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CFPB Goes on Offense, Faces New Challenges After High Court Win
Bloomberg Law· 6 days agoCourt. Its director, Rohit Chopra, said enforcement is now “firing on all cylinders.” The Supreme Court’s decision will have immediate and significant impact on the consumer finance industry ...
CFPB Bites of the Month - May 2024 - CFPB: Light My Way, Virginia May | JD Supra
JD Supra· 5 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
Marqeta Welcomes CFPB BNPL Rule | Crowdfund Insider
Crowdfund Insider· 2 days agoThis week, Marqeta welcomed the recent Consumer Financial Protection Bureau (CFPB) rule on BNPL providers. In a statement, Marqeta said it appreciates...
‘This is just the beginning of CFPB regulation of the BNPL industry’ – regulatory experts
Retail Banker International via Yahoo Finance· 5 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...
Buy Now, Pay Later Plans Must Follow Credit Card Rules, Says CFPB
CNET· 5 days agoAll your buy now pay later plans might soon be treated as credit card purchases -- at least as it...
What the CFPB’s Supreme Court Victory Means for Financial Institutions | JD Supra
JD Supra· 4 days agoUntil recently, the most popular topic of discussion in the financial services world has been the outcome of the Supreme Court case CFPB v. Community Financial Services Association ...
BNPL: CFPB acts to ensure consumers can dispute charges and obtain refunds
Retail Banker International via Yahoo Finance· 6 days agoThe Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule confirming that BNPL...
CFPB Announces New Compliance Deadlines for Small Business Lending Rule
The National Law Review· 7 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 takes on BNPL
The Hill· 6 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...
The Consequences of the US Supreme Court’s Decision Upholding the CFPB’s Funding Structure | JD...
JD Supra· 4 days agoOn May 16, 2024, the US Supreme Court upheld the constitutionality of the Consumer Financial Protection Bureau’s (“CFPB”) funding structure in a decision that will have significant ...