Chester County News and Community Website
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has fined international remittance provider Wise nearly $2.5 million for misleading advertising, failure to disclose fees accurately, and other violations of …
Wise Faces $2.5M Penalty for Misleading Money Transfer Practices Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has taken enforcement action against Block, Inc., the company behind the popular peer-to-peer payment service Cash App. Following detailed investigations, the CFPB …
Is Your Cash at Risk? CFPB Exposes Cash App’s Shocking Security Failures and Consumer Betrayals! Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has officially recognized Financial Data Exchange, Inc. (FDX) as a standard-setting organization under the Personal Financial Data Rights rule. This historic designation …
CFPB Recognizes Financial Data Exchange as Standard-Setting Body for Personal Financial Data Rights Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently filed a lawsuit against Early Warning Services, the operator of the Zelle payment platform, along with Bank of America, JPMorgan …
Fraud on a Billion-Dollar Scale? CFPB Takes on Zelle and Big Banks in Explosive Lawsuit Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has finalized a new rule aimed at reforming overdraft practices at large financial institutions. This action targets banks and credit unions with …
CFPB Closes Overdraft Loophole, Saves Consumers Billions Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has finalized a groundbreaking rule to enhance oversight of the largest nonbank companies facilitating digital payments and wallets. This move addresses the …
CFPB Tightens Oversight on Digital Payment Giants in Groundbreaking Consumer Protection Rule Read More
WASHINGTON, D.C. — As summer draws to a close, the Consumer Financial Protection Bureau (CFPB) shines a spotlight on the video game industry, emphasizing potential financial pitfalls for young players …
Beware: Is Your Child’s Gaming Addiction Draining Your Wallet? CFPB Exposes Shocking Truths! Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has released a report shedding light on the hidden fees that parents face when paying for their children’s school lunches through …
CFPB Report Highlights Hidden Fees in School Lunch Payment Systems Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has finalized a rule defining the qualifications for recognized industry standard-setting bodies. These bodies will issue standards that companies can use …
CFPB Finalizes Rule to Ensure Fair Industry Standards in Open Banking Read More