A stop-work order from the Consumer Financial Protection Bureau's newly appointed acting director Russell Vought has created uncertainty about the future of consumer-oriented enforcement activity.
Two technology trade groups, TechNet and NetChoice, have filed a lawsuit against the US Consumer Financial Protection Bureau (CFPB) over its efforts to regulate digital payment apps and wallets ...
The trade groups also said the CFPB identified no consumer risks or gaps in regulatory oversight that justified the rule, which covers companies that process at least 50 million transactions ...
and challenges the CFPB's authority over non-bank financial technology innovators. The trade groups argue that Congress did not empower the CFPB to supervise large non-banks offering consumer ...
Some of the Trump administration's approach toward deregulating the financial industry risks putting the economy in a bind.
It also comes as the CFPB prepares for ... with more money to stick with the bank, while paying those with lower balances little interest. Some, such as PNC Financial Services, Citigroup and BMO ...
Capital One, the ninth largest bank in the US, marketed its 360 Savings account as having one of the highest annual percentage yields, the CFPB said in a statement Tuesday. However, after ...
NetChoice and TechNet said Congress did not give the CFPB free rein to aggressively, arbitrarily and capriciously police large non-banks offering consumer financial services through such products as ...