Tag: CFPB

A consent order can transform a financial institution’s entire compliance structure overnight. These formal regulatory actions demand swift remediation, greater accountability, and improved oversight—often following...

The AFC has called on the CFPB to maintain key protections for open banking and consumer data access under the Dodd-Frank Act. In its formal...

The Bank Secrecy Act (BSA), passed by the US Congress in 1970, established the foundation for anti-money laundering (AML) compliance in the financial sector....

Regulatory enforcement saw a sharp decline in the first quarter of 2025, with both the volume and monetary value of fines significantly lower than...

In a surprising legal turn, the Consumer Financial Protection Bureau (CFPB) has decided to withdraw its lawsuit against Capital One, potentially forfeiting up to $2bn in reimbursements for customers.

The CFPB has finalized a rule that mandates federal oversight for the largest nonbank entities involved in digital payments, impacting those handling more than 50m transactions annually.

The CFPB has announced a new rule aimed at increasing transparency around paycheck advance products, also known as "earned wage" products.

In the ever-evolving landscape of regulatory requirements, businesses are compelled to reassess how they manage compliance and conduct risks. A proactive approach is necessary, not only to understand the regulations but to anticipate their impacts on operations. Implementing a standardized methodology supported by AI allows businesses to prepare for regulatory changes effectively, ensuring compliance is both consistent and scalable.

Navigating the complexities of the Consumer Financial Protection Bureau's (CFPB) Section 1071 rule is crucial for financial institutions across the United States. In an enlightening...

The CFPB has made a move to bring larger nonbank entities, such as Big Tech companies offering digital wallets and payment apps, under its supervisory scope.