Search results
CFPB Issues Interpretive Rule Classifying BNPL Products as ‘Credit Cards’
The National Law Review· 5 days agoOn May 22, 2024, the Consumer Financial Protection Bureau (CFPB) issued a significant Interpretive...
CFPB Supreme Court Decision Protects Consumer Protection Whistleblowers
The National Law Review· 3 days agoCongress created the CFPB in the wake of the 2008 financial crisis to unify the enforcement of 18...
CFPB Publishes Final Nonbank Registry Rule | JD Supra
JD Supra· 2 days agoOn June 3, the Consumer Financial Protection Bureau (CFPB) published a final rule to create a registry of nonbank companies that have entered into consent agreements or who ...
CFPB finalizes open banking standard setter rule
Banking Dive via Yahoo Finance· 2 days agoThe bureau will consult public interest groups and app developers on open banking standards, and no single special interest can dominate the...
CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print
PYMNTS.com· 4 days agoThe Consumer Financial Protection Bureau (CFPB) is warning businesses against hiding “unlawful or...
Harvard fellow: CFPB's 'buy now, pay later' regulation isn't enough — nothing 'substantively...
CNBC· 5 days agoThe Consumer Financial Protection Bureau declared in May that buy now, pay later customers should...
CFPB Launches Public Inquiry into Rising Mortgage Closing Costs and ‘Junk Fees’
The National Law Review· 4 days agoThe Consumer Financial Protection Bureau (CFPB) has launched a public inquiry into rising mortgage closing costs, seeking to understand the reasons behind the increase, identify ...
CFPB creates registry to detect corporate repeat offenders
Retail Banker International via Yahoo Finance· 5 days agoThe Consumer Financial Protection Bureau (CFPB) has established a registry to detect and deter...
CFPB issues UDAAP guidance on contracts for consumer financial products and services | JD Supra
JD Supra· 3 days agoOn June 4, 2024, the Consumer Financial Protection Bureau (“CFPB”) issued a Consumer Financial Protection Circular 2024-03 (“Circular”) warning that...
CFPB Applies Credit Card Rules to 'Buy Now, Pay Later' Lenders | JD Supra
JD Supra· 3 days agoGiven that traditional BNPL products do not involve a finance charge and are repayable in four or fewer installments, many provisions of Regulation Z do not apply to BNPL loans, as the