Tag: CFPB
Breaking News
Regulators Take an Interest in Earned Wage Access
The last couple of months have seen movement by regulators at both the state and federal level regarding earned wage accessFebruary 4, 2021...
Bitcoin Holding Companies Will Come Under Scrutiny from Biden Administration, Says Ripple CEO
Ripple CEO Brad Garlinghouse is once again taking aim at Bitcoin (BTC) mining energy consumption, predicting that the changing political landscape in the United States may affect companies holding the largest crypto by market capitalization. Meanwhile, Ripple itself has experienced some difficulties with operating in the country owing to the lack of clarity about theRead MoreRead More. The post by Osato Avan-Nomayo appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News
CFPB Proposes Open Banking Regulation
The Consumer Financial Protection Bureau (CFPB) made a small move with big potential today. The U.S. agency issued an advanced notice of...
George Anderson on What You Don’t Know About Open Banking
When we saw Ninth Wave Founder and CEO George Anderson’s keynote presentation at FinovateFall titled, “Open Banking: Ignore at Your Own...
Highlights from the First Big Fintech Virtual Event: LendIt Fintech USA 2020
Peter Renton and Bo Brustkern kicking off the first ever virtual LendIt FintechLast week the fintech industry gathered online for the eighth annual...
US Banking Regulator Invites Innovators to Talk Tech Virtually
Per a July 2 announcement, the Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB) are opening...
Consumers Losing Billions in Hidden Remittance Payments Costs, Nick Catino from Fintech TransferWise Reveals
Nick Catino, head of policy and campaigns (Americas) at Fintech firm TranserWise, recently discussed how the remittance rule affects the company’s pricing model.
The...
Ripple and XRP Named As Potential Payments Game Changers by US Consumer Financial Protection Bureau
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The US Consumer Financial Protection Bureau just released a final rule that implements a number of consumer remittance protections outlined in the...
For Chase, fintechs and aggregators need ‘skin in the game’
Fintechs, aggregators and banks may agree on data sharing, but accountability should be equally assigned to all parties, according to JPMorgan Chase. At...
Bankers and aggregators disagree on data-sharing approaches
The parameters around how consumer financial information should be shared with third-party apps and platforms was the subject of debate at an industry...
US Consumer Financial Protection Bureau Seeking Comments on Proposed Remittance Rule Revisions
Jeremy M. McLaughlin and Daniel S. Cohen
On December 3, the United States Consumer Financial Protection Bureau (“CFPB”) published a notice of proposed rulemaking...