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CFPB, Apple Inc. and Google Payment Corp

Tech groups sue US CFPB to block rule on payment apps, digital wallets

Two technology trade groups sued the U.S. Consumer Financial Protection Bureau on Thursday to block a new rule giving the regulator supervisory authority over payment apps and digital wallets from large non-banks.

news.bloomberglaw · 17h

Tech Trade Groups Sue to Block CFPB Rule Targeting Apple, Google

A pair of trade groups representing Meta Platforms Inc., Apple Inc., and Google parent Alphabet Inc. sued to block a Consumer Financial Protection Bureau rule that would bring those companies’ payment operations under the agency’s supervision.

The Verge on MSN · 9h

CFPB sued for trying to regulate digital payment apps more like banks

Two major tech trade groups are challenging the Consumer Financial Protection Bureau’s (CFPB) effort to treat payment apps and digital wallets like banks. In a lawsuit filed in federal court in Washington,

Reuters · 14h

US CFPB fines Cash App-parent Block over insufficient fraud protection

The Consumer Financial Protection Bureau on Thursday ordered payments firm Block to pay a penalty, citing fraud and weak security protocols on its mobile payment service Cash App.

Seeking Alpha on MSN · 16h

CFPB orders Cash App parent Block to pay $175M for fraud failures

The Consumer Financial Protection Bureau ordered Block (NYSE:SQ) to pay restitution of up to $120M and a penalty of $55M over alleged weak security protocols for its Cash App, the agency said on Thursday.

CFPB, Capital One

FOX News on MSN · 1d

Capital One sued by CFPB for allegedly cheating customers out of $2 billion

The Consumer Financial Protection Bureau (CFPB) is suing Capital One, alleging the bank illegally misled customers by not notifying them of account options that paid higher interest rates.The federal government's consumer watchdog claims Capital One's practices meant millions of customers missed out on a collective $2 billion they could have made in interest payments.

bankingdive · 2d

CFPB sues Capital One over $2B in unpaid interest to customers

The agency accused Capital One of obscuring a new, higher-paying savings product from some legacy savings account holders. The bank said it is “disappointed” with the bureau’s “eleventh hour lawsuits.

NBC News on MSN · 2d

CFPB sues Capital One alleging it cheated customers out of over $2 billion in interest

Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings account.

Hosted on MSN1mon

Bank groups sue CFPB over rule to limit overdraft fees

13 (UPI) --Banking groups said they plan to sue the federal Consumer Financial ... The groups said the final rule introduced by the CFPB on Thursday, "exceeds its regulatory authority." ...

4hon MSN

US consumer finance watchdog sued for treating digital wallets like banks

TechNet and NetChoice have sued the Consumer Financial Protection Bureau, challenging a rule that gives the regulator more ...

Becker's Hospital Review7d

Groups sue to block CFPB's medical debt credit reporting ban

Trade groups file lawsuit against CFPB over new rule banning medical debt from credit reports, arguing it exceeds statutory authority.

Al Bawaba News1mon

Bank groups set to sue CFPB due to rule to limit overdraft fees

Banking groups said they plan to sue the federal Consumer Financial Protection ... The groups said the final rule introduced by the CFPB on Thursday, "exceeds its regulatory authority." ...

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CFPB, Apple Inc. and Google Payment Corp

CFPB, Capital One

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