2024-11-22
Bloomberg
18 related
The CFPB will supervise tech companies with digital wallets, like Apple Pay, Google Pay, and Venmo, with 50M+ annual transactions, treating them more like banks
the Biden/Warren crew just enacted this to stop @X from becoming a payments juggernaut. Wow, a whole new 259-page rule aimed at X...yet more lawfare against you.👊 (Congress can & probably will CRA thi...
2023-08-16
CNBC
10 related
At a White House roundtable, the US Consumer Financial Protection Bureau touts Fair Credit Reporting Act rules to crack down on harmful data broker practices
like payment history or criminal history — as a consumer report under the FCRA. That would trigger new accountability requirements. Tonya Riley / @tonyajoriley : The 2nd proposed rule would clarify ex...
2021-12-23
Reuters
7 related
The US CFPB orders online payday lender LendUp to shutter lending operations after finding it repeatedly lied to and illegally cheated its customers
it has been a long time coming. In other news, anyone looking to buy my shares of LendUp? Rohit Chopra / @chopracfpb : We will be working to provide redress to borrowers cheated by @LendUpCredit throu...
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