consumer protection

State Regulators Sue To Block FinTech Charters
State Regulators Sue To Block FinTech Charters
October 30, 2018  |  Bank Regulation

In the latest salvo over awarding national bank charters to FinTechs spanning tech upstarts across online lending and various payments functions, the Conference of State...

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CFPB, Payday Lender Cash Express Settle Lawsuit
CFPB, Payday Lender Cash Express Settle Lawsuit
October 25, 2018  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has announced a settlement with payday lender Cash Express, which will pay approximately $32,000 in restitution to consumers, as...

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CFTC Ups Crypto Regulation In 2018
CFTC Ups Crypto Regulation In 2018
October 08, 2018  |  Regulation

The Commodity Futures Trading Commission (CFTC) reported an increase in enforcement actions in the last fiscal year, partly due to a rise in cryptocurrency cases...

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Big Banks See Uptick In Cyberattack Attempts
Big Banks See Uptick In Cyberattack Attempts
September 30, 2018  |  Security & Fraud

Sources have reported that some large U.S. banks have seen a boost in attempted cyberattacks in recent weeks. According to The Wall Street Journal, the...

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Aussie Banks Too Slow In Breach Notifications: Regs
Aussie Banks Too Slow In Breach Notifications: Regs
September 26, 2018  |  B2B Payments

Australian regulators on Tuesday (Sept. 25) criticized top banks in the country for what authorities called inadequate reporting of breaches of financial law. Reports in...

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Why Strong Authentication Fights Fraud, But Consumers Prefer Convenience
Why Strong Authentication Fights Fraud, But Consumers Prefer Convenience
September 13, 2018  |  Fraud Prevention

Doppelgängers are real — but they’re not phantom twins in pre-modern German fairy tales: they are online, and they can be used to steal digital...

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Wells’ Plan To Compensate Auto Insurance Holders Rejected
Wells’ Plan To Compensate Auto Insurance Holders Rejected
September 12, 2018  |  Regulation

Wells Fargo has seen U.S. regulators turn down its plan to pay back customers who purchased auto insurance they didn’t need. Reuters, citing three sources...

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GDPR Prompts Flood Of Data Complaints
GDPR Prompts Flood Of Data Complaints
August 29, 2018  |  Regulation

The number of complaints filed with the U.K. data protection watchdog has more than doubled since the General Data Protection Regulation (GDPR) went into effect...

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CFPB Ombudsman Quits, Says Bureau ‘Abandoned’ Consumers
CFPB Ombudsman Quits, Says Bureau ‘Abandoned’ Consumers
August 28, 2018  |  CFPB

Seth Frotman, an assistant director and student loan ombudsman for the Consumer Financial Protection Bureau (CFPB), had some harsh words for acting CFPB Director Mick Mulvaney...

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