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CFPB, Cash App

Hosted on MSN · 3h

CFPB Orders Cash App's Parent Company To Pay $175M

Cash App's parent company will have to pay $175 million for poorly protecting its users from fraud and financial crimes on the payment platform, officials said. The Consumer Financial Protection Bureau ordered Block to refund up to $120 million to users harmed by fraud,

Tech groups sue US CFPB to block rule on payment apps, digital wallets

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 large non-banks.

The Verge on MSN · 1d

CFPB sued for trying to regulate digital payment apps more like banks

Two major tech trade groups are challenging the Consumer Financial Protection Bureau’s (CFPB) effort to treat payment apps and digital wallets like banks. In a lawsuit filed in federal court in Washington,

Equifax, CFPB and credit

NBC New York · 11h

CFPB fines Equifax $15 million for errors on credit reports

The Consumer Financial Protection Bureau fined Equifax $15 million for credit reporting errors. The CFPB alleged the credit bureau failed to properly investigate consumer disputes.

American Banker · 10h

CFPB orders Equifax to pay $15 million for credit reporting errors

Equifax agreed to resolve allegations that it failed to conduct proper investigations of consumer disputes, ignored evidence and allowed previously deleted inaccuracies to be reinstated on credit reports.

USA Today · 6h

US consumer bureau fines Equifax $15 million over handling of consumer disputes

In a statement, a spokesperson for Equifax said the settlement "turns the page" on the matter, which it first disclosed in 2022.

9hon MSN

Biden's CFPB Goes Down Swinging In Blitz Of Rules. But How Many Will Survive Trump?

Key Takeaways In the final days of Joe Biden's administration, the CFPB issued a flurry of new rules and regulations, ...

The American Spectator4h

Federal Agency Gone Wild: Why the CFPB Needs Immediate Reform — and a New Chair

With President Joe Biden’s term nearly over, federal agencies should be winding down activities for the year and preparing ...

2don MSN

Capital One sued by CFPB for allegedly cheating customers out of $2 billion

The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion ...

4don MSN

Billions of dollars for millions of Americans: why 'delete the CFPB' might not fly

Elon Musk, Trump’s new presidential advisor, tweeted in early November “Delete CFPB. There are too many duplicative ...

1d

CFPB Fines CashApp $175 Million for Allegedly Mishandling Fraud Claims

If you lost money to scammers or had your account frozen on a popular peer-to-peer payment platform, you might be due for a ...

CFPB Reboots No-Action Letter and Sandbox Policies: A New Approach to Financial Innovation…Not

On January 3, 2025, the Consumer Financial Protection Bureau (CFPB) announced a comprehensive reboot of its No-Action Letter (NAL) and ...

National Mortgage News10h

CFPB files amicus brief in home equity investment case

Legal arguments in this case hinge on whether products offered by HEI platforms should fall under the Truth in Lending Act.

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