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The Consumer Financial Protection Bureau proposed to block financial institutions from one potential source of new junk fee revenue – fees on instantaneously declined transactions.

CFPB propone bloquearles a las instituciones financieras una potencial fuente de ingresos por nuevas tarifas inesperadas; las penalidades por transacciones declinadas instatáneamente.

CFPB propone supervisar a las grandes compañías no bancarias que ofrezcan servicios como billeteras digitales y aplicaciones de pago.

The Consumer Financial Protection Bureau (CFPB) is proposing to supervise larger nonbank companies that offer services like digital wallets and payment apps.

Over roughly a decade, digital payments, mostly conducted through mobile devices, rapidly became ubiquitous in China.

New Jersey has made great progress on a range of crucial consumer protection issues, from last year’s legislation providing important protections against predatory lending by for-profit schools to building momentum on basic debt collection standards to fighting off efforts to allow problematic earned wage access products.

CFPB publicó reporte anual sobre preocupaciones financieras entre familias militares. El reporte destaca crecimiento del uso de aplicaciones digitales de pago.

Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on the top financial concerns facing military families. The report highlights the growth of digital payment app usage in the servicemember community, the unique risks to servicemembers from these services, and the potential abuse from bad actors.

CFPB publica reporte destacando las aplicaciones digitales de pago, usadas comúnmente por consumidores y comercios.

The Consumer Financial Protection Bureau published an issue spotlight on digital payment apps heavily used by consumers and businesses.

¿Tiene dinero en una app de pago? Mejor lo mueve a una cuenta de banco, cooperativa o tarjeta, que tenga garantía federal de depósitos.

Are you keeping money in your payment app? Consider moving it to a bank, credit union, or card account so it can be covered by federal deposit insurance.

Seth Frotman delivered remarks at the Innovative Payments Conference on May 9, 2023.

Director Chopra delivered remarks at the April 25, 2023, meeting of the Financial Literacy and Education Commission.

The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) have fined Bank of America $225 million for botching the disbursement of state unemployment benefits at the height of the pandemic.

The CFPB announced a streamlined electronic submission system for prepaid account issuers to submit their account agreements to the Bureau.

Bank Failed to Stop Payments or Resolve Errors, Must Pay $12 Million in Restitution, $3.5 Million Fine.

Changes Provide More Flexibility and Extend Effective Date to April 2019.

Lenders Must Determine If Consumers Have the Ability to Repay Loans That Require All or Most of the Debt to be Paid Back at Once.

After a long process of research, outreach, and review of over one million public comments, the Consumer Bureau today has issued a rule aimed at stopping debt traps on payday and auto title loans.

Proposal Would Adjust Error Resolution Requirements and Provide More Flexibility for Credit Cards Linked to Digital Wallets.

Intercept Corp. Ignored Red Flags for Potential Fraud and Illegal Activity by Clients.

Payment Processor Deceived Consumers About the Data Security Risks of Using Its Online System The Bureau today took action against online payment platform...

I want to welcome you all to this meeting of the Credit Union Advisory Council, which has been convened to talk about consumer challenges in payment...

Thank you all for joining us today. We have convened this forum to discuss the results of our pilot project on electronic mortgage closings, which are known...