Consumer Financial Protection Bureau

PayPal Sues CFPB Over ‘Confusing’ Prepaid Card Rules
Risk & Compliance

PayPal Sues CFPB Over ‘Confusing’ Prepaid Card Rules

The company is challenging regulations that require PayPal accounts to guarantee the same consumer protections as prepaid credit cards.
By Lauren Muskett | December 16, 2019
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Online Lending Platform Refines the Science of Underwriting
Technology

Online Lending Platform Refines the Science of Underwriting

Upstart's loan securitizations are performing far better than Kroll, the leading credit rating agency for marketplace lenders, had expected.
By David McCann | December 2, 2019
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CFPB Proposes Limits on Debt Collection Calls
Risk & Compliance

CFPB Proposes Limits on Debt Collection Calls

The bureau's rule-making proposal could unleash “a battle over the [collection] industry’s tactics and consumers’ rights."
By Matthew Heller | May 7, 2019
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Wells Fargo Warns of Possible $1B Settlement
Regulation

Wells Fargo Warns of Possible $1B Settlement

The scandal-plagued bank posts better-than-expected Q1 earnings but a possible deal with regulators could reduce profit by about 20%.
By Matthew Heller | April 13, 2018
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CFPB Said to Be Icing Probe of Equifax Breach
Risk & Compliance

CFPB Said to Be Icing Probe of Equifax Breach

Failing to investigate the massive data breach would put “145 million Americans at risk [and] is malpractice,” says a top Democrat in the Senate.
By Matthew Heller | February 5, 2018
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Deregulation Push Targets Payday Loan Rules
Risk & Compliance

Deregulation Push Targets Payday Loan Rules

Rep. Maxine Waters says Republicans are seeking to give "payday loan sharks a reprieve at the expense of hardworking Americans."
By Matthew Heller | January 18, 2018
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Dodd-Frank Is Needed But Merits Revision
Risk & Compliance

Dodd-Frank Is Needed But Merits Revision

While preventing another financial crisis is paramount, there were a number of unintended consequences of the law.
By Tyler Harrison | September 21, 2017
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Many Parts of Dodd-Frank Should Be Repealed
Risk & Compliance

Many Parts of Dodd-Frank Should Be Repealed

The law was about micromanaging financial services rather than facilitating capital markets.
By Emre Carr | September 20, 2017
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Future Uncertain for GOP’s Dodd-Frank Reform
Risk & Compliance

Future Uncertain for GOP’s Dodd-Frank Reform

The Financial Choice Act passed the House on a party-line vote but “there is zero chance that [it] survives” in its current form in the Senate.
By Matthew Heller | June 9, 2017
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Regulators Target Banks’ Cybersecurity Policies
Technology

Regulators Target Banks’ Cybersecurity Policies

A draft proposal by three agencies seeks to boost cyber defenses and reduce the impact on the financial system of an attack.
By Matthew Heller | October 20, 2016
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Court Finds Structure of CFPB Unconstitutional
Risk & Compliance

Court Finds Structure of CFPB Unconstitutional

Critics of the consumer protection agency welcomed the decision but the D.C. Circuit stopped short of shutting it down.
By Matthew Heller | October 12, 2016
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Regulator Seeks Tougher Rules on Debt Collectors
Risk & Compliance

Regulator Seeks Tougher Rules on Debt Collectors

The Consumer Financial Protection Bureau says its proposal would "drastically overhaul the debt collection market."
By Matthew Heller | July 29, 2016
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Dwolla Fined $100K Over Lack of Data Security
Tech

Dwolla Fined $100K Over Lack of Data Security

A first-of-its-kind action by the CFPB finds the payment network provider's security practices "fell far short" of its claims.
By Matthew Heller | March 3, 2016
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Navigating The Dangerous Waters of CFPB Enforcement
Risk & Compliance

Navigating The Dangerous Waters of CFPB Enforcement

What financial services firms can do to keep "the most powerful and least accountable federal agency in Washington" at bay.
By Robert Long and Courtney Quirs | October 9, 2015
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CFO’s Accounting and Finance for Executives
Corporate Finance

CFO’s Accounting and Finance for Executives

Whether you're new to finance or a seasoned veteran, the CFO roundup keeps you informed and involved with day-to-day updates on the latest news in finance.
By Kerry Maruna | September 30, 2015
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