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CFPB Bites of the Month - May 2024 - CFPB: Light My Way, Virginia May | JD Supra
JD Supra· 49 minutes 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
How to protect your credit card rewards as CFPB responds to a surge in customer complaints
Yahoo Personal Finance· 4 hours agoAmid rising complaints, the CFPB is taking a close look at credit card reward programs. While...
CFPB Issues “Interpretive Rule” Deeming BNPL Providers Card Issuers | JD Supra
JD Supra· 11 hours agoThe result of the CFPB’s multi-year study of the BNPL industry is what the CFPB calls an interpretive rule in which it finds that: (1) “digital user accounts ...
What the CFPB’s Supreme Court Victory Means for Financial Institutions | JD Supra
JD Supra· 11 hours 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 ...
CFPB Enters Consent Order Over Student Loan Debt Relief Services | JD Supra
JD Supra· 11 hours agoOn May 20, 2024, the Consumer Financial Protection Bureau (CFPB) announced that it had entered into a consent order with a California-based telemarketer that offered student ...
‘This is just the beginning of CFPB regulation of the BNPL industry’ – regulatory experts
Retail Banker International via Yahoo Finance· 1 day 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 tightens rules for buy now, pay later lenders
FOX Business· 2 days agoThe Consumer Financial Protection Bureau (CFPB) announced Wednesday it will impose some of the same rules on buy now, pay later (BNPL) lenders that apply...
Buy Now, Pay Later Plans Must Follow Credit Card Rules, Says CFPB
CNET· 1 day agoAll your buy now pay later plans might soon be treated as credit card purchases -- at least as it...
CFPB Announces Extensions to Section 1071 Compliance Deadlines | JD Supra
JD Supra· 1 day agoOn May 17, 2024, the Consumer Financial Protection Bureau (CFPB) announced its intention to extend the deadlines for compliance with Section 1071 of...
CFPB, NCUA overreach threatens credit unions - CUInsight
CUInsight.com· 7 days agoCredit unions are operating in an increasingly burdensome regulatory environment. News this week...