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June

5
2024
Industry News

CFPB Launches Process to Recognize Open Banking Standards | Consumer Financial Protection Bureau

WASHINGTON, D.C. - Today, the Consumer Financial Protection Bureau (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.

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June

4
2024
Compliance

Why it’s not rude to ignore “hi, how are you?” text messages from strangers

A text message from an unknown number that simply says: hi, how are you? seems harmless. Your first instinct might be to respond to see if it’s someone you know. Or maybe tell them they made a mistake.

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June

4
2024
Industry News

CFPB Creates Registry to Detect Corporate Repeat Offenders

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today finalized a rule to establish a registry to detect and deter corporate offenders that have broken consumer laws and are subject to federal, state, or local government or court orders.

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June

4
2024
Compliance

Semi-Annual Report of the Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau is pleased to present our Semi-Annual Report to Congress for the period beginning April 1, 2023 and ending September 30, 2023.

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June

4
2024
Industry News

Prepared Remarks of CFPB Director Rohit Chopra on the Final Rule to Detect and Deter Repeat Offenders

Too many American families have been harmed by corporate repeat offenders in a rinse-and-repeat cycle of illegality, where bad actors see fines and penalties as the cost of doing business. Throughout our economy, we have seen fraudsters and scam artists get caught in one part of the country and restart their scheme in a new place hoping to not get caught again.

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