Tag : Consumer Financial Protection Bureau

Eisen and Checkbook Revolutionize Payment Disbursements with Launch of Disbursement Hub
Digital Payments News

Eisen and Checkbook Revolutionize Payment Disbursements with Launch of Disbursement Hub

Business Wire
by Business Wire0
In response to the evolving regulatory landscape surrounding account closures and fund disbursements, leading financial technology companies Eisen and Checkbook have joined forces to introduce Disbursement Hub—a groundbreaking solution designed to streamline payment disbursements and ensure compliance with consumer protection regulations. The Consumer Financial Protection Bureau (CFPB) has heightened its......
Compliance management Featured Fintech Fintech Primers

Simplification Of Fintech Regulations: A Succinct Analysis From Experts

Pooja Choudhary
by Pooja Choudhary0
Introduction As the financial technology industry grows in importance to the economies and national security of all countries, the regulatory landscapes of those countries may change as well. Industry experience and subject expertise are essential parameters to comprehend today’s changing geopolitical and ESG landscapes. The country-specific regulatory contexts on long-term......
CFPB Takes Action Against ACI Worldwide for Illegally Processing $2.3 Billion in Mortgage Payments that Homeowners Did Not Authorize
Consumer protection laws Digital Payments News

CFPB Takes Action Against ACI for Illegally Processing $2.3 Billion in Mortgage Payments that Homeowners Did Not Authorize

Fintech News Desk
by Fintech News Desk0
ACI will pay a $25 million penalty for data handling practices that negatively impacted nearly 500,000 homeowners whose mortgages were serviced by Mr. Cooper The Consumer Financial Protection Bureau (CFPB) issued an order against ACI Worldwide and one of its subsidiaries, ACI Payments, for improperly initiating approximately $2.3 billion in......
CFPB Action to Require Citizens Bank to Pay $9 Million Penalty for Unlawful Credit Card Servicing
Consumer protection laws News

CFPB Action to Require Citizens Bank to Pay $9 Million Penalty for Unlawful Credit Card Servicing

Fintech News Desk
by Fintech News Desk0
Citizens failed to properly manage and respond to customers’ credit card disputes and fraud claims Today, the Consumer Financial Protection Bureau (CFPB) reached a settlement to resolve allegations that Citizens Bank violated consumer financial protection laws and rules that protect individuals when they dispute credit card transactions. The CFPB alleges......
Decentralized Authentication: A Path Forward to Crypto 2.0
Cryptocurrency Fintech Primers Fintech Radar Guest Posts

Decentralized Authentication: A Path Forward to Crypto 2.0

Alessandro Chiarini
by Alessandro Chiarini0
There seems to be several factors to blame for the recent crypto fallout – everything from contagion fears stemming from FTX’s fast and precipitous fall; to the need for more stringent regulations, especially around stablecoins; and more. But another big part of the decline of crypto 1.0 certainly has to......
CFPB Enhances Tool to Promote Competition and Comparison Shopping in Credit Card Market
Credit Bureaus News

CFPB Enhances Tool to Promote Competition and Comparison Shopping in Credit Card Market

Fintech News Desk
by Fintech News Desk0
Price transparency will help families find better credit card deals in a time of rising interest rates The Consumer Financial Protection Bureau (CFPB) launched an improved survey of credit card issuers that can help consumers and families compare interest rates and other features when shopping for a new credit card.......
Winston & Strawn Expanding Miami Office Adds Two Partners: A Leading Corporate/Financial Services Lawyer and an Experienced Litigator
Lifestyle Markets News

CFPB To Establish Public Registry In Form Contracts For Consumer Rights And Protections

Fintech Staff Writer
by Fintech Staff Writer0
The Consumer Financial Protection Bureau proposed a rule to establish a public registry of supervised nonbanks’ terms and conditions in “take it or leave it” form contracts that claim to waive or limit consumer rights and protections, like bankruptcy rights, liability amounts, or complaint rights. In some cases, terms and......
Copper Launches Teen Investing Product To Power A Younger Generation of Investors
Banking Investment Services News

Copper Launches Teen Investing Product To Power A Younger Generation of Investors

Fintech News Desk
by Fintech News Desk0
After engaging with 1,200,000+ Banking app users, Copper automates and simplifies real-world investing for teens from the ground up Copper, the go-to banking app that truly teaches teens and kids about money and sets them up for future financial success, announced its expansion to Copper Investing, a teen-centric Registered Investment......
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......
CFPB Launches New Way for the Public to Petition the Agency for Action
Business Finance News

Consumer Financial Protection Bureau Launches New Way for the Public to Petition the Agency for Action

Fintech News Desk
by Fintech News Desk0
Reforms Will Help the Public to Exercise their Constitutional Rights The Consumer Financial Protection Bureau (CFPB) made it easier for the public to meaningfully engage with the agency and request regulatory changes. Starting today, members of the public can submit petitions for rulemaking directly to the CFPB. The petitions will......
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