Tag: CFPB
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The CFPB Formally Proposes 1033 Open Banking Rule – Finovate
The U.S. Consumer Financial Protection Bureau (CFPB) took a step in the direction of formalizing open banking regulation today. The agency proposed a...
When the CFPB States Banks Cannot Charge for “Basic” Customer Service – Finovate
The Consumer Financial Protection Bureau (CFPB) issued its first advisory opinion offering guidance on section 1034(c) of the Consumer Financial Protection Act (CFPA),...
California Gov. Newsom greenlights crypto regulation bill for 2025
California Governor Gavin Newsom has approved a cryptocurrency bill that enforces stricter regulations on businesses conducting crypto operations, set to begin in 18 months. In...
Wells Fargo Denies Wrongdoing After Freezing $204,000 in Customer’s Account, Facing Lawsuit for Damages – The Daily Hodl
Wells Fargo says it did nothing wrong when freezing $204,000 in a customer’s account – even though it’s partially relenting to lawyers who claim...
US Mulls Applying EFT Regulations to Cryptocurrency Accounts – CryptoCurrencyWire
The Consumer Financial Protection Bureau (CFPB) is currently assessing the use of the Electronic Fund Transfer Act (EFTA) within the context of crypto platforms....
Atomic, PayLink, and the Consumer-Centric Transformation of Financial Services – Finovate
What is the future of open banking in the U.S.? Today, financial connectivity innovator Atomic launched PayLink, a new suite of solutions...
Top Takeaways on Open Banking from FinovateFall – Finovate
Of all the takes I’ve heard about open banking over the past week, here is a great one I did not hear courtesy...
Best Payment Apps in USA
As technology
continues to change the way we handle our money, it's critical to find the top
payment apps accessible in the United States. These apps...
Tech companies cast large shadow over tap to pay
At the heart of the issue lies the dominance of Apple’s iOS and Google’s Android operating systems. As of the second quarter of 2023,...
Best Payment Apps to Use in Europe
The way we
manage financial transactions has significantly changed. Europe is at the
vanguard of this digital revolution, thanks to its tech-savvy populace and
advanced financial services...
Planning Adoption of the Emerging Technologies Changing U.S. Payments Services
Traditional payment systems that require days-long transaction settlement, high retailer fees, and operational inefficiencies are getting a technology makeover. Led by enabling technologies...
Embracing Open Banking for Small Banks
As the Consumer Financial Protection Bureau (CFPB) finalizes its Dodd-Frank Section 1033 rulemaking, the U.S. is on the brink of establishing an open banking...