Hosted on MSN15h
The CFPB fines Apple millions for Apple Card
The CFPB said mismanagement from both companies affected thousands ... In a statement, an Apple spokesperson said “Apple ...
CNET on MSN1d
Apple and Goldman Sachs Fined $89 Million by CFPB for Apple Card Failures
While Apple continues to look for a new home for the Apple Card, the tech giant and its current issuer have been accused of ...
INSTOREMAG2h
Retailers Say CFPB Open Banking Rules Could Reduce Need for ‘Swipe’ Fees and Save Consumers Billions
Retailers need to pay close attention to developments with open banking and the potential it offers as an alternative to the costly way payments are currently processed.” ...
New CFPB rules aim to boost competition in financial services
The Consumer Financial Protection Bureau (CFPB) on Tuesday unveiled rules intended to increase competition that would require ...
Digital Transactions13h
How the CFPB’s Data Privacy Rule for Open Banking Could Impact Merchants’ Swipe Fees
Swipe fees, on cards are paid by merchants and are typically 2% to 4% of the transaction. In comparison, fees for pay-by-bank ...
JD Supra1d
CFPB Finalizes Open Banking (Section 1033) Rule
On October 22nd, the Consumer Financial Protection Bureau ("CFPB") issued its final open banking rule, which implements ...
New CFPB rule aims to make switching banks easier by requiring free release of personal data
The Consumer Financial Protection Bureau announced a final rule that will allow consumers to switch banks more easily by ...
American Banker2d
CFPB's 1033 open banking final rule expands scope to payment apps
The Consumer Financial Protection Bureau expanded the scope of the 1033 rule to include payment apps, provides for some ...