Tag: CFPB

Get the latest news and analysis on CFPB regulations and actions. PaymentsJournal provides expert insights to keep you informed on consumer financial protection matters.

Will 2022 Be a Pivotal Year for ‘Open Banking’?

by Sarah Grotta

January 13, 2022

A column in Bloomberg Law written by the CEO and co-founder of Petal, a New York-based credit card company, is ...

CFPB Scrutinizes BNPL Vendor’s Data Collection & Monetization Practices

by Tim Sloane

January 7, 2022

The National Law Review identifies that the CFPB is using its market monitoring authority to order five companies offering Buy ...

BNPL: Entering Mainstream Lending with Credit Bureau Reporting

by Brian Riley

January 3, 2022

BNPL may not be the best thing that happened to lending, but credit bureau reporting for BNPL consumer loans may ...

To Keep Americans from Falling off an Economic Cliff, We Need to Fix Overdrafts

by Joel Schwartz

December 24, 2021

As state and federal aid programs wind down, millions of economically vulnerable Americans face an uncertain financial future. For example, ...

BoA Identifies Affirm as “Well Positioned” Given the CFPB BNPL Inquiry

by Ben Danner

December 21, 2021

Analysts from Bank of America do not seem too concerned about the recent Consumer Financial Protection Bureau (CFPB) inquiry into ...

BNPL Driven by Gen Z and More Regulatory Scrutiny on the Way

by Ben Danner

December 17, 2021

BNPL, or buy now pay later, is a new payment option that is becoming increasingly popular with Gen Z shoppers. ...

CFPB Enters the Ring with BNPL: Time to Start Reporting

by Brian Riley

December 16, 2021

As a sign that Buy Now Pay Later (BNPL) has matured to become a mainstream lending product, top companies received ...

CFPB Regulatory Fall Release: No Major Credit Card Issues

by Brian Riley

December 13, 2021

The Consumer Financial Protection Bureau published their supervisory highlights for 3Q2021. The credit card industry withstood the regulatory gamut well. The ...