-Up To Offer Agri Finance To Small Farmers & FPOs
Commerce Finance News

Arya.ag and MAS Financial Services Tie-Up To Offer Agri Finance To Small Farmers & FPOs

Fintech News Desk
by Fintech News Desk0
With its fifth such tie-up, Arya.ag aims to fasten march as the country’s largest farming community focused fintech player Arya, India’s largest integrated grain commerce platform, announced a tie-up with leading NBFC ,MAS Financial Services Limited to offer Agri-finance to farmers with a specific focus on small farmers and FPOs.......
CFPB Identifies Consumer Reporting Companies the Public Can Hold Accountable
Fintech News

CFPB Identifies Consumer Reporting Companies the Public Can Hold Accountable

Fintech News Desk
by Fintech News Desk0
Updated list names financial surveillance companies that people can use to access their own files and sue if they violate the Fair Credit Reporting Act The Consumer Financial Protection Bureau (CFPB) released its annual list of consumer reporting companies. The list identifies dozens of specialty reporting companies that collect and sell......
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