Search results
BNPL: CFPB acts to ensure consumers can dispute charges and obtain refunds
Retail Banker International via Yahoo Finance· 5 days agoThe Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule confirming that BNPL...
‘This is just the beginning of CFPB regulation of the BNPL industry’ – regulatory experts
Retail Banker International via Yahoo Finance· 4 days agoIt has been quite a week for the CFPB. On 16 May, it enjoyed a 7-2 win the Supreme Court in the key...
CFPB Bites of the Month - May 2024 - CFPB: Light My Way, Virginia May | JD Supra
JD Supra· 3 days agoOn May 13, 2024, the CFPB and Federal Reserve Board ("FRB") jointly announced adjusted dollar amounts relating to the availability of customer funds. In 2019, the
JD Supra: Appraisal Bias Settlement: Potential Roadmap
JD Supra· 5 hours agoShane Lanham, 20/20 Valuations, LLC, and loanDepot.com, LLC, filed in Maryland District Court, that gained the attention of the CFPB and DOJ. While some of the terms in the ...
CFPB says buy now, pay later firms must comply with U.S. credit card laws
NBC Bay Area· 5 days agoThe Consumer Financial Protection Bureau declared on Wednesday that customers of the burgeoning buy...
Fintech lender SoLo Funds is being sued by the government over its lending practices
TechCrunch· 6 days agoThe Consumer Financial Protection Bureau (CFPB) is suing SoLo Funds, a fintech company that enables...
CFPB Says BNPL Must Provide Consumer Protections Offered by Credit Cards
PYMNTS.com· 5 days agoThe Consumer Financial Protection Bureau (CFPB) ruled Wednesday (May 22) that buy now, pay later...
CFPB takes on BNPL
The Hill· 4 days agoThe CFPB says the move will bring “consistency” to the market. “Buy now, pay later” programs, also known as BNPL, allow consumers to pay for products in...
CFPB Announces New Compliance Deadlines for Small Business Lending Rule
The National Law Review· 5 days agoGo-To Guide: On May 17, 2024, the Consumer Financial Protection Bureau (CFPB) announced it will extend the compliance deadlines for its Small Business Lending Rule. When it ...
CFPB Files Lawsuit Against SoLo Funds for Alleged Deceptive Lending Practices | JD Supra
JD Supra· 5 days agoLast week, the Consumer Financial Protection Bureau (CFPB or Bureau) filed a complaint against SoLo Funds, Inc., a fintech company operating a small-dollar, short-term lending ...