As scrutiny of Buy Now Pay Later increases, so too do satisfaction scores among customers using the short-term financing mechanism structured like an installment loan.
In a long awaited move, the CFPB proposed a rule to improve consumer access to their financial data and drive the shift to open banking.
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.
While there has been a focus on junk fees recently that hasn't extended much to remittances. For people sending money overseas there is no transparency and the cost is still too high.
Artificial intelligence (AI) can significantly improve loan decisioning accuracy, but several factors must be considered to maximize that effectiveness. Luckily, given some care and consideration, Zest AI’s chief legal officer Teddy Flo said they can be easily applied.
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.