CFPB Orders Wise to Pay $2.5 Million for Illegal Remittance Practices
The CFPB ordered the international remittance company Wise to pay nearly $2.5 million for a series of illegal actions.
Newsroom
CFPB Orders Operator of Cash App to Pay $175 Million and Fix Its Failures on Fraud
The CFPB ordered Block, the operator of the peer-to-peer payments app Cash App, to refund consumers $120 million and pay a penalty of $55 million.
CFPB Seeks Input on Digital Payment Privacy and Consumer Protections
Today, the CFPB announced that it is seeking public input on strengthening privacy protections and preventing harmful surveillance in digital payments, particularly those offered through large technology platforms.
CFPB Approves Application from Financial Data Exchange to Issue Standards for Open Banking
The CFPB issued an order recognizing Financial Data Exchange, Inc. (FDX) as a standard setting body under the CFPB’s Personal Financial Data Rights rule.
La CFPB demanda a bancos por fraude en Zelle | CFPB
La CFPB demandó al operador de Zelle y a tres de los bancos más grandes del país por no proteger a los consumidores del fraude que se extendió dentro de la red más grande disponible de pagos de persona a persona.
Prepared Press Call Remarks of CFPB Director Rohit Chopra on the Zelle Lawsuit Announcement
Director Chopra delivered remarks on consumers harmed by fraud on the Zelle payment network.
CFPB Sues JPMorgan Chase, Bank of America, and Wells Fargo for Allowing Fraud to Fester on Zelle
The Consumer Financial Protection Bureau (CFPB) sued the operator of Zelle and three of the nation’s largest banks for failing to protect consumers from widespread fraud on America’s most widely available peer-to-peer payment network.
CFPB Closes Overdraft Loophole to Save Americans Billions in Fees
The CFPB took action to close an outdated overdraft loophole that exempted overdraft loans from lending laws.
CFPB Finalizes Rule on Federal Oversight of Popular Digital Payment Apps to Protect Personal Data, Reduce Fraud, and Stop Illegal “Debanking”
The CFPB today finalized a rule to supervise the largest nonbank companies offering digital funds transfer and payment wallet apps.
Statement of CFPB Director Rohit Chopra on the Justice Department’s Lawsuit Against Visa
CFPB Director Chopra issued a statement regarding DOJ’s lawsuit against Visa for illegally blocking competition in the debit card market.
Consumer Advisory: Video games are targeting your children to get into your wallet
Gaming marketplaces increasingly mirror banking and payment systems but use design tricks to encourage spending, and our children are often the primary audience. Here are steps to help protect your family.
CFPB Report Highlights Junk Fees Charged by School Lunch Payment Platforms
The CFPB released a report on payment processing companies that help school districts process children’s school lunch payments.
Reporte de la CFPB revela tarifas en almuerzos escolares | CFPB
La CFPB emitió un reporte sobre las compañías que ayudan a los distritos a procesar los pagos de los almuerzos escolares.
CFPB Lanza Proceso para Reconocer Estándares de Banca Abierta | CFPB
CFPB finaliza normativa delineando las calificaciones para el establecimiento de las organizaciones que desarrollarán los estándares de la banca abierta.
CFPB Launches Process to Recognize Open Banking Standards
Today, the CFPB finalized a rule outlining the qualifications to become a recognized industry standard setting body, which can issue standards that companies can use to help them comply with the CFPB’s upcoming Personal Financial Data Rights Rule.
CFPB Proposes Rule to Stop New Junk Fees on Bank Accounts
The Consumer Financial Protection Bureau proposed to block financial institutions from one potential source of new junk fee revenue – fees on instantaneously declined transactions.
La CFPB Propone Normativa para Detener el Cobro de Tarifas Inesperadas sobre Cuentas Bancarias
CFPB propone bloquearles a las instituciones financieras una potencial fuente de ingresos por nuevas tarifas inesperadas; las penalidades por transacciones declinadas instatáneamente.
CFPB Proposes New Federal Oversight of Big Tech Companies and Other Providers of Digital Wallets and Payment Apps
The Consumer Financial Protection Bureau (CFPB) is proposing to supervise larger nonbank companies that offer services like digital wallets and payment apps.
CFPB propone normativa para supervisar al Big Tech
CFPB propone supervisar a las grandes compañías no bancarias que ofrezcan servicios como billeteras digitales y aplicaciones de pago.
Prepared Remarks of CFPB Director Rohit Chopra at the Brookings Institution Event on Payments in a Digital Century
Over roughly a decade, digital payments, mostly conducted through mobile devices, rapidly became ubiquitous in China.
Prepared Remarks of Seth Frotman, General Counsel and Senior Advisor to the Director, at New Jersey Citizen Action Education Fund’s 14th Annual Financial Justice Summit
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.
Reporte de la CFPB Identifica Problemas Creados por el Aumento del Uso entre Militares de Aplicaciones Digitales de Pago
CFPB publicó reporte anual sobre preocupaciones financieras entre familias militares. El reporte destaca crecimiento del uso de aplicaciones digitales de pago.
CFPB Report Identifies Issues with Increased Servicemember Use of Digital Payment Apps
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.
Billones de Dólares en Aps de Pago Carecerían de Garantía Federal
CFPB publica reporte destacando las aplicaciones digitales de pago, usadas comúnmente por consumidores y comercios.
CFPB Finds that Billions of Dollars Stored on Popular Payment Apps May Lack Federal Insurance
The Consumer Financial Protection Bureau published an issue spotlight on digital payment apps heavily used by consumers and businesses.