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Will Regulators’ Public Shaming Blunt Innovation?
PYMNTS.com· 16 hours agoAs has been reported in recent days, the Consumer Financial Protection Bureau (CFPB) issued a final rule to establish a registry of nonbank financial...
Harvard fellow: CFPB's 'buy now, pay later' regulation isn't enough — nothing 'substantively...
CNBC· 3 days agoThe Consumer Financial Protection Bureau declared in May that buy now, pay later customers should...
CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print
PYMNTS.com· 2 days agoThe Consumer Financial Protection Bureau (CFPB) is warning businesses against hiding “unlawful or...
CFPB creates public database of nonbank repeat offenders - HousingWire
HousingWire· 2 days agoThe Consumer Financial Protection Bureau (CFPB) is creating a public database to identify nonbank...
New CFPB Interpretive Rule to Regulate BNPL | JD Supra
JD Supra· 2 days agoThe Consumer Financial Protection Bureau (CFPB ) has issued an interpretive rule stating that Buy Now, Pay Later (BNPL) loan providers are "card issuers" under Subpart B of ...
Open Banking Standards to Include Consumer Voice, CFPB Says (1)
Bloomberg Law· 1 day agoA final rule published on the CFPB’s website late Tuesday and subsequently taken down said the agency will require each member of the standard-setting body, including consumer ...
When is a Disclaimer Not a Disclaimer?
The National Law Review· 1 day agoThe Consumer Financial Protection Bureau (“CFPB”) released a circular attempting to address “Unlawful and unenforceable contract terms and conditions”. The circular states ...
CFPB to require nonbanks to register outside enforcement orders
Compliance Week· 2 days agoThe rule mandates nonbank financial companies register with the bureau when they become subject to a “written order imposing obligations based on violations of certain consumer protection laws ...
CFPB Applies Consumer Credit Card Protections to Buy Now, Pay Later Plans | JD Supra
JD Supra· 2 days agoBuy Now, Pay Later (“BNPL”) payments are often presented by retailers and BNPL lenders to consumers as an alternative to traditional credit card...
CFPB Sues PHEAA, Alleging Illegal Collections on Student Loans
PYMNTS.com· 6 days agoThe Consumer Financial Protection Bureau (CFPB) has sued student loan servicer Pennsylvania Higher...