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.

Venmo Launches Venmo Groups to Split Common Expenses

by Connie Diaz De Teran

November 14, 2023

Venmo announced the launch of its newest in-app feature, Venmo Groups, which facilitates the splitting of bills among a group ...

FCA Identifies Gaps in Consumer Protection Against APP Fraud

by Connie Diaz De Teran

November 14, 2023

The Financial Conduct Authority (FCA), the UK’s financial regulatory body, recently shed light on both the strengths and weaknesses of ...

CFPB Proposal Aims to Bring Fintech Companies Under Supervisory Examinations

by Connie Diaz De Teran

November 9, 2023

A proposed rule by the Consumer Financial Protection Bureau (CFPB) will require large, non-financial digital payment providers that handle over ...

Elon Musk Wants to Make Traditional Banks Obsolete

by Connie Diaz De Teran

October 30, 2023

Elon Musk has announced plans to convert X (formerly known as Twitter) into an all-inclusive financial hub. At an Oct. ...

CFPB Proposes Open Banking Rule to Protect Consumer Data

by Connie Diaz De Teran

October 23, 2023

The Consumer Financial Protection Bureau (CFPB) has proposed a new rule that will enable customers to freely share their financial ...

FTC Is Looking to Eliminate Junk Fees

by Rimma Kats

October 13, 2023

Junk fees are costing consumers in the U.S. billions of dollars annually, and the Federal Trade Commission is looking to ...

CFPB payment plan Transact Campus Acquires Canadian Startup Hangry

New CFPB Study Examines the Perils of Tuition Payment Plans

by Josh Einis

September 19, 2023

A new report from the CFPB (Consumer Financial Protection Bureau) delves into the risks students face when taking on a ...

UK Government Set to Launch Open Banking Within GOV.UK Pay

by Connie Diaz De Teran

August 15, 2023

The UK Government is planning to implement open banking within the GOV.UK Pay system. This is part of a larger initiative to ...

Klarna Rebrands Open Banking Platform

by Connie Diaz De Teran

August 1, 2023

Klarna has dropped its open banking brand Klarna Kosma, less than 18 months after its launch, and is planning to ...

CFPB, HHS, and Treasury Department Launch Inquiry into Medical Credit Cards

by Josh Einis

July 12, 2023

In a move that may have far-reaching consequences for healthcare financial products, the Consumer Financial Protection Bureau (CFPB), the Department ...