The CFPB emerged in the wake of the 2008 financial crisis with the mission of "enforcing federal consumer financial laws and ...
and challenges the CFPB's authority over non-bank financial technology innovators. The trade groups argue that Congress did not empower the CFPB to supervise large non-banks offering consumer ...
Two technology trade groups, TechNet and NetChoice, have filed a lawsuit against the US Consumer Financial Protection Bureau (CFPB) over its efforts to regulate digital payment apps and wallets ...
The trade groups also said the CFPB identified no consumer risks or gaps in regulatory oversight that justified the rule, which covers companies that process at least 50 million transactions ...
The Trump administration's work to shut down the Consumer Financial Protection Bureau could hit American consumers in the ...
Capital One, the ninth largest bank in the US, marketed its 360 Savings account as having one of the highest annual percentage yields, the CFPB said in a statement Tuesday. However, after ...
Two technology trade groups sued the U.S. Consumer Financial Protection Bureau on Thursday to block a new rule giving the regulator supervisory authority over payment apps and digital wallets from ...
NetChoice and TechNet said Congress did not give the CFPB free rein to aggressively, arbitrarily and capriciously police large non-banks offering consumer financial services through such products as ...