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CFPB's Open Banking rule decision prompts FTA's criticism

News | Online & Mobile Banking | 28 May 2025

The Consumer Financial Protection Bureau (CFPB) has decided to drop its proposed Open Banking rule, leading to increased criticism from the Financial Technology Association (FTA). 

regulation, Open Banking, digital banking, fintech, financial services

FTA to safeguard CFPB's Open Banking rule in court

News | Online & Mobile Banking | 19 May 2025

The Financial Technology Association (FTA) has announced its plans to defend a Consumer Financial Protection Bureau (CFPB) Open Banking rule. 

Open Banking, regulation, financial services, banks, financial institutions

CFPB withdraws Toyota and Walmart cases

News | Online & Mobile Banking | 14 May 2025

The US Consumer Financial Protection Bureau (CFPB) has dropped a 2023 settlement with Toyota’s financing arm, as well as its lawsuit against Walmart and workforce payments firm Branch. 

regulation, fintech, financial services, financial institutions

CFPB ends Biden-era Google Payment supervision

News | Payments General | 12 May 2025

The US Consumer Financial Protection Bureau (CFPB) has ended its supervision of Alphabet’s Google Payment Corp.

regulation, compliance, payments , fintech

CFPB ceases enforcement of BNPL regulation

News | Payments General | 07 May 2025

The Consumer Financial Protection Bureau (CFPB) has announced that it dropped the enforcement actions of a BNPL rule declaring such providers as credit card issuers subject to the Truth in Lending Act.  

regulation, BNPL, credit card, financial services, fintech

CFPB to reportedly revisit Open Banking rule

News | Online & Mobile Banking | 06 May 2025

The Consumer Financial Protection Bureau (CFPB) has reportedly planned to revisit its Open Banking rule, according to Bloomberg.

Open Banking, regulation

CFPB drops lawsuit against Zelle operator and major banks

News | Digital Identity, Security & Online Fraud | 06 Mar 2025

The Consumer Financial Protection Bureau (CFPB) has withdrawn its lawsuit against Early Warning Services (EWS), the operator of the Zelle payment network, and several large banks.

compliance, fraud prevention, regulation, financial institutions

CFPB moves to dismiss lawsuit against Capital One

News | Online & Mobile Banking | 03 Mar 2025

The Consumer Financial Protection Bureau (CFPB) has decided to dismiss a lawsuit filed in January 2025 against Capital One.

banking, financial services, compliance, customer experience

Trump administration orders CFPB to halt operations

News | Online & Mobile Banking | 11 Feb 2025

The Trump administration has directed the Consumer Financial Protection Bureau (CFPB) to suspend nearly all activities, effectively halting the agency’s operations, according to AP.

regulation, data sharing, Open Banking

CFPB orders Wise to pay USD 2.5 million fine due to illicit remittance practices

News | Digital Identity, Security & Online Fraud | 31 Jan 2025

The Consumer Financial Protection Bureau (CFPB) has ordered Wise to pay USD 2.5 million fine due to a series of illicit remittance actions, with the company being accused of misleading customers about fees and failing to offer proper disclosures. 

remittance, money remittance, regulation, compliance, financial services

CFPB files lawsuit against Zelle operator over fraud concerns

News | Online & Mobile Banking | 28 Jan 2025

The Consumer Financial Protection Bureau has filed a lawsuit against Early Warning Services, the operator of Zelle, along with three banks.

fraud prevention, cybersecurity, data protection, identity verification

NetChoice and TechNet sue the US CFPB to block regulation

News | Payments General | 17 Jan 2025

Technology trade groups NetChoice and TechNet have announced their decision to sue the US Consumer Financial Protection Bureau (CFPB) to oppose a new rule providing the regulator with supervisory authority over payment apps and digital wallets.  

regulation, digital wallet, fintech, online payments, financial services

CFPB files lawsuit against Capital One over interest rate practices

News | Online & Mobile Banking | 15 Jan 2025

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Capital One, N.A., and its parent company, Capital One Financial Corp.

fraud prevention, financial services, interest rate, financial institutions

CFPB seeks public input on privacy protections in digital payments

News | Payments General | 13 Jan 2025

The Consumer Financial Protection Bureau (CFPB) has announced plans to gather public feedback on enhancing privacy protections in digital payment systems.

regulation, digital payments, payment methods, financial services, data protection, data privacy

CFPB passes application from FDX to issue Open Banking standards

News | Online & Mobile Banking | 09 Jan 2025

The Consumer Financial Protection Bureau (CFPB) has announced that it issued an order which acknowledges Financial Data Exchange (FDX) as a standard-setting institution under its Personal Financial Data Rights regulation. 

regulation, financial data, data sharing, data protection, fintech

CFPB sues Experian for sham investigations of credit report errors

News | Digital Identity, Security & Online Fraud | 08 Jan 2025

The Consumer Financial Protection Bureau has sued Experian, the nationwide consumer reporting agency, for failing to properly investigate consumer disputes.

compliance, fraud management, fraud detection, fraud prevention

CFPB announces measures to address credit card practices and fees

News | Payments General | 19 Dec 2024

The Consumer Financial Protection Bureau (CFPB) has announced a series of measures aimed at addressing illegal credit card practices and reducing financial burdens.

credit card, financial services, product launch, interest rate

CFPB adjourns overdraft loophole to decrease fees for US residents

News | Online & Mobile Banking | 13 Dec 2024

The Consumer Financial Protection Bureau (CFPB) has announced the removal of an overdraft loophole that made overdraft loans immune to lending regulations.  

scheme fee, regulation, banking, banks, financial services

Google challenges CFPB oversight of payment division in federal court

News | Payments General | 10 Dec 2024

Google has filed a lawsuit against the Consumer Financial Protection Bureau (CFPB), contesting the agency’s decision to subject its payments division to federal oversight.

payments , regulation, data protection, customer experience

US judge denies CFPB's request to cap credit card late fees at USD 8

News | Payments General | 10 Dec 2024

A federal US judge has declined a request made by the Consumer Financial Protection Bureau (CFPB) to revoke an order that blocked a regulation capping credit card late fees at USD 8.  

regulation, online payments, digital payments, financial services, scheme fee