Fintechs have touted the importance of cashflow data in underwriting. This week, the CFPB published their evidence to support the approach.
In a blog post published yesterday, CFPB director Rohit Chopra suggests we now have a (somewhat) definitive timeline for implementation.
After avoiding section 1033 of Dodd-Frank for 12 years, in October the CFPB announced proposals for action. Plaid now offers their advice.
The economic, reputational, and strategic implications of enforcement action can long outlive the action itself.
CFPB director Rohit Chopra lobbed a surprise grenade onto the expo floor Tuesday morning by announcing plans for an open banking rule.
CFPB director Rohit Chopra was back in front of the senate banking committee Tuesday, where he brought his focus on fraud in the P2P payments space.
After the CFPB proposed slashing credit card late fees to just $8 a month in February, the reaction has been swift and predictable — rage.
BNPL providers should consider the FTC's suggestion to "conduct a compliance check," including reviewing their policies and procedures.
With the fintech world gathering in Las Vegas this week for Money20/20 there was quite a lot of fintech news.
The rule opens a large swath of finance companies, loan platforms, and financial product comparison sites to CFPB oversight and enforcement.