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PayPal off hook in CFPB probe into Venmo fund transfers
Compliance Week· 1 day agoIn March, the CFPB told PayPal it was concluding its inquiry without taking action, the company said...
Health Savings Accounts Can Come With Unhealthy Fees, Government Watchdog Warns
Barrons.com· 17 hours agoHSAs can be a smart, tax-advantaged way to contain healthcare costs, but the Consumer Financial...
CFPB Bites of the Month - April 2024 - Won't Get Fooled Again, CFPB | JD Supra
JD Supra· 15 hours agoIn this month's article, we share some of our top "bites" covered during the April 2024 webinar. There he discussed how the CFPB's Fair Credit Reporting Act (FCRA) enforcement can protect national ...
Proposed update to FDIC’s Change in Bank Control Act fails to advance
Compliance Week· 4 days agoThe draft proposal, put forward Thursday by Rohit Chopra, director of the Consumer Financial...
FDIC halts plans to increase oversight of asset managers invested in banks
Pensions & Investments· 7 days agoFederal bank regulators halted proposals that would have increased oversight of the largest asset managers, such as BlackRock and Vanguard, that hold hefty investments in banks. “I think it's ...
CFPB: Medical Bills Plague Lower-Income Americans
PYMNTS.com· 4 days agoNew government data shows 15 million Americans still have medical bills on their credit reports. Collectively, these Americans have more than $49 billion...
HSA account holders hurt by high fees, low yields — CFPB
Pensions & Investments· 2 days ago“Health savings accounts typically offer low interest yields,” said Rohit Chopra, the CFPB’s director, in a news release accompanying an agency report analyzing ...
15 million Americans have medical bills on credit reports: CFPB
Retail Banker International via Yahoo Finance· 3 days ago“Findings from our latest research reveal the impact of these changes and the need for further...
Apple, Google and Venmo fight new U.S. plan to monitor payment apps
Washington Post via Yahoo Finance· 2 days agoThe U.S. government is weighing whether to treat Apple, Google and PayPal-owned Venmo more like...
Medical Debts Have Been Wiped From Many Credit Reports, But the Biggest Ones Remain
Investopedia· 4 days agoMedical debts are disappearing from Americans’ credit reports, but they’re not extinct yet—and a...